Partisia, the Danish cryptographic software company, and Squareroot8, a Singapore-based quantum hardware start-up, have launched a joint system aimed at protecting financial institutions and telecoms providers from quantum decryption threats.
The system, known as FracQtion, combines Partisia’s multi-party computation (MPC) technology with Squareroot8’s quantum random number generator (QRNG) and quantum key distribution (QKD).
The companies say the hybrid approach creates a communication network resistant to “harvest now, decrypt later” attacks, in which data stolen today could be unlocked once quantum computers reach sufficient power.
Unlike standalone hardware or software systems, the product offers a layered, modular design that allows chief information and security officers to integrate quantum protection without replacing existing infrastructure.
It uses a process called data fractioning, splitting sensitive information across multiple nodes so that no single party ever holds a complete record.
Early pilots are under way with financial institutions in Singapore and Europe, underscoring what the companies describe as rising demand for post-quantum security solutions.
“This partnership with Partisia goes beyond a typical integration,” said Cristofer Quek, Squareroot8’s Chief Executive. “Together, we’ve built a solution that gives clients a defensible position against future threats that no single company could achieve alone.”
Kurt Nielsen, Partisia’s Chief Executive, said the FracQtion system arrives “at the perfect time”, with quantum computing threatening to undermine existing encryption standards.
Singapore has committed S$300m under its National Quantum Strategy, part of the RIE2025 initiative, to research, partnerships, and talent development in the sector.
FracQtion’s launch, the companies said, reflects the city-state’s ambition to position itself as a hub for quantum technologies.
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