U.S. Department of the Treasury Establishes Quantum Preparedness Task Force to Drive Financial Sector Transition to Post-Quantum Cryptography

The U.S. Department of the Treasury has announced the establishment of the "Quantum Readiness Working Group," aimed at supporting an orderly and operationally resilient transition of the financial sector toward quantum-safe technologies. Operating under a public-private partnership model, the working group will focus on post-quantum cryptography migration, third-party and vendor readiness, and risks associated with digital assets and emerging technologies, in order to address the long-term cybersecurity challenges that future quantum computing may pose to the cryptographic protection of financial data, payment systems, digital identity, and market infrastructure.