Companies Responsible Fintech Institute (RFI) and Safeheron have announced a cross-regional project to test post-quantum cryptography for digital asset transactions. Banks and regulators have joined the initiative.
The pilot aims to test how quantum-resistant infrastructure handles wallet generation and transfers of digital assets. Safeheron is acting as the technology partner, while Responsible Fintech Institute (RFI) serves as the coordinator for participants, management, and cross-jurisdictional interaction.
The program is based on a 2-of-2 MPC protocol with support for ML-DSA-65, the NIST FIPS 204 digital signature standard. Researchers will test wallet generation and on-chain transfers in the quantum-resistant NEAR testnet. Separate tests are planned for cross-border compatibility, operational resilience, and governance requirements.
Participants include regulators from the Abu Dhabi Global Market, the Royal Monetary Authority of Gelephu (Bhutan), and the Malta Financial Services Authority, as well as banks Bison Bank and DK Bank.
In the first phase, government bodies will act as observers; in the next, they will engage in governance matters.
Following the testing, the authors plan to release a white paper detailing the research, protocol design, and results. Subsequently, they intend to open-source the underlying technology of the protocol for independent audit and industry use.
Representatives from RFI and Safeheron linked the launch of the pilot to the task of preparing critical financial infrastructure in advance for the transition to post-quantum cryptography. The project is intended to demonstrate how such solutions behave within the models of regulated financial organizations.
Recall that in August, crypto bank Anchorage Digital presented a strategy for preparing institutional assets for the post-quantum era.
What are quantum computing and quantum computers?
