HSBC and Quantinuum Explore Real World Use Cases of Quantum Computing in Financial Services

Multi-stage project by Quantinuum and HSBC will research several quantum topic areas, including cybersecurity, fraud detection, and natural language processing

May 30, 2023

Cambridge, UK, Broomfield, Colorado, May 30th, 2023 — Quantinuum, the world’s largest quantum computing company, and HSBC are pleased to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and natural language processing.

Philip Intallura, Global Head of Quantum Technologies at HSBC said, “We are excited to embark on this partnership with Quantinuum and explore the further applications of Quantum technology in the Financial Services sector. Our collaboration provides us a great opportunity to access cutting-edge quantum hardware and take our use cases to a truly transformational level. We are looking forward to seeing the results of our joint work and bring long-term value to the bank.”

“Our collaboration with HSBC brings together a deep expertise in the application of quantum computing across a set of areas that are critical in global finance, such as protecting vital data and assets, managing risk, and creating first-of-its-kind customer service approaches. As we move towards quantum computers that simply cannot be simulated by classical computers, customers will benefit from significant value in terms of innovation, knowledge.” said Ilyas Khan, Chief Product Officer of Quantinuum.

Strengthening Cybersecurity

An initial exploration of the multi-stage collaboration is intended to demonstrate the use of quantum computing-hardened cryptographic keys, including uniquely combining them with post-quantum cryptographic algorithms to mitigate current and future cyber threats. This effort to strengthen resiliency against advanced cyber threats is increasingly critical as the transition point between the capabilities of classical and quantum computers continues to approach.

Quantinuum’s Quantum Origin is a cutting-edge platform that uses the operations of a quantum computer to strengthen the cryptographic keys that are used to protect transactions and identification processes. Quantum Origin is deployed on existing “classical” cybersecurity infrastructure and is the first commercial product on the market that uses a quantum computer to produce provably unpredictable cryptographic keys, which could offer an extra layer of security to protect HSBC’s most valuable data. HSBC and Quantinuum will run Quantum Origin via an HSM provider.

Building A Quantum Business Advantage

In a second part of the collaboration, HSBC and Quantinuum will research and explore the potential benefits of quantum machine learning (QML) and quantum natural language processing (QNLP) for HSBC's business. With fraud detection as an HSBC priority, the collaboration will examine advanced QML techniques that are enhanced by qubit routing and circuit optimization techniques provided by Quantinuum’s architecture-independent software development platform, TKET.

Additionally, HSBC and Quantinuum will explore QNLP, which is a novel form of language-based AI that uses an explainable model, rather than the "black box" methods of traditional classical large-language models. QNLP will be based on training quantum states and processes that encode word meanings. This approach may enable native NLP tasks such as question answering or text similarity, which could be valuable in regulated markets dealing with customer data.

Through this research collaboration, HSBC and Quantinuum are positioned to be at the forefront of developing and implementing quantum-based solutions that have the potential to revolutionize the banking industry.

For more information, please visit www.quantinuum.com.

About Quantinuum

Quantinuum is the world’s largest quantum computing company, formed by the combination of Honeywell Quantum Solutions’ world-leading hardware and Cambridge Quantum’s class-leading middleware and applications. Science-led and enterprise driven, Quantinuum accelerates quantum computing and the development of applications across AI, chemistry, cybersecurity, finance, and optimization. Its focus is to create scalable and commercial quantum solutions to solve the world’s most pressing problems, in fields such as energy, logistics, climate change, and health. The company employs over 480 people including 350 scientists, at nine sites in the US, Europe, and Japan.

About Quantinuum

Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. 

June 21, 2026
Quantinuum Announces Strategic Collaboration with HPE on Quantum-HPC Integration for Enterprise
  • Strategic collaboration aims to establish framework for combining quantum computing with HPC and AI environments
  • The collaboration will engage enterprise customers seeking hybrid quantum-classical solutions across high-value scientific and industrial use cases

Broomfield, CO and Houston, TX, June 22nd, 2026 — Quantinuum (NASDAQ:QNT), a leading quantum computing company, today announced a strategic collaboration with HPE focused on integrating quantum computing with high-performance computing (HPC) and AI infrastructure.

“We envision a future where quantum computers work seamlessly with classical computers to unlock scientific discovery and practical, real-world value for industries,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “As a leader in trapped-ion quantum computing, we look forward to integrating our high-fidelity systems with leading classical architectures. This collaboration with HPE represents an important step in our broader ecosystem approach to delivering practical, hybrid solutions to our enterprise, public sector, and research customers.”

The strategic collaboration is intended to develop quantum computing technologies that become a practical extension of a customer’s HPC and AI strategy. Together, the companies will explore hybrid reference architectures, validate application workflows, and engage with select customers on approaches that combine quantum technology with large-scale classical environments.

“Accelerating scientific and industrial discovery requires a deeply integrated, hybrid approach that brings together the best of classical supercomputing, AI, and quantum technology,” said Masoud Mohseni, Director of HPE Quantum and Senior Distinguished Technologist at HPE Labs. “Through this collaboration with Quantinuum we will be integrating our systems  toward a scalable infrastructure for classical-quantum applications.”

Under the collaboration, Quantinuum will provide access to quantum systems, technical expertise, and its developer environment, while HPE will contribute high performance computing systems and large-scale deployment capabilities and expertise. Together, the companies plan to collaborate on technical integration, interoperability, benchmarking, proposal development, and customer engagement.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.1  Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets.

The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs and Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

1
As of December 31, 2025.

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June 5, 2026
Quantinuum Announces Closing of Upsized Initial Public Offering

Broomfield, CO, June 5th, 2026 — Quantinuum Inc. (Nasdaq: QNT) (“Quantinuum”) today announced the closing of its upsized initial public offering of 28,000,000 shares of its Class A common stock at an initial public offering price of $60.00 per share. All of the shares were offered by Quantinuum. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $1.68 billion. Quantinuum’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “QNT.”

J.P. Morgan and Morgan Stanley (in alphabetical order) acted as joint lead active book-running managers for the offering; Jefferies and Evercore ISI also acted as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen acted as joint-book running managers; and Craig-Hallum and Rosenblatt acted as co-managers for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission (the “SEC”) on June 3, 2026. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. The offering is being made available only by means of a prospectus. Copies of the prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.


Quantinuum:

Quantinuum Investor Relations
investors@quantinuum.com

(855) 888-7686

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June 3, 2026
Quantinuum Announces Pricing of Upsized Initial Public Offering

Broomfield, CO, June 3rd, 2026 – Quantinuum Inc. (“Quantinuum”) today announced the pricing of the upsized initial public offering of 28,000,000 shares of its Class A common stock at a price to the public of $60.00 per share. Quantinuum has granted the underwriters a 30-day option to purchase up to an additional 4,200,000 shares of its Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.

The shares of Class A common stock are expected to begin trading on the Nasdaq Global Market on June 4, 2026 under the ticker symbol “QNT.” The offering is expected to close on June 5, 2026, subject to customary closing conditions.

J.P. Morgan and Morgan Stanley (in alphabetical order) are acting as joint lead active book-running managers for the offering; Jefferies and Evercore ISI are also acting as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen are acting as joint-book running managers; and Craig-Hallum and Rosenblatt are acting as co-managers for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on June 3, 2026. The offering is being made available only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.

Quantinuum:

Quantinuum Investor Relations
investors@quantinuum.com
(855) 888-7686

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