The US Treasury Department said it has created a Quantum-Readiness Task Force to support an orderly transition by the American financial sector toward quantum-secure technologies and post-quantum cryptography, or PQC. The group is set up as a public-private collaboration, bringing together government agencies, financial institutions, financial market infrastructures, technology providers, and other private-sector participants. According to the announcement, the task force will focus on three areas: coordination across the financial industry and PQC migration, readiness among third parties and vendors, and risks tied to digital assets and other emerging technologies. The Treasury said the initiative is based on Executive Order 14412 issued earlier by the Trump administration and also draws on the G7 Cyber Expert Group roadmap for the transition to post-quantum cryptography.
The US Treasury Department said it has established a Quantum-Readiness Task Force to help the American financial sector move in an orderly way toward quantum-secure technologies and post-quantum cryptography, or PQC.
Public-private structure
The task force is being organized as a public-private cooperation mechanism. It will bring together government agencies, financial institutions, financial market infrastructures, technology providers, and other private-sector participants.
Three priority areas
According to the announcement, the group will focus on three areas:
- Financial-sector coordination and PQC migration
- Readiness among third parties and vendors
- Risks involving digital assets and emerging technologies
Basis for the initiative
The Treasury said the task force is grounded in Executive Order 14412 issued earlier by the Trump administration and references the G7 Cyber Expert Group roadmap for the transition to post-quantum cryptography.
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