System Status

Pre-licence status, stated plainly.

The QNTM Bank Project is in Phase 1 — Foundational Build. UK PRA + FCA pre-application engagement is underway. We do not hold client funds or execute live settlement prior to authorisation. Phase 2 (AWR + UK launch) is targeted for 2028.

Current State

What is happening today

languageLive

Public website

qntm.financial is live. Pre-FCA-licence interim domain (FCA 'sensitive words' register).

savingsOpen

Phase 1 Founding Round

GBP 20 million at GBP 120 million pre-money. 120,000,000 ordinary shares at GBP 1.00. Status: Phase 1 Founding Round active — GBP 20M at GBP 120M pre-money.

groupsLocked

Founder team

Bilateral MoU signed 2026-04-29. Six Founders + Sky Tech Pool + three Founding Employees per MoU Schedule A.3.

folder_sharedMoU-gated

Investor packet

Architecture Blueprint v2.1, Technical Architecture Document, Regulatory Business Plan, Investment Memo. Released under bilateral MoU only.

gavelPre-application

Regulatory engagement

UK PRA + FCA pre-application engagement. Phase 2 AWR target window: 2028 (Phase 2 — Authorisation With Restrictions + UK launch). Same playbook as LQID Bank (already secured PRA AWR + FCA e-money).

account_balanceNot yet authorised

Live banking operations

QNTM does not hold client funds or execute live settlement prior to obtaining UK PRA/FCA authorisation.

Roadmap

The path to UK authorisation

All timelines are indicative and subject to PRA + FCA review, supervisory engagement, and capital raise progress. This is not a commitment to specific dates. Tier 5 claim discipline applies — regulatory dependency.

Now
Phase 1 — Foundational Build
  • check_circlePhase 1 Founding Round open (GBP 20M @ GBP 120M pre-money)
  • check_circleMoU signed; founder cap table locked
  • check_circleqntm.financial registered (2026-04-30)
  • check_circleArchitecture Blueprint v2.1 + TAD drafted
  • check_circlePRA + FCA pre-application engagement underway
2027
Application
  • radio_button_uncheckedFormal application submitted to PRA + FCA
  • radio_button_uncheckedICAAP / ILAAP development complete
  • radio_button_uncheckedSMF candidate cultivation in progress
  • radio_button_uncheckedPhase 1 close + first hires
2028 (Phase 2 — Authorisation With Restrictions + UK launch)
Phase 2 — AWR + UK launch
  • radio_button_uncheckedAuthorisation With Restrictions target
  • radio_button_uncheckedUK production launch on regulated rails
  • radio_button_uncheckedFull ICAAP / ILAAP submission
  • radio_button_uncheckedPhase 2 raise — GBP 20M (milestone-linked valuation)
2029 / 2030 (Phase 3 — Federated Network onboarding)
Phase 3 — Federated network
  • radio_button_uncheckedRestrictions lifted; full authorisation granted
  • radio_button_uncheckedFederated network member-bank onboarding
  • radio_button_uncheckedqntm.bank fTLD activation post-FCA banking licence
  • radio_button_uncheckedPhase 3 raise — GBP 20M (milestone-linked valuation)

Pre-authorisation notice

No QNTM entity is currently authorised or regulated by the PRA, FCA, or any other financial regulatory authority. No production banking, custody, or settlement services operate prior to authorisation. The qntm.financial domain is the interim pre-licence domain; qntm.bank activates only post-FCA banking licence (subject to fTLD verification). All timelines above are indicative.

Need a current status answer?

For Phase 1 Founding Round access, MoU enquiries, or roadmap questions, the founder team answers based on the current stage of the project.

Speak to the founder team