Quantum-Safe Crypto Pilot Launches on NEAR
Banks test quantum-safe digital asset wallets and transfers on NEARs testnet.MPC technology supports ML-DSA-65 signatures for post-quantum transaction security.Regulators assess governance, resilience and cross-border interoperability risks. Banks and regulators have launched a cross-regional pilot testing quantum-safe infrastructure for digital asset wallets and transfers on the NEAR testnet. The initiative aims to assess post-quantum cryptography, operational resilience, governance, and cross-border interoperability before quantum computing creates practical risks for existing financial systems. Banks Test Post-Quantum Digital Asset Transfers The Responsible Fintech Institute (RFI) launched the pilot with Safeheron as its technology partner. Bison Bank and DK Bank will test wallet generation and on-chain transfers through a shared application environment. Regulators from Abu Dhabi, Bhutan, and Malta will initially observe the technical work. The pilot uses a multi-party computation (MPC) protocol supporting ML-DSA-65, a signature standard established under NISTs FIPS 204 framework. MPC lets multiple parties sign transactions without reconstructing a complete private key in one location. Testing will take place on the quantum-resistant NEAR testnet rather than the public network. Therefore, the exercise does not indicate that current quantum computers can compromise NEAR, participating banks, or customer assets. Instead, it provides a controlled environment for testing future security standards. Chia Hock Lai, chairman of RFI, said, “No single bank,









