Germany's Allianz Group released its latest research report on the 2nd, stating that the potential threat of quantum computing to the global financial system may come before its commercial benefits. The report warns that with the improvement of quantum computing capabilities, existing cryptographic systems are at risk of failure, and the global financial industry needs to immediately begin defensive migration to cope with the “quantum day” that may arrive early. The report points out that the commercial value of quantum computing is currently mainly concentrated in complex financial simulation fields such as derivatives pricing, and has yet to show a stable advantage over classical calculation methods in terms of portfolio optimization, etc. In contrast, quantum computing poses a more pressing threat to existing cryptographic systems. Since the introduction of relevant cracking algorithms in 1994, breaking the existing encryption system has only required the hardware to mature. Experts estimate that quantum computers with cryptographics-related capabilities have a 28% to 49% chance of appearing within the next ten years. The report placed special emphasis on the security risks of “collect first, decrypt later”. Encrypted data currently intercepted and stored by attackers may be decrypted after quantum computers mature, posing a serious threat to financial data and government information that requires long-term secrecy. In the field of digital assets, risks have already been initially revealed. As of spring 2026, about 6 million bitcoins are at potential risk due to public key disclosure, which may affect stablecoins and tokenized assets. The Bank for International Settlements estimates that if the associated risk evolves into a systemic crisis, economic losses over the next 15 to 20 years could exceed 1% of global GDP. The report emphasizes that currently the private sector is mainly chasing commercial profits, and dealing with security threats is mostly carried out internally. Currently, only about 35% of large institutions have completed inventory inventories of crypto assets. Allianz suggests that financial institutions should not have a sense of luck. No matter when “Quantum Day” arrives, they must immediately establish an agile cryptographic architecture, prioritize completing asset inventory, formulating migration roadmaps, and testing backup plans to ensure the security and resilience of the financial system in the quantum era.

Germany's Allianz Group released its latest research report on the 2nd, stating that the potential threat of quantum computing to the global financial system may come before its commercial benefits. The report warns that with the improvement of quantum computing capabilities, existing cryptographic systems are at risk of failure, and the global financial industry needs to immediately begin defensive migration to cope with the “quantum day” that may arrive early. The report points out that the commercial value of quantum computing is currently mainly concentrated in complex financial simulation fields such as derivatives pricing, and has yet to show a stable advantage over classical calculation methods in terms of portfolio optimization, etc. In contrast, quantum computing poses a more pressing threat to existing cryptographic systems. Since the introduction of relevant cracking algorithms in 1994, breaking the existing encryption system has only required the hardware to mature. Experts estimate that quantum computers with cryptographics-related capabilities have a 28% to 49% chance of appearing within the next ten years. The report placed special emphasis on the security risks of “collect first, decrypt later”. Encrypted data currently intercepted and stored by attackers may be decrypted after quantum computers mature, posing a serious threat to financial data and government information that requires long-term secrecy. In the field of digital assets, risks have already been initially revealed. As of spring 2026, about 6 million bitcoins are at potential risk due to public key disclosure, which may affect stablecoins and tokenized assets. The Bank for International Settlements estimates that if the associated risk evolves into a systemic crisis, economic losses over the next 15 to 20 years could exceed 1% of global GDP. The report emphasizes that currently the private sector is mainly chasing commercial profits, and dealing with security threats is mostly carried out internally. Currently, only about 35% of large institutions have completed inventory inventories of crypto assets. Allianz suggests that financial institutions should not have a sense of luck. No matter when “Quantum Day” arrives, they must immediately establish an agile cryptographic architecture, prioritize completing asset inventory, formulating migration roadmaps, and testing backup plans to ensure the security and resilience of the financial system in the quantum era.