Bitcoin Security Consortium Launched by BlackRock, Fidelity, Coinbase, and Strategy

Nine leading financial institutions and Bitcoin companies have established the Bitcoin Security Consortium to support Bitcoin's long-term security.

The consortium has pledged $15 million over three years for research and development related to Bitcoin security.

The group includes BlackRock, Fidelity, Coinbase, and Strategy, among others. The goal is to ensure Bitcoin remains secure in the future, particularly with the emergence of quantum computers.

Mike Schmidt, Executive Director of Brink, a non-profit that supports open-source developers, has agreed to coordinate the consortium's work on a volunteer basis.