Utkarsh Ahuja, founder of Moon Pursuit Capital, expects crypto venture money to move toward quantum-ready systems ahead of 2027. His comments come as global venture funding reached $227.4 billion in Q2, according to KPMG, though much of that capital went to AI companies.
Quantum risk is a timing problem
Ahuja told crypto.news that investors need to think much further ahead than they usually do. No one can reliably predict when quantum hardware will break blockchain cryptography. But upgrading a blockchain, moving billions in assets, changing wallets, and coordinating users across decentralized networks could take years. So quantum readiness becomes relevant well before the technology arrives.
He expects more funding to flow toward post-quantum security, cryptographic migration, and infrastructure that can accept future upgrades. At Moon Pursuit, he wants to know how easily a product adapts when cryptographic requirements change. Migration matters especially for public blockchains where no one can force every wallet owner and validator to upgrade at once.
One practical migration bet
Moon Pursuit co-led AmericanFortress’ $8 million seed round with SAVA Digital Asset Fund and 0G Labs. AmericanFortress has filed a patent for quantum-resistant transaction signing. Its proposed system, ZK-PoSP, lets wallets prove control of original seeds without exposing them. The design covers Bitcoin, Ethereum, and Solana addresses without requiring users to move funds or rotate keys.
Ahuja says the company’s planned compatibility with existing infrastructure was a key reason for the investment. The design remains a proposal and would require node-level upgrades. AmericanFortress also calls its post-quantum protection conjectural rather than proven. Ahuja adds that the apparent simplicity of migration can hide complexity. Moon Pursuit looked at the patent and intellectual property to see if the technology could be easily copied.
Crypto funding remains selective
Galaxy Research found Q1 2026 crypto venture funding at roughly $4 billion across 355 deals. That was down 50% from the previous quarter. Trading, exchanges, investing, and lending took about $2.6 billion. Infrastructure had 56 deals, while privacy and security companies completed 22. Fundraising was hard for crypto-focused funds, with just eight new funds raising $1.1 billion, the lowest count since Q3 2020. US startups received 70.2% of all crypto VC capital.
Ahuja says the best opportunities now sit between digital assets, AI, cybersecurity, and quantum. More capital should reach the underlying systems for secure institutional use. Quantum protection fits because companies can sell preparation and migration tools before quantum hardware becomes dangerous.
Standards and early projects
NIST finalized its first post-quantum cryptography standards in August 2024. It wants quantum-vulnerable algorithms deprecated by 2030 and removed by 2035. Some institutional Bitcoin companies formed a security consortium in July, pledging $15 million over three years. Ethereum researchers have also shifted away from the Poseidon hash function toward SHA-2 or BLAKE2s, with leanVM production planned for 2027 and protocol deployments in 2028. BitGo and Silence Laboratories tested post-quantum signing using ML-DSA in May.
This is early work, but Ahuja’s point is simple: investors cannot wait for a proven threat. By the time one shows up, the industry may already be years behind. The question is whether current products can adapt before then.
