The Crypto Company (OTCID: CRCW) announced that Frame, the post-quantum Layer 1 blockchain it acquired in March 2026 under a $50 million-plus milestone-based share agreement, has reached V3 of its private testnet and processed more than 13 million on-chain test transactions to date. The update signals tangible progress on a development roadmap that began when TCC acquired the core technology and assets of the Frame blockchain business from Frame Holdings Ltd. earlier this year.
V3 introduces two key capabilities. Cross-chain swaps now route through Frame itself in a single transaction, eliminating the need for a third-party bridge to hold assets. Additionally, every account on V3 signs using the U.S. government's NIST ML-DSA-87 post-quantum signature standard, a security feature designed to resist future quantum-computing threats.
"We signed that agreement in March, and then we put our heads down and went to work," said Ron Levy, Chief Executive Officer of TCC. "V3 is a peek into some of the progress so far. Three testnet builds, more than 13 million post-quantum test transactions on chain, and cross-chain swaps now running through Frame itself. In March we expressed our intentions to build out the Frame Blockchain. V3 marks a major milestone towards that and we couldn't be more proud."
Sean Docherty, Chief Blockchain Officer of TCC, described V3 as proof of the company's thesis. "We have shipped three builds since March. V3 is the one that proves the thesis. A user sends value from one chain to another in a single transaction and our own validators settle it with post-quantum consensus. That is the hard part, and it is running on the testnet today."
The announcement matters because it demonstrates that Frame's post-quantum consensus and native cross-chain settlement are functional in a test environment, potentially positioning TCC to compete in the emerging market for quantum-resistant blockchain infrastructure. The milestone-based share agreement, valued at over $50 million, ties further consideration to achieving performance and adoption targets, aligning incentives with technical delivery.
However, V3 is a test environment and activity has no monetary value. Testnet results may not reflect mainnet performance, and the company still faces risks including whether milestones under the asset purchase agreement are achieved, the timing and outcome of later development phases, and its ability to fund development and operations. A wide-scale mainnet launch remains the next major objective.
Builders and traders interested in accessing the V3 testnet can request admission at https://frame.community. More information about TCC is available at thecryptocompany.com, and the announcement was distributed via NEWMEDIAWIRE.
