HKMA and HKUST launch PQC Toolkit for bank quantum preparedness

The Hong Kong Monetary Authority and The Hong Kong University of Science and Technology have launched a Post-Quantum Cryptography Toolkit aimed at helping banks plan their transition to quantum-safe cryptography, building on the HKMA’s earlier assessment that the sector’s readiness remains at an early stage. In a statement dated 2 November, the HKMA said the toolkit was developed with support from industry participants and is intended to give banks a structured framework for their post-quantum cryptography, or PQC, transition journeys. The toolkit is designed to help institutions establish governance and accountability, assess cryptographic exposure, identify transition needs and monitor implementation progress. The HKMA said the toolkit also brings together planning considerations to support an orderly, risk-based transition.

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