PQA Labs

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.

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

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

• Quantum-resistant stablecoin
• Post-quantum cryptography
• Stablecoin-as-a-service
• Blockchain infrastructure
• Layer 2 network

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. 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.
2. 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

Core 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.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• HKNEXcoreStrategic or Co-development Partner · 20 July 2025HKNEX 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 KYTcoreTechnology or Integration · 30 June 2025PQA 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 LimitedcoreStrategic or Co-development Partner · 11 March 2025PQA 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)coreStrategic or Co-development Partner · 3 March 2025PQA 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 FoundationcoreTechnology or IntegrationCo-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

Broad 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

• Xx.com/pqalabs
• YouTubeyoutube.com/@PQALabs
• LinkedInlinkedin.com/company/pqa-labs

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PQA Labs