SecureTech Secures QSTAK Blockchain License for Up to $22 Million in Preferred Stock

What did SecureTech acquire from QSTAK?

On October 22, 2026, SecureTech completed an exclusive worldwide license covering QSTAKCHAIN, wallet and exchange technology, formed the 57%-owned QSTAK Market joint venture, and acquired a 15% interest in QSTAK Holding for $4.5 million in Series A Preferred Stock.

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Why could the QSTAK agreement matter for SecureTech's revenue?

QSTAK Market gives SecureTech a controlled business for commercializing blockchain-based real-world asset tokenization, with its results expected to be consolidated into SecureTech's financial statements. The company anticipated initial consolidated revenue during the fourth quarter of 2026, but future revenue depends on commercial execution and customer adoption.

Does SecureTech have to pay the full $22 million?

No. SecureTech issued $6 million in Series B Preferred Stock on October 26, while another $3 million depends on the QSTAK Exchange's commercial launch and two $6.5 million tranches depend on QSTAK Market reaching $7.5 million and $15 million in gross revenue over a twelve-month period; none of the license consideration is payable in cash.

Could the QSTAK agreement dilute SecureTech stockholders?

The new Series B shares carry voting rights and liquidation priority over SCTH common stock, although holders cannot convert them directly into common shares. SecureTech may later redeem Series B shares for Series A Preferred Stock, creating potential common-share dilution through subsequent Series A redemptions.

What must happen before QSTAK becomes a meaningful operating business?

SecureTech must turn QSTAK's exchange, which was still in beta testing at the October 27 announcement, into a commercial service and attract customers for its tokenization activities. Securities-related regulatory requirements could delay operations, while the planned post-quantum security features remain under development.