TLDR: SC Ventures, Standard Chartered’s innovation arm, and Fujitsu have partnered to launch Project Quanta. This initiative aims to create a unified platform integrating quantum software and hardware to accelerate the development and deployment of quantum and quantum-inspired applications, initially focusing on financial sector use cases like fraud detection, risk simulations, and algorithmic trading. Fujitsu is also developing a 1,000-qubit superconducting quantum computer by 2026, with plans to scale to over 10,000 qubits by 2030.
SC Ventures, the innovation and venture arm of Standard Chartered Bank, has officially joined forces with Fujitsu, a global leader in quantum hardware and software, to incubate ‘Project Quanta.’ Announced on September 25, 2025, this strategic partnership aims to establish a groundbreaking platform designed to integrate diverse quantum software and hardware technologies. The primary goal is to empower corporate clients to rapidly explore, develop, and deploy quantum computing and quantum-inspired applications, with an initial emphasis on transformative use cases within the financial services sector.
Project Quanta is envisioned as a comprehensive ecosystem that will combine Fujitsu’s extensive quantum research and development capabilities – encompassing advanced algorithms, software development, and superconducting quantum hardware – with SC Ventures’ proven expertise in venture building and deep insights into financial institutions. This synergistic approach is expected to significantly accelerate the creation of novel quantum use cases, foster intellectual property development, and unlock substantial value across various industries.
The platform will offer a robust development environment, providing users with access to pre-built algorithms tailored for high-value financial applications. These include critical areas such as fraud detection, complex risk simulations, precise derivative pricing, sophisticated algorithmic trading strategies, and enhanced credit decision-making processes. Beyond pre-built solutions, the platform will also grant users access to essential data resources and backend quantum hardware, enabling them to design, test, and refine their own proprietary algorithms under real-world conditions.
Fujitsu brings a wealth of experience in both quantum software and hardware development to Project Quanta. The company is actively collaborating with RIKEN on the development of a 1,000-qubit superconducting quantum computer, which is slated to commence operations in fiscal 2026. Looking further ahead, Fujitsu has ambitious plans to scale its superconducting quantum computing capabilities to more than 10,000 physical qubits (equivalent to approximately 250 logical qubits) by fiscal 2030. These advancements are expected to form the backbone of the solutions developed within Project Quanta.
Apurv Suri, Client Engagement & Partnerships Lead at SC Ventures, highlighted the current landscape of the quantum development industry, stating, “The current quantum development industry is fragmented with some companies excelling at hardware integration while others are better at quantum algorithm building tools. By joining forces with Fujitsu, we want to unlock quantum resources and talent on one platform for corporates looking to scale their quantum capabilities.”
Stafford Bond, Head of Growth Investments at Fujitsu UK, echoed this sentiment, emphasizing the partnership’s broader impact. He remarked, “Partnering with SC Ventures on Project Quanta represents a bold step toward democratising access to quantum capabilities and realising true quantum advantage. By combining our expertise in quantum technologies and integration with SC Ventures’ deep industry insight and venture building pedigree, we aim to accelerate the practical application of quantum technologies and unlock transformative value for businesses.”
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While quantum computing remains a nascent technology, its potential in financial services is rapidly gaining recognition. Major financial players are increasingly investing in its development, as evidenced by recent trials. For instance, HSBC recently reported positive results from trials with IBM, exploring the utility of current quantum computers for algorithmic trading in the bond market. Project Quanta aims to capitalize on this growing interest, laying the groundwork for practical, real-world applications that extend beyond banking into other critical sectors.
