QRL Exchange Update

Hello everyone.

I’m Laurence Filby, Founder and Non-Executive Chairman of Quantum Future.

If you don’t know us, QF quantum-future.io, is an independent post-quantum security company built on QRL. We work alongside the QRL Foundation, and exchange listings are one of the areas we support. Listings could have been communicated better.

Getting QRL onto the right venues required restructuring how the work is done, from documentation to compliance, with everything in place before the exchange conversation rather than after it. That groundwork is now complete, and it changes what we can share with you.

Thank you for your patience while it happened. Many of you have stayed with the project through a quiet stretch, and that has not gone unnoticed. From today you get quarterly update covering what we can say, with a clear line on what we can’t.

QRL has spent a decade building for a problem the rest of the industry is only now noticing. When the world catches up, QRL needs to be easy to buy, hold and use. That is the job.

Who we are

• Laurence, Founder and Non-Executive Chairman: strategy and direction
• Klaudia, Managing Director: runs QF day to day
• Joseph, Chief Technology and Product Officer: PhD, post-quantum cryptography practitioner
• Craig, Director of Commercial and Ecosystem Relations: exchanges, partners and commercial relationships

Our approach

A listing on the right exchange is worth far more than a listing on any exchange. Top-tier venues charge significant fees, and the listings market attracts bad actors who take payment and don’t deliver. Our commitment is to the long-term vision of QRL and to the best use of Foundation capital. Every listing has to earn its place through real liquidity, real users and lasting credibility. We will walk away from terms that put the project at risk, even when that slows things down.

What a listing involves

A reputable listing takes several months and typically includes:

• KYB (Know Your Business): full checks on the project, with corporate and ownership documents that must be current, not just complete
• Technical questionnaires: how the network works, how deposits and withdrawals are handled, and how upgrades are managed
• Legal and compliance review: including the token’s regulatory classification in each market the exchange serves
• Liquidity planning: so there is healthy trading from day one
• Contract negotiation: commercial, technical and compliance terms
• Integration and testing: completed before trading opens

QRL now has a complete listing documentation pack covering corporate, compliance and technical documents and a project overview, so every new exchange conversation starts from a prepared position.

Compliance groundwork

Earlier this year QRL announced its integration with Chainalysis. It was done early because tier-1 exchanges require transaction monitoring and compliance tooling before they list an asset. That work is done.

QRL v2

v2 is the most significant upgrade in QRL’s history. It brings smart contracts and proof of stake to a network built on post-quantum cryptography from the ground up. That opens QRL to developers, applications and institutions that need security built to outlast the quantum transition. The Foundation will share timings through its own channels, and we will reflect progress here each month.

Where things stand

Signed: international exchange, listing on v2. A large retail user base, including regions where QRL is hard to buy today. The exchange will integrate QRL v2 rather than the current network, so trading opens once v2 is live. The exchange will confirm the listing date.

Final stage: exchange with fiat on- and off-ramps. Direct fiat deposits and withdrawals, so holders could move between QRL and traditional currency without going through another crypto asset first. If terms are agreed, we will share the expected timeline.

Tier-1 and beyond. We are in conversations with a number of exchanges across tier-1 and tier-2, including venues serving Europe. One is at an advanced stage, with commercial terms on the table. We are running these processes in parallel so QRL lands on the right terms, not simply the first ones offered. The aim is for anyone, in as many regions as possible, to be able to buy QRL through a reputable exchange.

Beyond listings: QF is also exploring partnerships across enterprise security, digital asset infrastructure and the global Web3 ecosystem and beyond. The common thread is putting QRL to work where quantum risk is a real problem, not a theoretical one. We will name partners when the agreements are done and the partners are happy to be named. We would rather announce what is done than what is hoped for.

Please stay safe

Listings are confirmed only through the exchange’s own announcement and official QRL and QF channels. No one from QF or the Foundation will ever message you first or ask you to send funds.

Monthly updates

The next update is due on 31st December.

Send in your questions in Discord and we’ll answer the common ones next month.

Thanks for staying with the project and here’s to an exciting future.
Laurence, Quantum-future.io

Quantum Future is an independent company working with the QRL Foundation. This update is for information only and is not financial advice. Exchanges set listing timelines, and they can change.