#QuantumComputing

Hong Kong prepares banks for quantum threats amid tokenization push

The Hong Kong Monetary Authority (HKMA) has launched a comprehensive framework and Quantum Preparedness Index (QPI) to secure the city's banking sector against future quantum-computing threats by 2030. Currently, the sector holds a low QPI score of 2.3 out of 10, with half of surveyed institutions lacking formal post-quantum migration plans. This initiative is critical as Hong Kong aggressively expands its tokenized finance ecosystem, including HK$16.8 billion in tokenized green bonds and HK$29 billion in tokenized deposits. The HKMA warns that quantum computers could eventually compromise the RSA and elliptic-curve cryptography that underpin distributed ledger applications and digital asset settlement. To mitigate these risks, the regulator is mandating early inventory and migration planning for cryptographic systems. The strategy aligns with the broader Fintech 2030 plan, which positions RWA tokenization as a core pillar of the city's financial infrastructure. By proactively addressing these vulnerabilities, the HKMA aims to ensure the long-term integrity of blockchain-based settlements and digital asset custody as adoption continues to surge.

Cointelegraph — RWA Tokenization·2h ago