Current outcome
Coinbase is building a post-quantum cryptography plan to protect Bitcoin custody for approximately $250 billion in assets under management.
Progress timeline
2 material updates- #01
Moving Bitcoin’s Post-Quantum Readiness Forward - Coinbase
Coinbase outlines steps to advance Bitcoin's post-quantum readiness, addressing future security threats from quantum computing.
Source evidence: Coinbase · tokenpost.com · CryptoRank
- #02
Inside Coinbase’s $250 Billion Playbook for Post-Quantum Bitcoin Custody
Coinbase's head of cryptography Yehuda Lindell disclosed more details on post-quantum custody safeguards, including exploring a fallback architecture combining post-quantum threshold decryption with programmable HSMs to address potential non-MPC-friendly post-quantum signature schemes.
State after update: Coinbase is developing post-quantum custody safeguards and exploring an HSM fallback architecture for non-MPC-friendly signature schemes.
Source evidence: Decrypt