PQA Labs
PQA Labs is a Hong Kong-based fintech that builds post-quantum blockchain infrastructure and a Stablecoin-as-a-Service platform, offering the PQUSD stablecoin and the QDay quantum-secure EVM-compatible Layer 2 to financial institutions and Web3 enterprises globally.
- Company typePrivate
- Founded-
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What PQA Labs does
PQA Labs Limited is a Hong Kong-incorporated private fintech that builds post-quantum blockchain infrastructure and offers a Stablecoin-as-a-Service (SCaaS) platform to financial institutions. Its core products are PQUSD, a USD-pegged stablecoin backed 1:1 by cash-instrument reserves and secured by NIST-standardized lattice-based post-quantum cryptography, and QDay L2, the company's claim of the world's first quantum-secure, EVM-compatible Layer 2 network built on the Abelian quantum-secure Layer 1 blockchain. The SCaaS platform wraps these assets into a turnkey issuance and management solution featuring real-time minting and redemption, multi-chain support, continuous AML screening via Beosin KYT, a rule-based risk detection engine, multi-factor authentication, and an admin panel with 24/7 technology support.
The company monetizes through subscription and transaction-fee revenue streams: recurring service fees charged to financial institutions for SCaaS platform access and stablecoin issuance tooling, plus fees on PQUSD minting and redemption transactions. Go-to-market is a direct enterprise field-sales motion targeting banks, virtual asset exchanges, and asset managers, complemented by strategic channel partnerships with HKVAX, Octiv Capital, HKNEX, and Beosin KYT, and ecosystem support from HKSTP Alumni, InvestHK, and FTAHK. PQA Labs is pursuing regulatory licenses in key jurisdictions with Hong Kong as its base and stated ambitions to expand into broader Asian and global markets.
Operationally, PQA Labs is led by Co-founder & CEO Danny Lung (finance veteran, ex-American Express, Citibank, Ericsson Canada) and Co-founder Dr. Duncan Wong (25+ years in cryptography and DLT, founding member of the Abelian Foundation). The company is privately held with no disclosed institutional funding, parent company, or revenue figures, and PQUSD is not offered to Hong Kong investors or US persons, with broader geographic restrictions covering the EU and EEA.
PQA Labs firmographics
Firmographics- Name
- PQA Labs
- Legal name
- PQA Labs Limited
- Website
- https://pqalabs.xyz
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PQA Labs is a Hong Kong-based fintech that builds post-quantum blockchain infrastructure and a Stablecoin-as-a-Service platform, offering the PQUSD stablecoin and the QDay quantum-secure EVM-compatible Layer 2 to financial institutions and Web3 enterprises globally.
- Ownership category
- akta.pro rank
PQA Labs industry classification
Industry- Product category
- Quantum-Resistant Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
- akta.pro secondary industries
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Quantum-Safe Cryptographic Algorithms & Protocols (PQC) (HDAGAGAC)
Keywords
Where PQA Labs is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
PQA Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Stablecoin-as-a-Service (SCaaS) Subscription: PQA Labs provides a turnkey SCaaS solution to financial institutions, enabling them to issue and manage stablecoins on PQA Labs' post-quantum infrastructure. Revenue is generated through service fees charged to institutional clients for platform access, stablecoin issuance, and related compliance tooling.
- Transaction/Minting/Redemption Fees: The PQUSD stablecoin platform supports real-time conversion via minting and redemption mechanisms, with order status tracking and history records. Fees may be charged on minting and redemption transactions.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
PQA Labs product offering
Product offeringCore offering
PQA Labs provides quantum-resistant stablecoin infrastructure for financial institutions, anchored by the PQUSD USD-pegged stablecoin backed 1:1 by cash reserves. The company delivers this through a turnkey Stablecoin-as-a-Service (SCaaS) platform that enables institutional issuance, management, minting/redemption, and compliance, supported by the QDay Layer 2 — an EVM-compatible, quantum-secure network built on the Abelian Layer 1 blockchain using NIST-standardized lattice-based cryptography.
Product overview
PQA Labs provides a portfolio of post-quantum blockchain infrastructure and stablecoin solutions. The core offering is PQUSD, a quantum-resistant stablecoin pegged to USD and backed 1:1 by reserve assets. This stablecoin is delivered through SCaaS (Stablecoin-as-a-Service), a turnkey platform that enables financial institutions to issue and manage their own stablecoins with built-in post-quantum security. Supporting the ecosystem is QDay L2, the world's first quantum-secure, EVM-compatible Layer 2 blockchain built on the Abelian blockchain, which provides the foundational infrastructure layer for secure, scalable transactions and DApp deployment.
Differentiator
Problem solved
Functional benefit
Brands
- PQUSD: Quantum-resistant stablecoin pegged to USD, backed 1:1 by reserve assets.
- QDay
- SCaaS (Stablecoin-as-a-Service)
Products and services
- PQUSD Stablecoin Quantum-resistant USD-pegged stablecoin issued by PQA Labs, backed 1:1 by cash-instrument reserves, designed to maintain value while being fortified by post-quantum cryptographic algorithms. Enables cross-border transfers and settlements safeguarded against emerging quantum computing threats. Not offered to Hong Kong investors and restricted in EU/EEA and to U.S. persons.
- SCaaS (Stablecoin-as-a-Service) Turnkey Stablecoin-as-a-Service platform that enables financial institutions to issue and manage quantum-resistant stablecoins. Features include an instant post-quantum security suite, multi-chain support, real-time conversion via minting and redemption, rule-based risk detection engine, continuous AML screening against global watchlists, multi-factor authentication (2FA), admin panel, custom branding, and 24/7 technology support.
- QDay L2 Network World's first quantum-secure, EVM-compatible Layer 2 network built on the Abelian quantum-secure blockchain (Layer 1). Provides security, scalability, and interoperability for stablecoin solutions, decentralized applications, and asset tokenization, while reducing transaction costs and confirmation times and inheriting quantum-resistant properties from Layer 1. Enables existing Ethereum smart contracts to migrate with minimal friction.
Companies that use PQA Labs
Customer profileSegments2 records
Ideal customer profiles2 records
PQA Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
PQA Labs partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- HKNEXcoreHKNEX and PQA Labs announced a strategic partnership to advance digital asset innovation in Hong Kong. The partnership was announced on July 20, 2025, and focuses on leveraging PQA Labs' quantum-resistant stablecoin infrastructure for HKNEX's digital asset initiatives.
- Beosin KYTcorePQA Labs formed a strategic partnership with Beosin KYT to enhance the security and compliance of its stablecoin operations. Beosin KYT provides know-your-transaction (KYT) and AML screening services, which are integrated into PQA Labs' SCaaS platform for continuous AML screening against global watchlists.
- Octiv Capital LimitedcorePQA Labs announced a strategic partnership with Octiv Capital Limited, a financial services firm, to advance collaboration in the digital asset and stablecoin space. Octiv Capital is listed as a strategic partner on the PQA Labs website.
- Hong Kong Virtual Asset Exchange Limited (HKVAX)corePQA Labs announced a strategic partnership with HKVAX, one of Hong Kong's licensed virtual asset exchanges. The partnership aims to advance digital asset innovation in Hong Kong and integrate PQA Labs' quantum-resistant stablecoin infrastructure with HKVAX's exchange platform.
- Abelian FoundationcoreCo-founder Dr. Duncan Wong is a founding member of the Abelian Foundation, which specializes in developing quantum-resistant and privacy-preserving blockchain technologies. The QDay L2 is built on the Abelian blockchain, representing a core technology dependency and close strategic alignment.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
PQA Labs competitors and assessment
Company assessmentBroad incumbents
- Circle Internet Group: Circle (USDC issuer) is the dominant regulated USD stablecoin with institutional-grade infrastructure, API issuance, and reserves. While PQA Labs differentiates on quantum-resistance, both compete for the same institutional B2B stablecoin issuance and treasury use cases.
- Ripple (RLUSD): Ripple has launched RLUSD, a USD-pegged stablecoin targeting cross-border payments and institutional settlement, with regulatory focus. It competes head-to-head with PQUSD on cross-border transfers and institutional stablecoin deployment.
- Algorand: Algorand provides institutional-grade Layer 1 infrastructure with post-quantum readiness roadmap and supports stablecoin issuance. It competes with QDay as EVM-compatible-or-EVM-equivalent execution environments for regulated digital assets.
- Tether (Tether.io): Tether is the largest USDT issuer and dominant stablecoin by circulation. It represents the incumbent baseline of scale and liquidity that PQA Labs' PQUSD is positioning against for institutional and payments use cases.
Direct peers
- Paxos: Paxos is a regulated stablecoin-as-a-service and tokenization infrastructure provider issuing regulated stablecoins (PYUSD, PAXG) for enterprises. Like PQA Labs, it offers a turnkey platform enabling financial institutions to issue and manage stablecoins with compliance tooling.
- Stables (Bridge, owned by Stripe): Bridge (acquired by Stripe) operates a stablecoin issuance and payments API targeting financial institutions and fintechs. Both Bridge and PQA Labs provide the back-end rails for enterprise clients to deploy stablecoins.
Others
- Beosin: Beosin is a blockchain security firm whose KYT/AML product integrates into PQA Labs' SCaaS platform. As a security and compliance vendor serving stablecoin and exchange clients, it is ecosystem-relevant but not a direct competitor.
Regional players
- OnchainLabs / Hong Kong Virtual Asset Exchange (HKVAX): HKVAX is a licensed Hong Kong virtual asset exchange partnered with PQA Labs. As a regional regulated exchange and digital-asset infrastructure operator in HK, it overlaps with PQA Labs' go-to-market within the same jurisdiction.
Emerging players
- Quantum Resistant Ledger (QRL): QRL is a quantum-resistant blockchain using hash-based signatures from the start. Like PQA Labs' PQC stack, it competes in the niche of quantum-secure distributed ledger infrastructure.
- Abelian Foundation: The Abelian Foundation develops the quantum-resistant Layer 1 blockchain on which QDay L2 is built. It is the most direct technology partner and a comparable peer in quantum-resistant blockchain infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PQA Labs social profiles
Digital presencePQA Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
PQA Labs leadership team
Management profileNumber of profiles
Profiles8 records
PQA Labs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PQA Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PQA Labs
What does PQA Labs do?
PQA Labs provides quantum-resistant stablecoin infrastructure for financial institutions, anchored by the PQUSD USD-pegged stablecoin backed 1:1 by cash reserves. The company delivers this through a turnkey Stablecoin-as-a-Service (SCaaS) platform that enables institutional issuance, management, minting/redemption, and compliance, supported by the QDay Layer 2 — an EVM-compatible, quantum-secure network built on the Abelian Layer 1 blockchain using NIST-standardized lattice-based cryptography.
Is PQA Labs a public or private company?
PQA Labs is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PQA Labs founded?
PQA Labs was founded in -1. It employs 1 to 10 people.
Where is PQA Labs based?
PQA Labs is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does PQA Labs make money?
Two revenue lines are on record. Stablecoin-as-a-Service (SCaaS) Subscription is the primary driver. The others are transaction/Minting/Redemption Fees.
Who are PQA Labs's main competitors?
Broad incumbents on record are Circle Internet Group, Ripple (RLUSD), Algorand and Tether (Tether.io). Direct peers are Paxos and Stables (Bridge, owned by Stripe). Beosin is listed as an others. OnchainLabs / Hong Kong Virtual Asset Exchange (HKVAX) is listed as a regional player. Emerging players are Quantum Resistant Ledger (QRL) and Abelian Foundation.
Does PQA Labs have an API?
No public API is recorded for PQA Labs.
What industry is PQA Labs in?
PQA Labs's product category is Quantum-Resistant Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAEAB, Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption), with a secondary code of FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms. Its NAICS code is 522320 and its SIC code is 6199.