Banks and regulators from Europe, the Middle East, and Asia are piloting post-quantum cryptographic standards for digital asset transfers.
Banks and financial regulators are testing quantum-resistant infrastructure for digital asset wallets and on-chain transfers. The pilot, led by the Responsible Fintech Institute and Safeheron, uses a multiparty computation protocol supporting the ML-DSA-65 standard on a quantum-resistant NEAR testnet.
Participating institutions include Abu Dhabi Global Market, Bhutan’s Gelephu Financial Services Office, Malta’s Financial Services Authority, Bison Bank, and DK Bank. Regulators will initially observe before contributing to governance, while banks test wallet generation and transfers in a shared environment.
The initiative aims to address risks posed by quantum computing to public-key cryptography. Organizers plan to publish findings in a white paper and open-source the technology.