Responsible Fintech Institute, or RFI, and crypto custody infrastructure provider Safeheron have launched a pilot focused on post-quantum digital asset wallets and onchain transfers. Participants are drawn from Europe, the Middle East, and Asia. The pilot runs on a post-quantum NEAR testnet and uses a multi-party computation protocol that supports the ML-DSA-65 standard. Regulatory participants include Abu Dhabi Global Market, Bhutan’s Gelephu Financial Services Office, and Malta’s Financial Services Authority. Bison Bank and DK Bank are taking part as financial institutions. In the first phase, banks will test wallet creation and transfers in a shared application environment, while regulators will observe before joining governance workflows at a later stage. The organizers also plan to publish a white paper covering the research, protocol design, and testing results, and to gradually open-source the underlying technology. The update comes as the Hong Kong Monetary Authority aims to have Hong Kong’s banking sector fully prepared for quantum security risks by 2030, while a 2025 report from the Bank for International Settlements recommends that financial institutions migrate to post-quantum systems in phases.
Responsible Fintech Institute (RFI) and crypto custody infrastructure provider Safeheron said they have launched a pilot for post-quantum digital asset wallets and onchain transfers, with participants from Europe, the Middle East, and Asia.
The pilot runs on a post-quantum NEAR testnet and uses a multi-party computation protocol that supports the ML-DSA-65 standard.
Regulatory participants include Abu Dhabi Global Market, Bhutan’s Gelephu Financial Services Office, and Malta’s Financial Services Authority. Bison Bank and DK Bank are participating as financial institutions.
Banks will test wallet generation and transfers in a shared application environment. Regulators will observe in the first phase and then join governance workflows later.
The organizers said they plan to publish a white paper covering the research, protocol design, and test results, and gradually open-source the underlying technology.
Separately, the Hong Kong Monetary Authority plans to have Hong Kong’s banking sector fully prepared for quantum security risks by 2030. A 2025 report from the Bank for International Settlements also recommends that financial institutions migrate to post-quantum systems in phases.
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