<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Quantonation Co%2DInvestment SPV I, LLC -->
          <cik>0001973206</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Ordinary shares, EUR 0.02 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>08/27/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002119292</issuerCik>
        <issuerName>Pasqal Holding SA</issuerName>
        <issuerCusips>
          <issuerCusipNumber>F70289107</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>24, rue Emile Baudot</com:street1>
          <com:city>Palaiseau</com:city>
          <com:stateOrCountry>I0</com:stateOrCountry>
          <com:zipCode>91120</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Quantonation I</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>I0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>21924691.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>21924691.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>21924691.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.3</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) The percent of class is based upon 212,293,691 ordinary shares of Pasqal Holding SAS (the "Issuer") outstanding as of September 1, 2026, as reported in the Issuer's registration statement on Form F-1 (No. 333-298830), filed with the Securities and Exchange Commission on September 1, 2026.

(2) The reporting person is a French fonds professionnel de capital investissement.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Quantonation Co-Investment SPV I, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>322853.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>322853.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>322853.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>0.2</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) The percent of class is based upon 212,293,691 ordinary shares of the Issuer outstanding as of September 1, 2026, as reported in the Issuer's registration statement on Form F-1 (No. 333-298830), filed with the Securities and Exchange Commission on September 1, 2026.

(2) The reporting person is a limited liability company.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>FPCI Quantonation Co-Investment SPV II</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>I0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>2200858.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2200858.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2200858.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>1.0</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) The percent of class is based upon 212,293,691 ordinary shares of the Issuer outstanding as of September 1, 2026, as reported in the Issuer's registration statement on Form F-1 (No. 333-298830), filed with the Securities and Exchange Commission on September 1, 2026.

(2) The reporting person is a French fonds professionnel de capital investissement.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Quantonation Ventures SAS</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>I0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>24448402.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>24448402.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>24448402.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>11.5</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(1) The reported share amounts consist of ordinary shares of the Issuer held directly by each of (i) Quantonation I, (ii) Quantonation Co-Investment SPV I, LLC and (iii) FPCI Quantonation Co-Investment SPV II, of which the reporting person is the investment manager and, as a result, may be deemed to have beneficial ownership over the securities held directly thereby.
(2) The percent of class is based upon 212,293,691 ordinary shares of the Issuer outstanding as of September 1, 2026, as reported in the Issuer's registration statement on Form F-1 (No. 333-298830), filed with the Securities and Exchange Commission on September 1, 2026.
(3)The reporting person is a French societe par actions simplifiee registered with the Paris Trade and Companies Register under number 849 813 522.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Pasqal Holding SA</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>24, rue Emile Baudot, Palaiseau, I0 91120</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Schedule 13G is filed by:

(i) Quantonation I (the "Fund");

(ii) Quantonation Co-Investment SPV I, LLC ("Co-Invest I");

(iii) FCPI Quantonation Co-Investment SPV II ("Co-Invest II"); and

(iv) Quantonation Ventures SAS (the "Investment Manager," and each of the Fund, Co-Invest I, Co-Invest II and the Investment Manager, a "Reporting Person")</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address of the principal business office of the Reporting Persons is 58, rue d'Hauteville, 75010 Paris.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Quantonation I is a French fonds professionnel de capital investissement, Co-Invest I is a Delaware limited liability company, Co-Invest II is a French fonds professionnel de capital investissement and the Investment Manager is a French societe par actions simplifiee registered with the Paris Trade and Companies Register under number 849 813 522.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>The Fund is the beneficial owner of 21,924,691 ordinary shares held directly thereby, of which it has sole voting and dispositive power. Co-Invest I is the beneficial owner of 322,853 ordinary shares held directly thereby, of which it has sole voting and dispositive power. Co-Invest II is the beneficial owner of 2,200,858 ordinary shares held directly thereby, of which it has sole voting and dispositive power. The Investment Manager may be deemed to beneficially own the shares owned by each of the Fund, Co-Invest I and Co-Invest II, as the investment manager of each such Reporting Person.</amountBeneficiallyOwned>
        <classPercent>The Fund:                        10.3%
Co-Invest I:                       0.2%
Co-Invest II:                      1.0%
Investment Manager:      11.5%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>The Fund:                      21,924,691
Co-Invest I:                    322,853
Co-Invest II:                   2,200,858
Investment Manager:   24,448,402</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>N/A</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>The Fund:                       21,924,691
Co-Invest I:                     322,853
Co-Invest II:                    2,200,858
Investment Manager:    24,448,402</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>N/A</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Quantonation I</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Christophe Jurczak</signature>
        <title>Christophe Jurczak, President of Investment Manager</title>
        <date>10/07/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Quantonation Co-Investment SPV I, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Christophe Jurczak</signature>
        <title>Christophe Jurczak, President of Investment Manager</title>
        <date>10/07/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>FPCI Quantonation Co-Investment SPV II</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Christophe Jurczak</signature>
        <title>Christophe Jurczak, President of Investment Manager</title>
        <date>10/07/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Quantonation Ventures SAS</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Christophe Jurczak</signature>
        <title>Christophe Jurczak, President</title>
        <date>10/07/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
