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Consortium launches cross-regional pilot on post-quantum security with participation from banks and regulatory stakeholders
Banks and regulators from multiple jurisdictions will test quantum-resistant wallet generation and on-chain transfers, with a whitepaper and open-source code planned.
- On Monday, the Responsible Fintech Institute and Safeheron launched a cross-regional pilot to evaluate post-quantum cryptography for digital asset transactions, involving banks and regulators across Asia, Europe, and the Middle East.
- Quantum computing threatens the public-key cryptography underpinning financial systems, prompting regulators to sharpen focus on quantum-driven cyber risks. A 2025 Bank for International Settlements paper urged coordinated, phased migration rather than simple algorithm swaps.
- Participants are testing a research program built on multi-party computation protocols supporting the NIST FIPS 204 digital signature standard, with testing covering wallet generation and on-chain transfers on the quantum-resistant NEAR testnet.
- Regulators including the Abu Dhabi Global Market , the Gelephu Financial Services Office , and the Malta Financial Services Authority observe the first phase, while Bison Bank and DK Bank participate as financial institutions.
- The consortium plans to publish a whitepaper on research findings and open-source the underlying technology to foster industry standards. "No single bank, vendor, or regulator solves this alone," said RFI Chairman Chia Hock Lai.
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Banks and regulators join quantum-resistant crypto transfer pilot on NEAR testnet
The pilot's success could accelerate global financial systems' transition to quantum-safe protocols, enhancing security and regulatory alignment. The post Banks and regulators join quantum-resistant crypto transfer pilot on NEAR testnet appeared first on Crypto Briefing.
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R 37%
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