Banks and regulators in Europe, Middle East, Asia test quantum-resistant wallets on NEAR testnet

The Responsible Fintech Institute and custody provider Safeheron announced the pilot on Monday, involving regulators from Abu Dhabi Global Market, Bhutan's Gelephu Financial Services Office and Malta's Financial Services Authority, plus Bison Bank and DK Bank. Testing uses a multiparty computation protocol supporting ML-DSA-65, a NIST post-quantum signature standard, on a quantum-resistant NEAR testnet. Banks will test wallet generation and transfers while regulators observe and later join governance work. A white paper and open-sourcing are planned, amid preparations including Hong Kong's 2030 quantum-readiness target and BIS migration guidance. The initiative reflects concern that quantum computers could break public-key cryptography.

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