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‘Bunker mode’ is a far greater challenge for institutions than individual crypto holders

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‘Bunker mode’ is a far greater challenge for institutions than individual crypto holders

Bitcoin developers are debating how and when the network will prepare for quantum computing. Also, the call for crypto holders to move into “bunker mode” before advances in AI or quantum computing expose wallet keys, bringing greater attention to individual wallets.

However, for banks and custodians, the harder issue may be whether their key management, approval and audit systems can cope as different blockchains adopt varying quantum-resistant security standards.

Project Eleven, a company developing tools to protect crypto systems from future quantum-computing attacks, and privacy-focused proof-of-work blockchain Quantus plan to integrate Quantus with Project Eleven’s institutional custody platform, the companies told CoinDesk in an email statement.

The two companies are targeting the first quarter of 2027 for support that would let institutions manage Quantus keys and approve transactions through hardware security modules, internal policies and audit systems.

The importance of this integration goes beyond a single chain. Bitcoin, Ethereum and other networks are unlikely to settle on the same post-quantum signature scheme or migration table. A bank that holds several assets may have to accommodate several new forms of cryptography, without weakening controls that govern who can approve, sign and audit a transaction.

Such a transition could prove an impediment to institutional adoption of cryptocurrency, Alex Pruden, Project Eleven’s co-founder and CEO, told CoinDesk via LinkedIn.

“Institutions are already preparing the post-quantum transition outside of blockchains,” he added.

Christopher Smith, Quantus’ co-founder and CEO believes AI is "accelerating everything, including both quantum hardware and quantum software."

"The tail risk of a surprise quantum attack needs to be factored into all portfolio decisions.


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