Estonian QANplatform raised $15M from Qatar-based investment company MBK Holding

Estonian quantum-resistant Layer 1 blockchain QANplatform raised $15M from Qatar-based investment company MBK Holding, led by a member of the Qatari ruling family H.E. Sheikh Mansoor Bin Khalifa Al-Thani. Earlier, he worked as the director of information technology for The Council of The Qatar Ruling Family Affairs.

Founded in Tallinn in 2019 by Johann Polecsak and Endre ABRAHAM, QANplatform is a quantum-resistant Layer 1 hybrid blockchain platform that allows developers and enterprises to build blockchain solutions, such as smart contracts, DApps, DeFi, tokens, NFTs, CBDCs, and more using any programming language. The platform uses an algorithm that secures its members against quantum computer attacks. The platform will allow developers to write smart contracts in any Linux-Kernel-compatible programming language, for instance, JavaScript, Java, Python, TypeScript, C, C++, C#, etc.  

QANplatform will use the investment to develop the platform. The startup will enhance its quantum-resistant security measures and expand its partnerships with Tallinn-based blockchain security auditor Hacken, Singaporean blockchain security company Beosin, and Alpine Esports (the brand of French car manufacturer Renault group and the esports arm of the F1 racing team of Alpine). 

QANplatform also plans to expand into new global markets and scale in existing such as Qatar, Saudi Arabia, United Arab Emirates, Turkey, and the United Kingdom.