Consortium launches cross-regional pilot on post-quantum security with participation from banks and regulatory stakeholders

Convened by the Responsible Fintech Institute with Safeheron as technology partner, to evaluate and eventually open-source quantum-resilient infrastructure for wallet generation and digital asset transfers in a regulated, cross-jurisdiction setting.

SINGAPORE, Aug. 24, 2026 /PRNewswire/ -- The Responsible Fintech Institute (RFI) and Safeheron have launched a pilot initiative to evaluate post-quantum cryptography for digital asset transactions, with participation from selected financial institutions and regulatory stakeholders across multiple jurisdictions. The initiative is designed to move quantum-safe financial infrastructure from concept into practical testing with participating institutions.

The pilot will focus on a post-quantum cryptography (PQC) research program built around a multi-party computation (MPC) protocol that supports ML-DSA-65, the NIST FIPS 204 digital signature standard, with participant testing covering wallet generation and on-chain transfer activity on the quantum-resistant NEAR testnet. The initiative brings together banks and regulators from multiple jurisdictions to examine cross-border interoperability, operational resilience and governance considerations in parallel with technical evaluation.