Announced during President Lee Jae-myung’s state visit to France, a private-sector example of Korea–France cooperation in quantum computing.
- ORIENTOM’s quantum finance algorithms proposed for validation at scale on QPerfect’s MIMIQ™ emulator
- BTQ to lead a complementary quantum-security workstream with ORIENTOM
Seoul, Republic of Korea and Strasbourg, France, September 8, 2026 — ORIENTOM Co., Ltd., a Korean company specializing in quantum computing algorithms and middleware (CEO: Seung-hyun Bang), announced today that it, QPerfect SAS, a French quantum software company (CEO: Philippe Blot), and BTQ Technologies Corp. (“BTQ” or the “Company”) intend to enter into a three-party Memorandum of Understanding (MoU) for collaboration in quantum finance and quantum security, subject to finalization and execution by all three parties.
The proposed MoU is being announced during President Lee Jae-myung’s state visit to France, against the backdrop of broader Korea–France cooperation in advanced technologies. The proposed collaboration is a private-sector initiative among ORIENTOM, QPerfect — a wholly owned subsidiary of BTQ Technologies — and BTQ Technologies; the timing of the announcement does not imply government sponsorship or endorsement.
Validating quantum finance algorithms on a world-class emulator
Under the proposed MoU’s quantum finance workstream, ORIENTOM and QPerfect intend to jointly test and benchmark ORIENTOM’s quantum finance algorithms — covering derivatives pricing, portfolio optimization and risk management, and machine learning for the banking and insurance sectors — on QPerfect’s virtual quantum computer platform, MIMIQ™.
At the heart of the collaboration is MIMIQ™’s high-performance simulation capability based on Matrix Product State (MPS) methods, which makes it possible to validate the performance and practical viability of financial algorithms at qubit scales beyond the reach of conventional state-vector simulators. ORIENTOM and QPerfect aim to establish a solid basis for demonstrating quantum algorithms that financial institutions can put to use even before fault-tolerant quantum hardware matures.
The proposed scope of quantum finance cooperation includes the joint definition of use cases and benchmarking methodologies; the design and testing of quantum, quantum-inspired and hybrid classical–quantum algorithms; quantum resource estimation and performance analysis; joint technical reports and scientific publications; and participation in international collaborative funding programs.
Exploring quantum security for financial infrastructure
Alongside the quantum finance workstream, ORIENTOM and BTQ intend to explore quantum-secure technologies and cryptographic infrastructure relevant to financial institutions and other digital systems. BTQ would lead the quantum-security workstream, contributing its expertise in quantum security and trusted quantum infrastructure. Specific activities and deliverables would be subject to the final MoU and further agreement among the relevant parties.
Korea’s leading quantum finance company — currently running a national program
ORIENTOM, headquartered in Seoul, develops quantum computing algorithms and middleware and is regarded as Korea’s leading company in the application of quantum computing to finance. In 2025 it was selected, in a consortium with Yonsei University and KB Kookmin Bank, for the “Quantum Computing-based Quantum Advantage Challenge Research” program run by Korea’s Ministry of Science and ICT and the National Research Foundation of Korea. Under this three-year program (2025–2027, KRW 3.05 billion), the consortium is implementing a stochastic differential equation solver for derivatives pricing and working to demonstrate quantum advantage.
ORIENTOM has also been actively expanding its international network, with MoUs signed with global quantum companies including PASQAL (France), Quantum Machines (Israel) and QuEra (USA), and as a member of the Quantum Economic Development Consortium (QED-C). In July 2026, it signed a separate MoU with softwareQ, a Canadian quantum software company, on quantum software toolchains.
QPerfect — emulation specialist from Strasbourg, Europe’s quantum science hub
QPerfect is a quantum software company spun out in 2023 from the European Center for Quantum Sciences (CESQ) in Strasbourg, France. It develops MIMIQ™, a virtual quantum computer that emulates large-scale quantum circuits with high fidelity on classical hardware, together with digital twins of quantum hardware and a Quantum Logic Unit (QLU™) framework for neutral-atom quantum systems. QPerfect is a wholly owned subsidiary of BTQ Technologies (Nasdaq: BTQ), a publicly listed quantum technology company, and continues to operate from its Strasbourg base as a core part of the European quantum ecosystem.
Comments from the companies
“Quantum computing will reshape the financial industry, and the companies that first secure algorithms usable in real-world practice will lead the market. QPerfect’s MIMIQ™ is an ideal platform for validating our algorithms at scale, and it is all the more meaningful that our three companies are planning concrete collaboration against the backdrop of broader Korea–France cooperation. ORIENTOM will take the quantum finance technology it has validated with Korean financial institutions to the global market, together with its European partners,” said Seung-hyun Bang, Chief Executive Officer of ORIENTOM.
“Financial institutions will need both the ability to harness quantum computing and the ability to secure their infrastructure for a quantum future. The proposed collaboration would bring these priorities together, combining ORIENTOM’s financial use cases, QPerfect’s simulation capabilities and BTQ’s quantum-security expertise,” said Olivier Roussy Newton, Chief Executive Officer and Chairman of BTQ Technologies.
“ORIENTOM is one of the rare companies that has validated quantum algorithms in finance together with real banks. Finance is a field where large-scale simulation and precise benchmarking matter enormously, and it is exactly where MIMIQ™’s MPS-based emulation can show its true value. We look forward to meaningful results from the meeting of Korea’s outstanding quantum finance algorithms and Europe’s quantum simulation technology,” said Philippe Blot, Chief Executive Officer of QPerfect.
About the companies
ORIENTOM Co., Ltd. is a Seoul-based developer of quantum computing algorithms and middleware, specializing in financial applications including derivatives pricing, portfolio optimization, risk management, and machine learning for banking and insurance. The company develops the software layer between quantum processing units (QPUs) and financial applications, and is extending its quantum optimization technology to non-financial domains such as smart grids and energy systems. It collaborates widely with academic and industrial partners in Korea and abroad. For more information, please visit www.orientom.com
QPerfect SAS is a quantum software company headquartered in Strasbourg, France, founded in 2023 as a spin-off from the European Center for Quantum Sciences (CESQ). It develops MIMIQ™, a virtual quantum computer based on Matrix Product State and state-vector methods, digital twins of quantum hardware, and a QLU™ framework for neutral-atom systems. QPerfect is a wholly owned subsidiary of BTQ Technologies (Nasdaq: BTQ | Cboe CA: BTQ). For more information, please visit qperfect.io
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ) is a quantum technology company focused on accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is developing a full-stack, neutral-atom quantum computing platform spanning hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense. For more information, please visit btq.com
Media contact
ORIENTOM Co., Ltd.
Keun Woo Lee, VP & CSO
E: woo.lee@orientom.com
29F, Parnas Tower, 521 Teheran-ro, Gangnam-gu, Seoul, Republic of Korea
Press release issued by ORIENTOM Co., Ltd.
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Forward Looking Information
Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: ORIENTOM; QPerfect’s partnership with ORIENTOM and the benefits thereof to the Company and QPerfect; the joint projects with ORIENTOM, including the uses and benefits of such projects; the business plans of the Company; the Company’s research partnerships; and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as “anticipate”, “intend”, “expect”, “plan” or “may” and the variations of these words are intended to identify forward-looking statements and information.
The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company’s research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks relating to the integration of QPerfect; risks that QCIM, QSSN, Bitcoin Quantum, or other products may not achieve commercialization on the timelines anticipated or at all; risks that pilot programs and early-stage commercial deployments may not convert to revenue-generating contracts; risks relating to competition in the post-quantum cryptography and quantum computing industries; risks relating to the Company’s dependence on key partnerships in South Korea and other jurisdictions; risks relating to changes in regulatory frameworks for digital assets, stablecoins, and post-quantum cryptographic standards; risks that the Bitcoin Quantum mainnet launch may not occur on the anticipated timeline or achieve the expected network adoption; and other risk factors as detailed from time to time in the Company’s public disclosure documents filed on SEDAR+ and EDGAR. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.