Banks, regulators join quantum-resistant crypto transfer pilot

Participating banks will test post-quantum wallets and onchain transfers while regulators from Abu Dhabi, Bhutan and Malta initially observe.

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 Responsible Fintech Institute (RFI) and crypto custody infrastructure provider Safeheron announced the initiative on Monday. 

The pilot uses a multiparty computation protocol supporting ML-DSA-65, a post-quantum digital signature standard published by the US National Institute of Standards and Technology, on a quantum-resistant NEAR testnet.

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