A visible light absorbing, anthraquinone derivative 1-tosyloxy-2-methoxy-9,10-anthraquinone (QT) mediates both cationic and radical polymerizations depending on the intensity of visible light used. A previous study showed that this initiator generates para-toluenesulfonic acid through a stepwise, two-photon excitation mechanism. Thus, under high intensity irradiation, QT generates acid in sufficient quantities to catalyze the cationic ring opening polymerization of lactones. However, under low intensity (lamp) conditions, the two-photon process is negligible, and QT photooxidizes DMSO, generating methyl radicals which initiate the RAFT polymerization of acrylates. This dual capability was utilized to switch between radical and cationic polymerizations to synthesize a copolymer using a one-pot procedure.