IQM supplies quantum computers for direct installation at customer sites.
The capital comes on top of a previous $1 billion investment in photonic quantum chips.
BlackRock, the world’s largest asset manager with $14 trillion under management, allocated €50 million—about $57.6 million—to IQM Quantum Computers, a Finnish company dedicated to the manufacturing of superconducting quantum computers.
The announcement was made this Monday, according to Reuters, and represents a new commitment by the firm towards this sector. The investment It comes as IQM advances its IPO in the United States.
IQM, founded in 2018 as a spin-off from Aalto University and the VTT Technical Research Center of Finland, does not offer remote access to its machines: it manufactures and delivers complete quantum computers directly to facilities of the client. Its clients include four of the ten largest supercomputing centers in the world. In 2025 it recorded revenues of at least $35 million and orders exceeding $100 million.
This is not BlackRock’s first foray into the quantum sector. In September 2025, the firm participated, together with Nvidia, in a $1 billion round in PsiQuantum, a company that develops commercial quantum computers based on photonic chips —which operate on light instead of electricity—with a projected capacity of one million physical qubits. Although these would be theoretical projections, since the quantum computer with the largest number of physical qubits was that of the Caltech team, with a figure that reached 6,100 physical qubits.
This threshold is what researchers point out as sufficient to compromise the cryptography of networks such as Bitcoin, including the possibility of violating digital signatures of addresses that have revealed their public key and have not migrated to post-quantum security schemes.
Although the firm seems to be betting on quantum development, in parallel, BlackRock has deepened its exposure to digital assets. Its CEO, Larry Fink, described in his 2026 annual letter tokenization as a financial infrastructure upgrade and compared its moment of adoption to that of the internet in 1996. The firm already manages the world’s largest tokenized fund in its category and in 2025 announced plans to tokenize its ETFs and real assets such as stocks and bonds.
The confluence of these investments raises a fundamental question: BlackRock accumulates simultaneous positions in quantum computing and digital assets, whose security that same technology could, in the long term, call into question. However, this rationing could also be seen as the firm investing in quantum computing in order to develop its shield against this technology.