Banks and Regulators Join Pilot Project to Test Quantum-Resistant Crypto Transfers

cryptonews.ruPublicado a 2026-08-24Actualizado a 2026-08-24

Resumen

Banks and financial regulators from Europe, the Middle East, and Asia have joined a pilot project to test quantum-resistant crypto infrastructure for digital asset wallets and on-chain transactions. The initiative, announced by the Responsible Fintech Institute and infrastructure provider Safeheron, will use NEAR's quantum-resistant testnet. It will employ the ML-DSA-65 post-quantum digital signature standard, recently finalized by the U.S. National Institute of Standards and Technology (NIST). Participating regulators include the Abu Dhabi Global Market, Bhutan's Gelphu Financial Services Authority, and Malta's Financial Services Authority. Financial institutions involved are Bison Bank and DK Bank. In the pilot, banks will test wallet creation and transactions in a unified application environment, while regulators will initially observe and later contribute to governance mechanisms. The organizers plan to publish a technical paper detailing the research, protocol design, and test results, eventually open-sourcing the core technology. This effort comes as financial authorities prepare for the advent of quantum computers, which threaten current public-key cryptography. For instance, the Hong Kong Monetary Authority aims for the territory's banking sector to be fully prepared for quantum-related security risks by 2030. The Bank for International Settlements (BIS) also recommended in a 2025 document that financial institutions begin a coordinated, phased transition to post-qu...

Banks and financial regulators from Europe, the Middle East, and Asia have joined a pilot project to test infrastructure for digital asset wallets and on-chain transfers that is secured against quantum attacks.

Responsible Fintech Institute (RFI) and crypto asset custody infrastructure provider Safeheron announced the initiative on Monday.

The pilot project uses the ML-DSA-65—a post-quantum digital signature standard published by the U.S. National Institute of Standards and Technology—via a multi-party computation protocol in the quantum-resistant NEAR test network.

RFI stated that participating regulators include the Abu Dhabi Global Market, the Gelephu Financial Services Authority in Bhutan, and the Malta Financial Services Authority. Bison Bank and DK Bank are participating as financial institutions.

Banks will test wallet creation and transfers in a unified application environment. Regulators will observe the first phase and later join in developing governance mechanisms. The level of participation will depend on the specific institution.

The organizers plan to publish a technical paper detailing the research, protocol design, and testing results, and over time open-source the underlying technology.

The pilot project comes as financial authorities prepare for the advent of quantum computers capable of compromising public key cryptography security. The Hong Kong Monetary Authority aims to make Hong Kong's banking sector fully prepared for quantum-related security risks by 2030. The BIS in a 2025 document recommended financial institutions begin a coordinated, phased transition to post-quantum systems.

Related: Ethereum Foundation Drops Poseidon as Part of Post-Quantum Plan

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Preguntas relacionadas

QWhat is the main goal of the pilot project mentioned in the article?

AThe main goal of the pilot project is to test infrastructure for digital asset wallets and on-chain transfers that is secure against quantum attacks.

QWhich organizations launched the initiative for testing quantum-resistant crypto transfers?

AThe initiative was launched by Responsible Fintech Institute (RFI) and the crypto asset storage infrastructure provider Safeheron.

QName at least two regulatory bodies participating in the pilot project.

ATwo regulatory bodies participating are Abu Dhabi Global Market and the Malta Financial Services Authority. Other mentioned participants include the Royal Monetary Authority of Bhutan.

QWhat specific post-quantum cryptographic standard is being used in the project's test network?

AThe project uses the ML-DSA-65 post-quantum digital signature standard, which was published by the U.S. National Institute of Standards and Technology (NIST).

QWhat long-term recommendation did the BIS make in 2025 regarding quantum security for financial institutions?

AIn a 2025 document, the Bank for International Settlements (BIS) recommended that financial institutions begin a coordinated, phased transition to post-quantum systems.

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