The Hong Kong University of Science and Technology (HKUST) is co-leading the development of a Post-Quantum Cryptography (PQC) Toolkit with the Hong Kong Monetary Authority (HKMA). The initiative is designed to help banks address the potential challenges that advances in quantum computing may pose to existing encryption technologies and to prepare for the transition to post-quantum cryptography. The collaboration was announced at the eighth edition of the FiNETech series (FiNETech8), the HKMA’s flagship fintech event, co-hosted by the HKMA, Cyberport Hong Kong, the FinTech Association of Hong Kong, and the School of Business and Management at HKUST (HKUST Business School).

As advances in quantum computing continue to accelerate,…