Written by Ezra Reguerrastaff writerReviewed by Bryan O’Sheastaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Bryan O’Sheastaff editor

Hong Kong prepares banks for quantum threats amid tokenization push

Latest NewsPublishedJul 28, 2026

Preparing for a Secure Future: Hong Kong’s Quantum Threat Initiative

The Hong Kong Monetary Authority (HKMA) is taking proactive steps to prepare the city’s banking sector for quantum-related security risks by 2030. As Hong Kong expands its use of tokenized finance, the HKMA has launched a framework to assess banks’ preparedness for quantum-computing threats. This move aims to ensure the sector’s readiness for the potential risks associated with quantum computing, which could compromise the security of distributed ledgers and payment networks.

The HKMA’s Quantum Preparedness Index (QPI) gave the sector an overall readiness score of 2.3 out of 10, indicating a significant need for improvement. The authority aims to achieve full sector readiness, represented by a QPI score of 10, by 2030. This initiative is part of the HKMA’s Fintech 2030 strategy, which prioritizes tokenization as a key pillar. With the growth of tokenized deposits, digital assets, and blockchain settlement, the need for quantum-resistant security measures has become increasingly important.

Tokenization and Quantum Security

As Hong Kong continues to expand its use of tokenized finance, the importance of quantum security cannot be overstated. The HKMA’s white paper highlights the potential risks of quantum computers breaking widely used cryptography, which could allow attackers to decrypt protected data or forge digital signatures. To mitigate these risks, the HKMA is urging banks to begin inventories, risk assessments, and migration planning before quantum computers become available.

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Hong Kong’s tokenization push raises quantum stakes

A Secure Future for Earning and Rewards

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In a Feb. 11, 2026, speech, Hong Kong Financial Secretary Paul Chan said banks in Hong Kong held more than HK$14 billion (about $1.785 billion) in digital assets under custody at the end of 2025, up about 180% year over year, while tokenized deposits had reached HK$29 billion ($3.7 billion).

According to the HKMA white paper, quantum computers capable of running Shor’s algorithm at scale could eventually break widely used RSA and elliptic-curve cryptography. This could allow attackers to decrypt protected data or forge the digital signatures used to authorize transactions, verify identities and establish trust in financial systems.

Because replacing embedded cryptographic systems can take years, the HKMA urged banks to begin inventories, risk assessments and migration planning before such machines become available.

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• RWA Tokenization
• Tokenization
• Quantum Computing
• Hong Kong
• Banks
• Blockchain

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