The Hong Kong Monetary Authority released a quantum readiness white paper on July 27 and introduced the Quantum Preparedness Index, or QPI, as part of its work on financial sector resilience. The authority rated itself at 2.3 out of 10 and said it aims to reach a full score by 2030 through the adoption of post-quantum cryptography to address encryption risks tied to quantum computing. The paper sits under the “resilience” pillar of the HKMA’s DART framework and covers more than 40 Fintech 2030 initiatives. The HKMA also said it is working with the Hong Kong University of Science and Technology on a post-quantum cryptography toolkit. According to CryptoBriefing, the push comes as tokenized deposits and government bonds expand, making quantum security preparation increasingly important for protecting financial infrastructure.
The Hong Kong Monetary Authority, or HKMA, released a quantum readiness white paper on July 27 and launched the Quantum Preparedness Index, or QPI.
The HKMA gave itself a score of 2.3 out of 10. It said it plans to adopt post-quantum cryptography before 2030 and raise that score to a full 10 in response to encryption risks linked to quantum computing.
The white paper falls under the “resilience” pillar of the HKMA’s DART framework and covers more than 40 Fintech 2030 initiatives. The authority also said it is working with the Hong Kong University of Science and Technology to develop a post-quantum cryptography toolkit.
According to CryptoBriefing, quantum security readiness is increasingly important for safeguarding financial infrastructure as tokenized deposits and government bonds continue to expand.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
