Regulators and Banks Launch Quantum-Safe Crypto Transfer Pilot

A cross-regional pilot testing post-quantum security for digital asset wallets and blockchain transfers has been launched by banks and regulators from Europe, the Middle East, and Asia.

The pilot involves Bison Bank and DK Bank, which will test wallet creation and on-chain transfers in a shared application environment on the NEAR testnet.

The organizers plan to release a white paper covering the research, protocol design, and test findings before making the underlying protocol publicly available.