European, Middle Eastern and Asian Institutions Test Quantum-Resistant Digital Asset Infrastructure

Banks and financial regulators across Europe, the Middle East and Asia have joined a pilot testing quantum-resistant infrastructure for digital asset wallets and onchain transfers. The initiative was announced on Monday by the Responsible Fintech Institute and crypto custody infrastructure provider Safeheron, which said the project is designed to evaluate wallet generation and transfer processes in a shared application environment. According to Cointelegraph, the pilot uses a multiparty computation protocol that supports ML-DSA-65, a post-quantum digital signature standard published by the US National Institute of Standards and Technology, and runs on a quantum-resistant NEAR testnet. Participating regulators include Abu Dhabi Global Market, Bhutan’s Gelephu Financial Services Office and Malta’s Financial Services Authority, while Bison Bank and DK Bank are taking part as financial institutions. The banks will test wallet generation and transfers, while regulators will observe the first phase and later contribute to a governance workstream, with participation levels varying by institution.The organizers said they plan to publish a white paper covering the research, protocol design and test findings, and they eventually intend to open-source the underlying technology. The pilot comes as financial authorities prepare for quantum computers that could weaken public-key cryptography. The Hong Kong Monetary Authority aims to make Hong Kong’s banking sector fully prepared for quantum-related security risks by 2030. Separately, a 2025 BIS paper urged financial institutions to begin coordinated, phased migrations to post-quantum systems.