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\u00a0<\/p>\n\u00a0UNITED
\nSTATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549<\/p>\n
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934\u00a0<\/p>\n
Indicate by check mark whether the registrant files or will file
\nannual reports under cover of Form 20-F or Form 40-F.<\/p>\n
Pursuant to the requirements of the Securities Exchange Act of 1934,
\nthe registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly authorized.<\/p>\n
Exhibit 99.1\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
BTQ Technologies’ QSSN Selected as Core Security
\nInfrastructure for South Korea’s First Bank-Led KRW Stablecoin Proof-of-Concept<\/p>\n
BTQ provides strategic advisory
\nsupport and QSSN as core PQC security infrastructure for the iM Bank initiative on the Kaia mainnet, advancing post-quantum migration
\nacross global financial infrastructure<\/p>\n
BTQ has been selected as the core post-quantum cryptography
\nsecurity technology provider for South Korea’s first bank-led KRW stablecoin proof-of-concept, delivering its Quantum Secure Stablecoin
\nSettlement Network (“QSSN”) for the initiative.
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BTQ is providing strategic advisory support and helping coordinate
\nimplementation across the partnership with iM Bank and Finger, supporting the integration of post-quantum protections into regulated
\ndigital money infrastructure.
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Built on the Kaia mainnet, the proof-of-concept is connected
\nto the blockchain ecosystems originally developed by Kakao and LINE, linking the initiative to two of the largest messaging and digital
\nplatform ecosystems in Korea and Japan.<\/p>\n
VANCOUVER, BC, May 6, 2026 \/CNW\/ – BTQ Technologies
\nCorp. (“BTQ” or the “Company”) (Nasdaq: BTQ) (CBOE CA: BTQ), a global quantum technology company focused
\non securing mission-critical networks, today announced that it it has been selected as the core PQC security technology provider through
\nits Quantum Secure Stablecoin Settlement Network (“QSSN”) in a proof-of-concept with its Korean strategic partner, Finger
\nInc. (“Finger”), and iM Bank, a leading Korean commercial bank, for South Korea’s first bank-led Korean won stablecoin
\ninfrastructure incorporating post-quantum cryptography (“PQC”).<\/p>\n
The proof-of-concept represents more than a technical
\npilot. It marks an important step in bringing next-generation quantum security into banking infrastructure within Korea’s regulated financial
\nsystem. In addition to providing QSSN as the core PQC security framework, BTQ is contributing consulting and strategic coordination across
\nthe three-way partnership, helping align the project’s security architecture, implementation approach, and long-term post-quantum migration
\nobjectives.<\/p>\n
“Post-quantum migration requires more than a
\ncryptographic upgrade. It requires coordination across infrastructure, implementation, and institutional stakeholders,” said Olivier
\nRoussy Newton, Chief Executive Officer of BTQ Technologies. “In this initiative, BTQ is providing both strategic advisory support
\nand QSSN as the post-quantum security architecture, while helping lead coordination across the three-way partnership. We believe this
\nproof-of-concept demonstrates how financial institutions can begin integrating quantum-resilient protections into digital money systems
\nin a practical and operationally viable way.”<\/p>\n
South Korea’s First Bank-Led PQC Stablecoin Infrastructure
\nInitiative<\/p>\n
BTQ is working alongside iM Bank and Finger on a three-way
\ninitiative to validate the issuance and distribution infrastructure for a Korean won stablecoin. In addition to supplying QSSN as the
\nPQC security layer, BTQ is providing consulting support and helping to guide coordination across the partnership as the parties evaluate
\nhow to integrate post-quantum protections into bank-led digital asset infrastructure.<\/p>\n
The proof-of-concept will validate several key components,
\nincluding real-time reconciliation between bank reserves and blockchain-issued supply, a global-standard smart contract architecture,
\nconnectivity to global infrastructure for overseas distribution, and the integration of a PQC-based dual-signature security structure.
\nBy applying BTQ’s PQC signature architecture alongside the existing ECDSA cryptographic framework, the system is designed to preserve
\noperational continuity for financial institutions while proactively addressing future quantum computing threats.<\/p>\n
Built on Kaia Mainnet<\/p>\n
A notable feature of the proof-of-concept is that
\nit will be implemented on the Kaia mainnet, one of Korea’s leading Layer 1 blockchain networks. Kaia was created through the merger of
\nKlaytn, the blockchain originally developed by Kakao, and Finschia, the blockchain associated with LINE. Kakao and LINE sit at the center
\nof two of the largest messaging and digital platform ecosystems in Korea and Japan, respectively, making Kaia a significant piece of regional
\ndigital infrastructure.<\/p>\n
Klaytn previously participated in the Bank of Korea’s
\nCBDC pilot ecosystem, and the Bank of Korea has continued to advance CBDC testing through initiatives such as Project Hangang.<\/p>\n
By combining BTQ’s PQC technology with blockchain
\ninfrastructure tied to the Kakao and LINE ecosystems, the proof-of-concept is intended to establish a model that aligns institutional-grade
\nsecurity, blockchain scalability, and evolving regulatory requirements for digital money infrastructure.<\/p>\n
QSSN as the Security Layer<\/p>\n
The PQC security foundation for the initiative is
\nBTQ’s Quantum Secure Stablecoin Settlement Network, or QSSN, a quantum-secure network architecture designed for stablecoin, tokenized
\ndeposit, payment, and digital asset infrastructure. QSSN is designed to protect critical issuer functions, including stablecoin issuance,
\nburning, transfer authority, upgrade control, and administrative permissions, by integrating PQC-based signatures while maintaining existing
\nuser experience and operational workflows.<\/p>\n
BTQ has previously announced that QSSN was highlighted
\nin the U.S. Post-Quantum Financial Infrastructure Framework (“PQFIF”) as a model architecture for post-quantum digital money
\ninfrastructure. The Company has also positioned QSSN as a standards-oriented initiative advanced through QuINSA and aligned with emerging
\npost-quantum financial infrastructure requirements.<\/p>\n
Addressing the Harvest-Now, Decrypt-Later Risk<\/p>\n
The timing of the proof-of-concept reflects the growing
\nurgency surrounding the “Harvest-Now, Decrypt-Later” risk, in which attackers may collect encrypted financial data today and
\ndecrypt it later once sufficiently advanced quantum capabilities emerge. Global institutions are already accelerating post-quantum migration.
\nThe U.S. National Institute of Standards and Technology (“NIST”) has finalized its first set of post-quantum cryptography standards,
\nincluding ML-DSA, ML-KEM, and SLH-DSA, while major technology companies and financial institutions continue to define their own post-quantum
\ntransition timelines.<\/p>\n
BTQ’s QSSN addresses this challenge through a dual-signature
\ndesign that allows existing ECDSA-based infrastructure to operate in parallel with NIST-aligned PQC signatures such as ML-DSA. This approach
\nenables banks and payment infrastructure providers to begin a phased transition toward quantum-safe security without disrupting existing
\nsystems.<\/p>\n
Expanding BTQ’s Korean Ecosystem<\/p>\n
BTQ continues to expand its Korean ecosystem across
\ndigital assets, payments, banking infrastructure, and hardware-based security. In October 2025, BTQ announced that Finger had joined Danal
\nas an early participant in BTQ’s QSSN pilot program, with the initiative expected to progress from proof-of-concept toward commercialization
\nunder QuINSA-aligned guidelines and broader industry frameworks such as PQFIF.<\/p>\n
The commencement of the iM Bank proof-of-concept represents
\nan important commercial signal for BTQ, indicating that demand for post-quantum migration among Korean financial institutions is beginning
\nto move from policy discussion toward infrastructure-level implementation. As Korea advances both quantum technology policy and stablecoin-related
\nregulatory discussions, BTQ believes QSSN is well positioned at the intersection of regulated finance, digital asset infrastructure, and
\npost-quantum security.<\/p>\n
About iM Bank
iM Bank is a South Korean commercial bank and a subsidiary of DGB Financial Group. Headquartered in Daegu, iM Bank presents itself as
\na financial companion for customers and traces its roots to Daegu Bank, which was established in 1967 as Korea’s first regional bank.
\nFor more information, please visit https:\/\/www.imbank.co.kr\/<\/p>\n
About Finger Inc. Group
Finger supplies and develops financial IT solutions to provide optimized money management strategies for employees and corporate customers.
\nProviding “Smartphone Financial Services”, “Corporate Cash Management Services” for businesses, “Private Wealth
\nManagement Services” for private consumers.<\/p>\n
Since the year 2000, Finger has accumulated a number
\nof awards and patents regarding its businesses. Based on its Mobile Enterprise Application Platform(MEAP) Orchestra and its funds management
\nsystem using screen-scrapping technologies, Finger was the first company in Korea to deliver a smartphone banking banking-service. For
\nmore information, please visit http:\/\/www.finger.co.kr\/<\/p>\n
About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ) is a quantum technology company focused on accelerating the transition from classical
\nnetworks to the quantum internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is advancing a full-stack, neutral-atom
\nquantum computing platform spanning hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics,
\nlife sciences, and defense.<\/p>\n
Connect with BTQ: Website | LinkedIn | X\/Twitter<\/p>\n
ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.<\/p>\n
Forward Looking Information <\/p>\n
Certain statements herein contain forward-looking
\nstatements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information
\ninclude but are not limited to statements or information with respect to the business plans of the Company, including with respect to
\nits research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or
\ninformation often can be identified by the use of words such as “anticipate”, “intend”, “expect”, “plan”
\nor “may” and the variations of these words are intended to identify forward-looking statements and information.<\/p>\n
The Company has made numerous assumptions including
\namong other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum
\nvulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.<\/p>\n
Although management of the Company believes that
\nthe assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that
\nforward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions
\nand involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied,
\nby such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company;
\nbusiness and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company’s
\nresearch and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated
\nevents related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in
\nthe financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact
\nof COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and
\ncausing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does
\nnot undertake to update any forward-looking information, except in accordance with applicable securities laws.<\/p>\n
View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/btq-technologies-qssn-selected-as-core-security-infrastructure-for-south-koreas-first-bank-led-krw-stablecoin-proof-of-concept-302763840.html<\/p>\n
SOURCE BTQ Technologies Corp.<\/p>\n
\u00a0<\/p>\n
View original content to download multimedia: http:\/\/www.newswire.ca\/en\/releases\/archive\/May2026\/06\/c7808.html<\/p>\n
%CIK: 0001821866<\/p>\n
For further information: For further information: E: desk@btq.tech,
\nBill Mitoulas;\u00a0Investor Relations, T: +1.416.479.9547, E: bill@btq.tech;\u00a0Media Contact: BTQ@kcsa.com<\/p>\n
CO: BTQ Technologies Corp.<\/p>\n
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