Hong Kong Monetary Authority launched a framework to evaluate banks’ readiness for quantum‑computing threats as it expands tokenized deposits, digital assets and blockchain settlement. The regulator released a white paper and the first Quantum Preparedness Index, which gave the sector a score of 2.3 out of 10 and found that about half of surveyed institutions had no formal post‑quantum planning. The initiative follows Hong Kong’s broader push to use distributed ledger technology for government bonds, deposits and settlement under Project Ensemble. Government data show tokenized green bonds have totaled HK$16.8 billion since 2023, and digital‑asset holdings under custody rose to more than HK$14 billion by the end of 2025. The white paper notes that cryptography underpins distributed‑ledger applications and payment networks, making them vulnerable if quantum computers capable of running Shor’s algorithm become available. It urges banks to conduct inventories, risk assessments and migration plans before such machines are deployed. One institution completed a proof‑of‑concept using post‑quantum cryptography for distributed‑ledger connectivity, and HSBC employed quantum‑safe technology to move tokenized gold on a distributed ledger in 2024. The regulator aims for a QPI score of 10 by 2030 and plans to accelerate real‑world asset tokenization, standardize tokenized government bond issuance and explore tokenized Exchange Fund papers, supported by e‑HKD, tokenized deposits and regulated stablecoins.