WhitepaperNovember 2026
Security Token Offering

Quantum compute.
Shared returns.

Investment Whitepaper — Quantum Compute
Infrastructure & Revenue Share

Qudity Token (QDT) · Security Token Offering

Informational document — subject to changeQUDITY / WHITEPAPER / 01
01 · Introduction

Quantum Compute, Shared Returns

Quantum computing is moving from research labs into production infrastructure. The physical machines that run it — cryogenic processors, control electronics and the datacentres that house them — are becoming one of the most strategic asset classes of the next decade.

  • Enterprises in finance, logistics, chemicals and life sciences are preparing workloads that classical hardware handles poorly: optimisation, molecular simulation, and new approaches to cryptography.
  • Access to the hardware that runs these workloads is concentrated in a handful of providers. Participation in its economics has so far been limited to large institutions.
  • Qudity builds and operates that hardware layer, and opens a share of its revenue to eligible investors through a regulated security token.
01 / MARKET HORIZON
$28–72B

projected quantum computing revenue by 2035. Quantum technologies as a whole could reach up to $97B. McKinsey, "The Year of Quantum", Quantum Technology Monitor 2025.

Read source (opens in a new tab)
02 / ECONOMIC POTENTIAL
$450–850B

economic value quantum computing is projected to create globally by 2040, including a $90–170B market for hardware and software providers. BCG, July 2024.

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03 / RESEARCH BENCHMARK
13,000×

Google's Quantum Echoes algorithm ran 13,000 times faster on its Willow chip than the best classical algorithm on one of the world's fastest supercomputers. The result is verifiable on another quantum computer of similar capability. Google, 22 Oct 2025; published in Nature. Google describes it as the first verifiable quantum advantage achieved on hardware.

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01 / MARKET RANGE

From today's base to 2035.

McKinsey · 2025

Quantum computing revenue in US$ billions: 2024 actual against the 2035 projection.

$0.7B2024 → 2035$28–72B
Quantum computing revenue: 2024 and the 2035 projectionAbout 0.65 to 0.75 billion US dollars in 2024, against a projected 28 to 72 billion US dollars in 2035, on a zero to 80 billion axis.20242035$0.65–0.75B$28B$72B020406080
A market set to grow roughly 40–100× within a decade.Source (opens in new tab)

The evidence — market & technology signals.

MARKET BASE01
$650–750M

Quantum computing revenue was about $650–750M in 2024.

Context

The starting line for a market projected to reach $28–72B by 2035.

PUBLIC FUNDING02
$10B

Governments announced about $10B of new public quantum funding in early 2025 (to April); Japan alone accounted for $7.4B.

Context

Governments are committing capital at national scale.

PRIVATE CAPITAL03
$1B

$1B at a $7B valuation: PsiQuantum's September 2025 round, led by BlackRock, Temasek and Baillie Gifford, with Nvidia participating.

Context

Blue-chip investors are backing full-scale quantum facilities.

HARDWARE05
98 qubits

98 fully connected trapped-ion qubits at 99.921% two-qubit gate fidelity: Quantinuum Helios (2025); named customers include Amgen, BMW Group, JPMorgan Chase and SoftBank.

Context

Global enterprises already run on commercial quantum hardware.

INDUSTRY ROADMAP06
2026

IBM expects the first verified cases of quantum advantage by the end of 2026. Its 120-qubit Nighthawk processor launched in November 2025.

Context

The industry's largest player has put a date on quantum advantage.

BENCHMARKING07
11 teams

11 companies advanced to Stage B of DARPA's Quantum Benchmarking Initiative (Nov 2025). The programme tests whether any approach can reach utility-scale operation by 2033.

Context

The US government is mapping the path to utility-scale machines.

SECURITY08
3 standards

NIST published the first three post-quantum cryptography standards (FIPS 203, 204, 205) on 13 Aug 2024. Organisations are urged to start migrating now.

Context

Governments are preparing now for what quantum computers will deliver.

Figures as published by the cited sources.

Why now? Three forces are converging:

  • Error correction: it has crossed from theory into demonstrated results, and the major hardware roadmaps now name dates for fault-tolerant systems.
  • Enterprise readiness: enterprises are funding pilot programmes today, so that their teams, data and algorithms are ready when the hardware matures.
  • Regulated tokenisation: tokenisation under established securities frameworks now allows infrastructure ownership economics to be shared with a wider investor base, without abandoning investor protection.

Fractional participation through tokenisation. Owning a stake in quantum infrastructure has traditionally required institutional capital, complex legal structures and long lock-ups. The QDT STO tokenises a proportional economic interest in Qudity's compute revenue. Eligible investors can participate from an accessible minimum, discussed with each investor personally.

Traditional infrastructure investmentQDT Security Token Offering
Institutional-size ticketsAccessible minimum, discussed personally
Illiquid, long lock-upsOn-chain ownership records
Opaque reportingQuarterly reporting and on-chain distribution records
Limited to institutionsOpen to verified eligible investors

Why an STO. A Security Token Offering combines blockchain settlement with the protections of securities regulation:

  • Compliance: investors are KYC/AML-verified, and transfers are restricted to verified wallets.
  • Clear rights: token rights are defined in a binding investor agreement.
  • Revenue participation: distributions are tied to real operating revenue rather than speculation.
02 · Practical Application

What We Build

One company running enterprise quantum compute end to end: hardware, software, solutions and support.

Deployment readiness

Prepared.
Awaiting funding.

Qudity is not starting from a plan on paper. Every agreement, plan and purchase needed to build and operate the infrastructure is prepared and ready to execute. Each one is waiting only for the funding milestone that releases it.

  1. 01

    Hardware purchase agreements: processor systems, dilution refrigerators and control electronics are agreed with suppliers. They are ready to place on funding.

    Prepared · Awaiting funding
  2. 02

    Facility agreements: datacentre site and power arrangements for the founding facility and the second, trapped-ion datacentre are prepared.

    Prepared · Awaiting funding
  3. 03

    Engineering and deployment plans: installation, commissioning and QudityCore™ integration plans are complete, with a defined timeline from funding to first operational cluster.

    Prepared · Awaiting funding
  4. 04

    Enterprise pipeline: pilot agreements with enterprise clients are prepared for activation across finance and logistics.

    Prepared · Awaiting funding
  5. 05

    Legal and regulatory: the offering documentation, investor agreement and filings are prepared under Hong Kong law.

    Prepared · Awaiting funding
Quantum Cloud: cryogenic infrastructureConceptual cryostat cross-section: bolted vacuum flange, suspension, rolled thermal plates, heat-exchanger links, anchored coaxial lines and bonded processor carrier. Illustrative superconducting hardware, not a mechanical blueprint.01 / CRYOGENIC STACKCONTROL → COOLING → PROCESSORSHIELDCOLD PLATETHERMAL LINKMIXING STAGEPROCESSOR
01

Quantum Cloud — infrastructure.

Racks of superconducting and trapped-ion processors in Tier-IV-equivalent facilities: dilution refrigeration, vibration-isolated racks, hybrid quantum-classical orchestration, and SLA-backed 24/7 support. Primary revenue driver: enterprise compute access contracts.

QudityCore: one interface, three backendsJobs route through quantum noise mitigation to superconducting or trapped-ion processors, or bypass to classical GPU. Results converge into observability and return to the interface.02 / BACKEND ORCHESTRATIONONE INTERFACENOISE MITIGATIONSUPERCONDUCTINGQPUTRAPPED-IONQPUCLASSICALGPUOBSERVABILITYRESULTS
02

QudityCore™ — orchestration platform.

One interface across every quantum backend: automatic routing across superconducting, trapped-ion and classical GPU fleets, noise-aware error mitigation, and full job observability. Revenue: platform subscriptions.

Enterprise Solutions: engagement pipelineA continuous engagement path from proof of concept to algorithm development, data engineering and production on QudityCore.03 / FROM IDEA TO PRODUCTION01020304PROOF OFCONCEPTALGORITHMDEVELOPMENTDATAENGINEERINGPRODUCTIONON QUDITYCORE™ENGINEERED TOGETHER
03

Enterprise Solutions — services.

Custom quantum algorithm development, consulting, quantum-ready data engineering, and end-to-end implementation on QudityCore™. Revenue: engagement contracts.

How raised capital is deployed.

  • Capital is deployed in tranches, each aligned with a verified milestone:
  • The Private Sale funds facility planning, regulatory filings and the first processor cluster.
  • Later tranches fund the second-modality datacentre, platform engineering and go-to-market.
02 / CAPITAL DEPLOYMENT

Built around the hardware.

Use of funds
01QPU hardware & datacentre buildout55%
02QudityCore™ platform engineering20%
03Enterprise go-to-market15%
04Operations & compliance10%

Capital is released in tranches as each milestone is verified.

Facilities.

  • The founding datacentre runs the first superconducting cluster.
  • A second datacentre adds trapped-ion capacity, to diversify qubit modality.
  • Founding datacentre in Singapore; the second datacentre, in Tokyo, is planned. Bengaluru, Abu Dhabi, Sydney and Toronto are assessed as future expansion sites. Head office: Hong Kong.
03 / PROJECT LOCATIONS

Infrastructure, placed in context.

Global footprint

A geographic view of Qudity's facilities and offices.

GLOBAL OPERATING FOOTPRINTCOORDINATES / STATUS
Project operating locationsWorld land outlines. Qudity facility and office locations.
ActivePlannedFutureOffice
Singapore — founding datacentreActive · superconducting cluster

Map: Natural Earth, 1:110m, public domain. Land outlines only; no jurisdictional boundary claims.

03 · Blockchain Infrastructure

How the Token Works

The blockchain is the operating layer: it makes compliant ownership records and distributions transparent and verifiable.

  1. 01
    Smart contracts — issuance and transfer rules enforced on-chain.
  2. 02
    KYC / AML gate — only verified, whitelisted wallets can hold the token.
  3. 03
    Immutable ledger — tamper-proof ownership records.
  4. 04
    Distribution engine — the quarterly revenue share is calculated and paid automatically.
  5. 05
    Audit trail — chain state is publicly verifiable.

Smart-contract automation: issuance, transfer restrictions and distribution maths run in audited contracts.

Immutable ownership records: every transfer and distribution is permanently recorded.

Compliance by design: transfer restrictions are embedded at the contract level.

Transparent reporting: distribution calculations are published on-chain, and operating metrics are reported quarterly.

04 · Real Infrastructure & Token Value

Revenue-Backed, Milestone-Priced

Each token represents a proportional economic interest in the revenue generated by Qudity's compute business.

  • Real revenue: the token's economics are tied to real enterprise contracts — Quantum Cloud access, QudityCore™ subscriptions and Enterprise Solutions engagements. They are not tied to speculative demand.
  • Physical assets: the processors, cryogenic systems and facilities are long-lived infrastructure.
  • Milestone pricing: as each funding milestone is reached and capacity comes online, the token price steps up to reflect the larger, more de-risked asset base.
04 / MILESTONE PRICING

Stages before speculation.

Four stages · US$ per token
Token price by offering stagePrivate Sale 0.01 US dollars, Pre Sale 0.03, Soft Cap 0.07 and Hard Cap 0.10 US dollars per token.$0.01$0.03$0.07$0.10
01Private Sale$0.01 per token
02Pre Sale$0.03 per token
03Soft Cap$0.07 per token
04Hard Cap$0.10 per token

The token price steps up as each stage goal is reached.

StageGoal (raised)Token price
Private Sale$0 (start)$0.01
Pre Sale$230M$0.03
Soft Cap$350M$0.07
Hard Cap$450M$0.10

Early participation, best price.

  • Private Sale entry is the lowest price of the offering: $0.01, a tenth of the Hard Cap price.
  • Each later stage prices in delivered milestones.
  • Private Sale access is reviewed by the team, for long-term alignment with the project.
05 · Compliance & Investor Protection

Regulatory Framework & Investor Rights

The QDT STO is structured under Hong Kong's securities framework.

Regulatory structure: the offering is structured under Hong Kong's securities framework.

KYC/AML verification: every investor is verified before purchase.

Independent audits: quarterly review of revenue accounts and distribution calculations by an independent auditor.

Investor agreement: a binding agreement defines token rights and dispute resolution.

Asset segregation: infrastructure is held in a separate legal entity.

On-chain transparency: transfers and distributions are publicly verifiable.

Protection mechanisms
MechanismImplementationStatus
Regulatory structurestructured under Hong Kong's securities framework.Active
KYC/AML verificationevery investor is verified before purchase.Active
Independent auditsquarterly review of revenue accounts and distribution calculations by an independent auditor.Active
Investor agreementa binding agreement defines token rights and dispute resolution.Active
Asset segregationinfrastructure is held in a separate legal entity.Active
On-chain transparencytransfers and distributions are publicly verifiable.Active
06 · Investor Protections

The 90/10 Rule, Secured by Escrow

Investor capital is protected by two mechanisms working together:

  • Escrow governs when funds can be released.
  • The 90/10 rule governs what happens if the offering does not reach its Hard Cap.
01

Escrow mechanism

  • All capital raised is held in smart-contract escrow under independent trustee oversight.
  • Funds are released to operations only in tranches, each tied to a verified milestone (confirmed by the independent auditor and the contract's conditions).
  • There is no discretionary access to investor capital before a milestone is confirmed.
02

The 90/10 rule

90% returned pro rata10% retained for incurred costs

If the offering does not reach its Hard Cap:

  • 90% of all invested capital is returned to investors, pro rata to their contribution, directly from escrow;
  • 10% is retained to cover legitimate costs already incurred: legal, regulatory filings, engineering and operations.
  • The refund is enforced by the escrow contract, not left to discretion.
03

Insurance option

  • For investors who want additional protection, the company offers optional insurance coverage that extends the refund to the full invested amount (100%) if the Hard Cap is not reached.
  • The coverage is provided through regulated insurance providers.
  • It is an elective option, chosen at the time of investment.
07 · Tokenomics

Allocation, Supply & the Revenue Share

60% of the quarterly compute revenue pool is distributed pro rata to token holders. 40% is reinvested into capacity.

05 / REVENUE FLOW

One pool. Two destinations.

Every quarter
ENTERPRISE COMPUTEQuarterly revenue poolNet compute revenue
60%Token-holder distributions
40%Capacity reinvestment

The split applies to every quarter's revenue pool.

  1. 01
    Enterprise clients pay for compute: Quantum Cloud access, QudityCore™ subscriptions and Enterprise Solutions engagements generate recurring revenue.
  2. 02
    The revenue pool is aggregated: net compute revenue is collected quarterly into the token-holder pool, before further reinvestment.
  3. 03
    Distribution to token holders: a fixed share of the pool is distributed pro rata to holders, on-chain and auditable every quarter.
06 / TOKEN ALLOCATION

A complete view of supply.

Fixed supply
Token allocation:45,25,15,10 and5percent; total100percent100%TOTAL ALLOCATION

Select a row to inspect its share.

Token supply.

  • The supply is fixed and minted once. There is no later inflation.
  • The total-supply figure is set when the offering closes, so the supply reflects the fully capitalised raise.

Distribution details.

  • Payments are quarterly, to verified wallets, pro rata to holdings at the snapshot date.
  • The first distribution is planned for Q4 2027.
08 · Project Roadmap

From First Qubits to First Distribution

Four milestones take Qudity from the opening of the offering to the first revenue-share distribution, all within 2027.

  1. 2027 · Q1Current

    Private & Pre Sale

    Token offering opens. First 64-qubit superconducting cluster comes online in our founding datacenter.

  2. 2027 · Q2Upcoming

    Hard Cap · Enterprise Pilot Contracts

    Offering closes at hard cap. QudityCore™ platform reaches general availability, with the first enterprise pilot contracts signed across finance and logistics.

  3. 2027 · Q3Upcoming

    Second Datacenter · 256-Qubit Milestone

    A second, trapped-ion datacenter diversifies qubit modality, and the combined fleet crosses 256 addressable qubits, unlocking larger enterprise workloads.

  4. 2027 · Q4Upcoming

    First Revenue-Share Distribution

    First quarterly distribution of enterprise compute revenue paid to token holders under the revenue-share program.

09 · Conclusion

A Structural Opportunity

Quantum computing is entering its infrastructure phase. Qudity offers eligible investors a regulated, transparent way to share in the revenue of that infrastructure.

  • Production quantum hardware
  • One platform across backends
  • Enterprise revenue
  • Quarterly 60% revenue share
  • Milestone pricing
  • Agreements and purchases ready, awaiting funding
  • 90/10 rule secured by escrow
  • Fixed supply
  • Independent audits
10 · Legal Framework

Governing Law & Jurisdiction

  • Issuer: Quantum Divergence Limited, incorporated in Hong Kong (LEI 9845007D73BA0702LC69), registered at Shui On Centre, Nos. 6–8 Harbour Road, Wan Chai, Hong Kong.
  • Governing law: the laws of the Hong Kong Special Administrative Region. The offering is open across jurisdictions, so mandatory local law in each investor's jurisdiction continues to apply where relevant.
  • Documents: full legal documentation is provided to investors after verification and before any commitment — the Investor Agreement, Asset Structure Rules, Smart-Contract Audit Report and jurisdictional filings.
11 · Contact

Get in Touch

Quantum Divergence Limited, trading as Qudity

Qudity Token (QDT)

This whitepaper is for general information only and does not constitute investment advice.
All figures, projections and timelines are subject to change.

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