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# HKUST and HKMA Launch PQC Toolkit for Banks

**[The Quantum Insider](https://daily.dev/sources/thequantuminsider)** · 4 min read · 0 upvotes · 0 comments

## Summary

HKUST and the Hong Kong Monetary Authority have launched a Post-Quantum Cryptography (PQC) Toolkit to help banks plan their transition to quantum-safe cryptography. It offers practical tools for assessing cryptographic assets and dependencies, setting migration priorities, assigning responsibilities and building transition timelines. The effort supports the HKMA's goal of raising the banking sector's Quantum Preparedness Index from 2.3 out of 10 in July 2026 to 10 by 2030. The toolkit is available via a download link and will be updated over time to reflect evolving technological developments, international standards and industry implementation experience.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thequantuminsider.com/2026/11/02/hkust-hkma-launch-pqc-toolkit-banks>

## Questions this post answers

### What is the HKUST and HKMA Post-Quantum Cryptography Toolkit for banks?

It is a framework and set of practical tools launched by the Hong Kong University of Science and Technology and the Hong Kong Monetary Authority to help banks plan their transition to quantum-safe cryptography. It helps banks assess cryptographic assets and dependencies, set migration priorities, assign responsibilities, strengthen supplier engagement and build transition timelines.

_Teams tracking post-quantum migration planning can follow toolkit rollouts like this one on daily.dev._

### What is Hong Kong's Quantum Preparedness Index score for banks and what is the target?

The Hong Kong Monetary Authority's Quantum Preparedness Index (QPI) scored the banking sector at 2.3 out of 10 when it launched in July 2026, indicating early-stage readiness for post-quantum cryptography. The HKMA aims to raise that score to 10 by 2030, with the new PQC Toolkit meant to help banks translate awareness into concrete transition actions.

_Security teams benchmarking quantum readiness timelines can track updates like this on daily.dev._

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---

Tags: [#security](https://daily.dev/tags/security), [#quantum-computing](https://daily.dev/tags/quantum-computing), [#fintech](https://daily.dev/tags/fintech), [#cryptography](https://daily.dev/tags/cryptography)

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