SC Ventures and Fujitsu Partner to Launch Project Quanta

SC Ventures, the innovation and venture arm of Standard Chartered Bank, and Fujitsu, a global leader in quantum hardware and software, announced on September 25 that they are joining forces to incubate Project Quanta. The initiative aims to create a platform that integrates multiple quantum software and hardware technologies, enabling clients to rapidly explore, build, and deploy quantum computing and quantum-inspired applications.

Project Quanta will combine Fujitsu’s advanced quantum R&D capabilities, including expertise in algorithms, software development, and superconducting quantum hardware, with SC Ventures’ venture-building expertise and financial industry insights. Together, the partners intend to accelerate the creation of quantum use cases, intellectual property, and new value propositions across sectors.

The platform will provide users with a development environment and access to pre-built algorithms for high-value applications such as fraud detection, risk simulations, derivative pricing, and credit decisioning. In addition, users will have access to data resources and backend quantum hardware, allowing them to design, test, and refine their own algorithms in real-world conditions.

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Fujitsu brings to the project years of research in both quantum software and hardware. The company is teaming up with RIKEN to create a 1,000-qubit superconducting quantum computer. It’s set to start operating in fiscal 2026. Fujitsu aims to create a new superconducting quantum computer. This computer will have over 10,000 qubits, which is like 250 logical qubits. They aim to achieve this by fiscal 2030.

富士通’s tech leadership teams up with SC Ventures’ financial expertise for Project Quanta. This project aims to speed up quantum computing use in various fields. It will also lay the groundwork for real-world applications beyond banking.