Fujitsu and Standard Chartered Unveil Roadmap for Qubitra, a JV for Quantum Commercialization in Finance
Fujitsu and SC Ventures, the innovation arm of Standard Chartered, have formally announced the operational roadmap for Qubitra Technologies, a London-based joint venture designed to transition quantum computing from theoretical research to practical, commercial application within the financial services sector.
Incubated under the working title "Project Quanta" in September 2025, the newly branded entity aims to bridge the gap between quantum hardware capabilities and institutional banking requirements. The venture plans to leverage Fujitsu’s computing infrastructure—including its Digital Annealer—to tackle computationally intensive banking functions such as high-frequency trading, derivatives pricing, and complex fraud detection.
Qubitra’s business strategy is built on two primary pillars. First, the company is rolling out high-performance, proprietary applications that utilize hybrid quantum and quantum-inspired machine learning algorithms. According to the roadmap, initial implementations with hedge funds, family offices, and financial institutions are already in progress, with the first live deployment scheduled for early 2026.
Second, Qubitra is developing an ecosystem marketplace. This platform intends to aggregate fragmented quantum software and hardware providers into a single environment, allowing end-users to experiment with and deploy solutions across the full quantum stack. The platform will operate on a usage-based compensation model to incentivize third-party innovation.
To lead the venture, the partners have assembled a C-suite with significant experience in deep tech and quantitative finance. Vishal Shete, formerly a Managing Director at Terra Quantum, has been appointed CEO. He is joined by Daniel Wynne as COO, previously of Carbonplace, and Kugendran Naidoo as Chief Scientific Officer, bringing two decades of experience from J.P. Morgan and IBM.
"Our mission is to turn quantum innovation into business impact," said Shete. This sentiment was echoed by SC Ventures CEO Alex Manson, who positioned the venture as a strategic move to "rewire the DNA in banking" by utilizing frontier technologies to solve industry-specific optimization problems.
Fujitsu CTO Vivek Mahajan emphasized that the venture focuses on delivering measurable improvements over conventional computing methods immediately, rather than waiting for fully fault-tolerant quantum computers to mature. The Minimum Viable Product (MVP) for the platform is slated for release to a pilot group later this year.
Norbert Gehrke
