Banks Unite Behind Powerful Quantum-Resistant Pilot System for Onchain Transfers

TL;DR

• Banks and regulators across Europe, the Middle East and Asia are testing quantum-resistant wallets and onchain transfers through a pilot led by RFI and Safeheron.
• The system uses multiparty computation with the NIST-published ML-DSA-65 signature standard on a quantum-resistant NEAR testnet, with banks conducting transfer tests.
• Organizers plan a white paper and open-source release, while regulators observe initially and later join governance work as financial authorities prepare for quantum threats.

Banks and financial regulators spanning Europe, the Middle East and Asia are joining a pilot designed to test quantum-resistant infrastructure for digital asset wallets and onchain transfers. Led by the Responsible Fintech Institute and custody infrastructure provider Safeheron, the initiative places participating banks inside a shared application environment where they can generate wallets and move assets using post-quantum protections. The striking development is that quantum security is moving from theoretical planning into hands-on financial testing. Regulators will initially observe, giving institutions space to examine how the technology behaves before governance participation deepens across increasingly complex institutional settlement workflows today.

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