Estonian QANplatform secures $15M from MBK Holding to advance quantum-resistant blockchain technology
Tallinn-based QANplatform, a quantum-resistant Layer 1 blockchain, secured a $15 million investment from MBK Holding, an investment company led by H.E. Sheikh Mansoor Bin Khalifa Al-Thani, focusing on technology startups. The company specializes in offering a foundational infrastructure for blockchain projects, similar to Ethereum, enabling developers to create a wide array of blockchain solutions, including smart contracts, DApps, DeFi, tokens, NFTs, CBDCs, and more using any programming language. With this funding, QANplatform intends to bolster its technological advancements, particularly focusing on enhancing its quantum-resistant security measures, expanding its ecosystem of partnerships with companies like Hacken, Beosin, and Alpine Esports, and furthering global market access and adoption by facilitating regional market expansions in areas like Qatar, Saudi Arabia, United Arab Emirates, Turkey, and the United Kingdom.
MBK Holding, an investment holding company with its main office in Qatar and a subsidiary in the United Kingdom, focuses on investing in technology startups. The Founder and Chairman, H.E. Sheikh Mansoor Bin Khalifa Al-Thani, member of the Qatari ruling family, formerly served for a decade as the director of information technology for The Council of The Qatar Ruling Family Affairs.
The announcement was held at the Qatar Science & Technology Park (QSTP) — Qatar’s premier hub for applied research, technology innovation, incubation, and entrepreneurship — by H.E. Sheikh Mansoor Bin Khalifa Al-Thani, Founder and Chairman of MBK Holding, Jevgenia Kim, CEO of QANplatform, and Johann Polecsak, Co-Founder and CTO of QANplatform.
H.E. Sheikh Mansoor Bin Khalifa Al-Thani, Founder and Chairman of MBK Holding said: “MBK Holding proudly backs QANplatform, the game-changing quantum-resistant blockchain platform and nominates Johann Polecsak as the Director of Blockchain of MBK Holding. Blockchain technology in general, is still an untapped area with many opportunities and potential to transform entire value chains, sectors, and business processes. (...)
Johann Polecsak, Co-Founder and CTO of QANplatform said: “Working alongside MBK Holding and their team is truly an honor. QANplatform is driven by the vision of creating the safest and most user-friendly blockchain platform, enabling the development of numerous real-world robust applications that bring tangible value to various industries.”
Jevgenia Kim, CEO of QANplatform said: “The strategic partnership with MBK Holding opens up new horizons and elevates the potential of QANplatform to unprecedented heights. We eagerly anticipate exploring new use cases and targeted regional market expansions, thanks to the support and opportunities provided by MBK Holding.”