HKMA prepares banks for quantum threats by 2030 amid tokenization push

Hong Kong’s banking regulator just gave itself a report card on quantum security. The grade: 2.3 out of 10. The deadline to fix it: 2030. The Hong Kong Monetary Authority published its first Quantum Preparedness whitepaper on July 27, laying out a roadmap to make the city’s banking infrastructure resilient against the computational threats that quantum computing will eventually pose. The document introduces a Quantum Preparedness Index, or QPI, that benchmarks where Hong Kong’s financial sector stands today, and where it needs to be before quantum machines can crack the cryptographic locks protecting trillions in assets. A 2.3 that needs to become a 10 The HKMA’s target is to push that score to a perfect 10 by 2030, which gives Hong Kong’s banks roughly four years to overhaul their cryptographic infrastructure. That means migrating from the encryption standards that have protected online banking for decades to post-quantum cryptography, or PQC. This isn’t happening in a vacuum. The quantum preparedness effort sits under the “Resilience” pillar of the HKMA’s DART framework, which was introduced in November 2025 as part of the broader Fintech 2030 strategy. That strategy encompasses ...