Quantum XChange shares surge 28.74% intraday after SANS validates Phio TX's quantum-safe encryption capabilities.

XChange surged 28.74% intraday after the SANS Institute validated its Phio TX® quantum-safe encryption platform, highlighting its out-of-band key distribution, crypto-agility, and forward secrecy capabilities. The report emphasized Phio TX’s ability to mitigate quantum computing threats and Harvest Now/Decrypt Later risks, positioning it as a future-ready solution for enterprises and governments. The endorsement reinforced market confidence in Quantum XChange’s leadership in post-quantum cybersecurity, directly driving the sharp intraday price increase. Other news events, including appointments at Veefin, PSB Xchange, and Survitec, pertained to unrelated entities or sectors and did not influence XChange’s movement.