Algorand's post-quantum cryptography strategy requires delivering deployed network upgrades that institutional participants can evaluate.

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On October 12, 2026, Standard Chartered launched RLUSD custody for eligible institutional clients through its Dubai International Financial Centre branch

Deutsche Bank plans to expand its cryptocurrency custody services into Asian financial hubs, specifically targeting Singapore and Hong Kong in 2027

Deutsche Bank's new Bitcoin and Ethereum custody service will directly manage crypto wallets and private keys on behalf of asset managers, hedge funds, and corporate entities

Deutsche Bank plans to launch cryptocurrency custody services in Germany within weeks, initially offering Bitcoin and Ethereum custody to institutional clients

Gerald Podobnik, co-head of Deutsche Bank's corporate bank, announced the upcoming cryptocurrency custody launch during the IMF and World Bank meetings in Bangkok

BNY Mellon became the first major United States bank to launch digital asset custody services in 2022

Deutsche Bank aims to leverage its digital asset services to support an 8% compound annual growth target for its corporate banking division through 2028

Deutsche Bank is partnering with Swiss digital asset technology firm Taurus to support its crypto custody services, having previously led a $65 million funding round for Taurus in 2023

Major global financial institutions including BNY Mellon, State Street, Standard Chartered, U.S. Bank, and Citigroup have committed to offering direct crypto custody services

Coinbase published technical priorities on October 13, 2026, outlining options for Bitcoin's post-quantum migration, including staged wallet upgrades and freezing vulnerable dormant coins

A June 2026 study estimated that approximately 2.3 million Bitcoin held in lost, dormant, or early addresses cannot be moved to quantum-resistant addresses

Google Quantum AI white papers estimated in March 2026 that breaking Bitcoin's elliptic curve cryptography would require 1,200 to 1,450 logical qubits or under 500,000 physical qubits

Approximately 6.04 million to 6.26 million Bitcoin, representing over 30% of all mined Bitcoin, sit in quantum-vulnerable public key addresses

As of October 2026, Bitcoin had fallen nearly 35% from its October 2025 high, Ethereum over 50%, and Solana and XRP each 65%, partly attributed to quantum computing risks.

Almost the entire $2.9 trillion cryptocurrency market relies on classical signatures that could be compromised by sufficiently powerful quantum computers.

An estimated 6 million Bitcoin, representing over 30% of the total Bitcoin supply, is quantum-exposed at rest due to reliance on elliptic-curve signatures.

HashKey Cloud announced on October 7, 2026 that it will integrate Babylon Trustless Bitcoin Vaults to enable native Bitcoin-backed borrowing via Aave V4 for institutional clients.

The United Arab Emirates cryptocurrency launch marks the first time Standard Chartered has offered direct cryptocurrency trading to wealthy clients within its global wealth business.

Standard Chartered extends its wider digital assets business covering custody, trading, and tokenisation through its ventures arm via Zodia Markets and Libeara.

Standard Chartered developed its cryptocurrency trading service through a collaboration between its Wealth and Retail Banking and Corporate and Investment Banking divisions alongside SC Ventures-backed Zodia Markets.