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Banks and regulators test quantum-resistant cryptography on NEAR Protocol's post-quantum testnet.

Protocol Fundamentals
24 Aug 2026
Crypto Briefing
View Source
Bullish
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On August 23, 2026, a consortium of banks and regulators launched a pilot to test multi-party computation (MPC) using lattice-based cryptography on NEAR Protocol's quantum-resistant testnet. This pilot aims to prepare financial institutions for future quantum computing threats by simulating wallet generation and on-chain transfers with a new quantum-safe signature standard (ML-DSA-65). The collaboration includes banks like Bison Bank and DK Bank, and regulators from Abu Dhabi and Malta, highlighting cross-jurisdictional efforts to develop operational experience with post-quantum cryptography. The pilot's open-source approach could accelerate industry-wide adoption of quantum-resistant security measures.

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