So, you know how everyone's talking about quantum computing? It's not just about faster computers; it's about computers that could, one day, crack the encryption that keeps basically all digital communication and data safe. That's a problem. And where there's a problem, there are companies trying to solve it—and other companies trying to invest in those solutions.
Enter Reliance Global Group Inc. (EZRA). On Monday, the company announced it has completed the first phase of a strategic acquisition of Enquantum Ltd., a company in the business of building "post-quantum cryptography." Think of it as future-proof encryption designed to withstand attacks from quantum computers.
This isn't a simple buyout, though. It's more of a structured courtship with a clear end goal. Reliance has acquired an initial 8% stake in Enquantum. That stake came from converting a $166,000 secured bridge note and kicking in some additional cash. But the real story is the plan: Reliance has a roadmap to eventually own 51% of Enquantum.
The agreement sets up a milestone-based framework. As Enquantum hits certain operational and commercialization targets, Reliance can buy more shares in installments. The total price tag to get to that 51% controlling interest is set at $2.125 million. Based on that math, the deal values Enquantum at a pre-money valuation of $2.041 million, with a per-share price of $9.8018.
Why is Reliance doing this? Well, the company's CEO, Ezra Beyman, framed it as a strategic move into an "increasingly important sector." He's not wrong. The fear in security circles is something called a "harvest now, decrypt later" attack. A bad actor could steal encrypted data today—your financial records, state secrets, corporate blueprints—and just sit on it. Then, in five or ten years when quantum computers are powerful enough, they could decrypt it all. It's a long-game security nightmare.
In response, standards bodies like the U.S. National Institute of Standards and Technology (NIST) are racing to develop new, quantum-resistant cryptographic standards. This is expected to trigger a massive, multi-year upgrade cycle for digital infrastructure globally. The cybersecurity spending pie is huge and growing, expected to surpass $300 billion a year by 2029. Reliance is betting a slice of that will be for post-quantum tech.
So, what did Reliance buy into? Enquantum is developing hardware-accelerated encryption solutions that align with the upcoming NIST standards. Their pitch is about speed and scale. Their architecture is designed to handle terabit-scale operations—the kind of traffic flowing through big banks, telecom networks, and cloud data centers—without adding lag. In 2025, the company was granted a patent covering the use of field-programmable gate arrays (FPGAs) for encrypted communications using these quantum-resistant techniques.
"We believe post-quantum encryption is essential for the long term; it represents a fundamental change in securing critical systems," said Ezra Beyman, Chairman and CEO of Reliance Global Group. "We structured a milestone-driven acquisition pathway to achieve majority ownership, and today we completed Phase I. We plan to develop Enquantum into a scaled operating business under our control."
This deal is also notable for Reliance itself. The company calls it the first executed platform investment under its "Scale51" operating model, which seems to be their playbook for taking majority control of companies they see as having high growth potential.
As for the market's immediate reaction? Reliance Global shares closed the previous trading day, Friday, down 3.08% at $0.18.
