Institutional Exposure

Custody exposure note

Institutional programmes with custody exposure through these providers:

BlackRock (BUIDL via Securitize/Fireblocks), Franklin Templeton (BENJI), Hamilton Lane (via Securitize), JPMorgan (Onyx), Standard Chartered (via Zodia Custody), HSBC (Orion), Citi (Token Services), BNY Mellon, Goldman Sachs (DAP), DBS, Circle (USDC), Tether (USDT), Paxos, PayPal (PYUSD), Visa, Fidelity, Apollo, KKR. Our public-source review did not identify a disclosed end-to-end post-quantum custody migration roadmap. See the Already Broken report and Post-Quantum Exposure Map.

EO 14412 accelerates the PQC clock: 2030 for key establishment and FIPS compliance, 2031 for authentication/signatures, and CBOM minimum elements due within 270 days.

A post-quantum control layer for the custody stack you already use

Existing custody stack MPC, HSM, Safe, policy engine
Approval request
EternaX PQ authorization layer
PQ Custody SDK + SLH-DSA approvals
No re-platformingNo asset migration
Authorized execution
Protected asset movement PQ Vault for EVM + cross-chain custody controls
Try dual-gate custody on testnet

EternaX is not a custodian. It is designed to integrate underneath existing MPC, HSM, and Safe-style EVM custody to make authorization post-quantum safe using SLH-DSA / SPHINCS+ (NIST FIPS 205), without custody re-platforming, chain migration, or asset movement. Custody providers integrate the PQ Custody SDK into their stack; institutions gain PQ-safe custody authorization without changing providers, workflows, or asset venues. Built for banks, asset managers, tokenization platforms, stablecoin issuers, protocol foundations, and regulated custodians.

Hash-based threshold signatures are not a practical drop-in path for institutional custody. EternaX avoids thresholding SLH-DSA / SPHINCS+ entirely. Members sign ordinary SLH-DSA / SPHINCS+ approval envelopes; threshold authorization is enforced separately through a Shamir-shared seal. That separation is cryptographic agility for custody: Gate 1 can rotate to a future NIST-approved signature scheme without redesigning the threshold layer. Formal specification (arXiv).

MPC + HSM + Safe

  • Architecturally compatible with MPC custody stacks: Fireblocks, BitGo, Copper, Anchorage, Zodia, Hex Trust.
  • Works alongside HSM signing infrastructure: Thales Luna, Utimaco, Securosys, Futurex.
  • Extends to Safe-style EVM smart accounts without custody provider replacement or vendor lock-in.
  • Custody providers integrate the SDK; institutions benefit without changing workflows.

Dual-gate architecture paper (arXiv) · GitHub

Key Rotation, Not Rebuild

ECDSA to SLH-DSA / SPHINCS+ becomes key rotation, not custody-stack redesign. Mixed ECDSA/PQ quorums support staged migration. Crypto-agility means future scheme changes stay key-rotation events, not platform rebuilds. No flag day required.

SDK + Vault Bundle

PQ Custody SDK is designed to harden custody signing and approvals across all chains. PQ Vault adds Ethereum/EVM on-chain asset authorization protection. Once a custody provider integrates, the institution's custody signing, stored key material, and on-chain asset movement are covered.

Why SLH-DSA / SPHINCS+ is the conservative institutional choice

For high-value custody, scheme choice is a risk-assumption decision, not a speed contest.

Property SLH-DSA / SPHINCS+
NIST FIPS 205 (Finalized)
ML-DSA / CRYSTALS-Dilithium
NIST FIPS 204 (Finalized)
FN-DSA / Falcon
NIST FIPS 206 draft
Security relies onHash-function securityConservative, well-studied, no algebraic structure.Module-LWE + SISStrong NIST standard, newer lattice assumptions.NTRU latticesCompact, but implementation-sensitive.
Implementation riskLowHash operations are easier to implement safely.ModerateRequires careful constant-time polynomial arithmetic.HighFloating-point or integer emulation risk.
NIST statusFinalizedFinalizedDraft
Custody fitConservative choiceBest risk-adjusted fit for rare, high-value authorization.Efficient general-purpose optionBetter where speed matters more than assumption conservatism.Compact, but complexLess natural for conservative custody assurance.

Ethereum's own PQ direction validates the hash-based path. Lean Ethereum research is moving toward hash-based primitives for quantum resistance, including hash-based validator signatures and STARK-based commitments. EternaX applies the same conservative logic to custody today through SLH-DSA / SPHINCS+ (NIST FIPS 205).

De-risked migration path for custody providers

Integration is phased and incremental across all three custody types. Start with existing ECDSA signing to validate the authorization layer, then rotate to SLH-DSA when ready. No big-bang migration. No flag day. No custody-stack redesign. The same cryptographic agility that enables staged ECDSA-to-SLH-DSA rotation also keeps a path open for later NIST-approved schemes.

Phase 0: Today

MPC: Threshold ECDSA. Business as usual.

HSM: ECDSA/EdDSA via hardware signing. Standard firmware.

Safe: ECDSA multisig on-chain. Standard owner/threshold model.

Phase 1: Validate with ECDSA

MPC: Integrate dual-gate authorization with existing ECDSA signing. Zero PQ commitment yet. Prove the authorization layer. See paper.

HSM: Validate SLH-DSA compatibility through the standard sign API. Test with existing ECDSA keys first.

Safe: Integrate PQ verifier guard and ERC-1271 contract. Validate PQ policy coverage across execution paths.

Phase 2: Rotate to SLH-DSA

MPC: Member authentication keys rotate to SLH-DSA. Authorization layer, policy engine, and audit pipeline unchanged.

HSM: HSM signing keys rotate to SLH-DSA / SPHINCS+ (NIST FIPS 205) when firmware supports it. Same sign API, PQ-safe output.

Safe: PQ policy enforcement covers all execution and configuration paths. PQ-safe custody authorization is live on-chain.

Versus the paths custody providers are already weighing

PathWhat it costs
Wait for threshold ML-DSAUnknown timeline. Full MPC custody-stack rebuild when it ships. Does not help HSM or Safe custody at all.
MPC-over-hash (non-black-box)Research-grade. Not a shipping product for institutional MPC custody.
Plain t-of-n SLH-DSA multisigDowngrade for MPC: lose below-threshold secrecy and share refresh. For Safe: still needs PQ policy enforcement across all execution paths, which a basic multisig count does not provide.
HSM firmware upgrade onlyAddresses the HSM signing primitive but does not solve MPC threshold authorization, Safe smart-account policy enforcement, or on-chain asset authorization (PQ Vault).
EternaX PQ Custody SDK + PQ VaultCovers MPC (dual-gate authorization), HSM (standard sign API, key rotation), and Safe (ERC-1271 PQ verifier, policy guards). Plus PQ Vault for EVM on-chain asset authorization. One integration path across all three custody types.

What becomes PQ-safe in the stack you already run

EternaX hardens the custody and authorization layers that institutions can upgrade today, without waiting for base-layer protocol changes.

Scope of protection: Ethereum/EVM can reach 3 of 4 protected layers with PQ Custody SDK + PQ Vault. Solana, Canton, and Stellar can harden custody controls today, while native transaction authorization and consensus remain residual chain-level risks.

Quantum Risk Layer Current State
Without EternaX
Ethereum
+ EternaX
PQ Custody SDK + PQ Vault
Solana
+ EternaX
Canton
+ EternaX
Stellar
+ EternaX
On-chain transaction authorization
Can a quantum attacker forge a transaction signature and move your assets on-chain?
Vulnerable PQ-SafePQ Vault: EIP-4337 + SLH-DSA / SPHINCS+ verification via SHA-256 precompile Vulnerable1,232-byte tx limit cannot fit SPHINCS+ signatures; no AA framework VulnerableNo EVM, no AA, namespace root tied to pre-quantum signing keys VulnerableEd25519 protocol requirement; Soroban resource limits
Stored key material
Can a quantum attacker decrypt custody keys or backup shares harvested today?
Vulnerable PQ-SafePQ Custody SDK PQ-SafePQ Custody SDK PQ-SafePQ Custody SDK PQ-SafePQ Custody SDK
Custody approval workflows
Can a quantum attacker forge a signer's approval in your MPC quorum, HSM ceremony, or smart-account authorization path?
Vulnerable PQ-SafePQ Custody SDK + PQ smart-account policy for Safe-style EVM custody PQ-SafePQ Custody SDK (custody workflow layer) PQ-SafePQ Custody SDK (custody workflow layer) PQ-SafePQ Custody SDK (custody workflow layer)
Chain consensus and validators
Can a quantum attacker forge validator signatures and rewrite transaction history?
Vulnerable VulnerableBLS12-381 across ~1M validators; Ethereum's own PQ upgrade is a multi-year, 7-fork roadmap VulnerableEd25519 baked into runtime at every layer VulnerableSynchronizer scheme gate blocks partial cryptographic upgrade VulnerableSCP uses Ed25519 for quorum authentication
PQ-Safe 0 / 4 3 / 4 2 / 4 2 / 4 2 / 4

Institutional stacks: Designed to sit alongside existing custodians, Safe-style smart accounts, MPC policy engines, and HSM-controlled signing environments.

Ethereum/EVM: PQ Vault uses EIP-4337 Account Abstraction + SHA-256 precompile (0x02). Gas cost is approximately 1.4M to 3M depending on SPHINCS+ parameter set. The Ethereum column applies to all EVM-compatible chains: Arbitrum, Base, Optimism, Polygon, Avalanche, and other EVM L2s.

Safe-style custody: PQ policy must cover normal executions and privileged configuration paths. Unguarded ECDSA-only or EdDSA-only paths remain residual configuration risk.

Non-EVM chains: EternaX hardens custody controls today, but native transaction authorization and consensus require chain-level upgrades. For a detailed analysis of why these chains cannot upgrade their immutable contract and consensus layers, see the Non-Upgradeable Chains and DeFi Exposure Report.

Your custodian stays. Your Safe stays. Your chain stays. Your assets stay. EternaX is the PQ custody authorization layer your custody provider can integrate today.

Outcomes by stakeholder

For the CTO

No custody re-platforming required. Your MPC coordination, HSM infrastructure, and Safe-style EVM workflows stay in place. Your custody provider integrates EternaX's PQ authorization layer underneath their existing stack.

For the CISO / CRO

A defensible PQ risk posture before the compliance clock tightens. Once your custody provider integrates, PQ Custody SDK + PQ Vault can protect custody signing, key material, and on-chain authorization on EVM chains, while documenting residual consensus risk for the risk register.

For the CFO

One pilot, not a re-platforming program. The 90-day pilot validates PQ Custody SDK integration with your custody provider's stack. Mixed ECDSA/PQ quorums support staged migration with controlled operational change.

90-day custody readiness pilot

Get your PQ custody readiness map before the compliance clock tightens

Run a 90-day EternaX pilot with your custody provider. Map your MPC, HSM, Safe-style, and chain-level quantum exposure, validate PQ Custody SDK integration, document residual risks, and produce a CBOM-ready custody upgrade plan without replacing your custodian or moving assets.

For banks, asset managers, tokenization platforms, stablecoin issuers, protocol foundations, and regulated custodians preparing for EO 14412, CBOM, and post-quantum risk committee review.

Further reading for risk committees and technical diligence

Published Papers

Institutional Reports

Frequently Asked Questions

Institutional due diligence and technical reference.

What is post-quantum custody and why do institutions need it?

Post-quantum custody replaces the pre-quantum signatures used in institutional custody stacks, including ECDSA and EdDSA, with quantum-resistant algorithms, specifically SLH-DSA / SPHINCS+ (NIST FIPS 205). Institutions need it because a sufficiently powerful quantum computer can derive private keys from exposed ECDSA or EdDSA public keys, forge signatures, and authorize asset transfers without accessing custody infrastructure. Executive Order 14412 accelerates the post-quantum compliance clock for high-value systems and covered infrastructure. EternaX's PQ Custody SDK is designed to integrate into existing MPC-based, HSM-based, and EVM smart-contract custody architectures so that custody providers can make custody signing, custody approvals, and smart-account authorization quantum-durable without replacing the custody platform.

Where do Ethereum, Solana, Canton, and Stellar break under quantum attack?

Ethereum and EVM chains break at exposed EOA public keys: once an account has sent a transaction, a quantum attacker could derive the private key and forge asset movement. Solana breaks at native Ed25519 transaction authorization and runtime-level signing assumptions. Canton breaks at participant identity, namespace authority, and contract relationships that depend on pre-quantum signing roots. Stellar breaks at Ed25519 account authorization and quorum authentication. EternaX can harden custody signing and approval workflows across all four rails, and can add Ethereum/EVM on-chain authorization protection through PQ Vault. Native authorization and consensus on Solana, Canton, and Stellar remain chain-level upgrade problems.

Which parts can EternaX make post-quantum safe today?

EternaX can make custody signing, custody approval workflows, and Safe-style EVM policy controls post-quantum safe when integrated by the custody provider. On Ethereum and EVM-compatible chains, PQ Vault can also protect on-chain asset authorization by requiring post-quantum verification before assets move. On Solana, Canton, and Stellar, EternaX hardens the custody control layer today, while native transaction authorization and consensus remain residual chain-level risks until those networks complete their own cryptographic upgrades.

Does EternaX replace my custody provider?

No. EternaX does not compete with custody providers such as Fireblocks, Zodia Custody, Anchorage Digital, BitGo, Copper, or Hex Trust, and does not replace internal HSM key management systems or Safe-style smart-account treasury workflows. EternaX provides the post-quantum authorization layer that custody providers can integrate underneath their existing architecture. The custody platform, operational workflows, and compliance integrations remain unchanged. The cryptographic primitives and authorization controls upgrade from pre-quantum-only ECDSA or EdDSA assumptions to SLH-DSA / SPHINCS+ (NIST FIPS 205) enforced controls once the custody provider completes integration.

Which custody providers and institutional stacks can EternaX work alongside?

EternaX is designed for environments that use MPC custody, HSM signing infrastructure, and Safe-style EVM smart accounts. That includes architectures operated through providers such as Fireblocks, BitGo, Copper, Anchorage Digital, Zodia Custody, Hex Trust, Safe, Thales, Utimaco, Securosys, and Futurex. This is not a claim of partnership, certification, or active integration with those providers. The point is architectural compatibility: EternaX's PQ Custody SDK is built so that custody providers can integrate a post-quantum authorization layer underneath their existing controls rather than requiring the institution to replace the custodian, workflow, compliance stack, or asset venue.

Does EternaX work with HSM-based custody or only MPC?

EternaX's PQ Custody SDK is architecturally compatible with both MPC-based and HSM-based custody stacks. The dual-gate architecture abstracts individual participant authentication and threshold group authorization above the specific hardware layer. It is designed to integrate with MPC coordination protocols used by providers like Fireblocks and BitGo as well as HSM hardware environments from Thales Luna, Utimaco, Securosys, and Futurex. Institutions running on-premise HSM infrastructure can benefit from the PQ Custody SDK without switching to MPC once their custody provider completes integration. The protocol requires only an ordinary signature over the contribution envelope, so any device exposing a standard sign API can participate directly.

Does EternaX support multisig or smart-contract custody such as Safe?

Yes, for EVM smart-contract custody, including Safe-style multisigs, EternaX can add a post-quantum authorization layer without moving assets or changing chains. The precise mechanism is not to claim that every Safe is automatically PQ-safe. The correct model is ERC-1271-compatible PQ verifier contracts and policy guards that require SLH-DSA / SPHINCS+ authorization before asset movement or privileged account changes execute. For institutional deployments, EternaX treats Safe configuration as part of the risk boundary: owner changes, threshold changes, guard changes, fallback-handler changes, module enablement, and module transactions must be covered by PQ policy enforcement. Where a Safe retains ECDSA-only execution paths, those paths are documented as residual configuration risk.

Is making my custody PQ-safe enough to protect institutional assets on Ethereum?

No. Making your custody PQ-safe protects two of four quantum risk layers: stored key material and custody approval workflows. Assets on Ethereum remain vulnerable to on-chain transaction forgery, where a quantum adversary derives the private key from the public key exposed in any prior Ethereum transaction and forges a valid ECDSA signature to move assets without touching the custody stack. Protecting this third layer requires PQ Vault on Ethereum, an EIP-4337 Account Abstraction smart contract that enforces SPHINCS+ signature verification on-chain. EternaX provides PQ Custody SDK and PQ Vault as one bundle because neither product alone creates a defensible institutional risk posture.

What is PQ Vault on Ethereum and how does it work?

PQ Vault is an EIP-4337 Account Abstraction smart contract on Ethereum that replaces ECDSA signature verification with SPHINCS+ verification using Ethereum's existing SHA-256 precompile at address 0x02. Institutional assets held inside a PQ Vault contract require a valid SPHINCS+ signature for every transaction authorization. A quantum adversary who derives the underlying EOA private key cannot move the assets because the PQ Vault contract, not the EOA, controls authorization. Gas cost is approximately 1.4M to 3M gas depending on SPHINCS+ parameter set. No Ethereum protocol upgrade is required for deployment.

Which quantum risk layers remain vulnerable on EVM chains after deploying PQ Custody and PQ Vault?

After deploying both PQ Custody SDK and PQ Vault, three of four quantum risk layers are PQ-safe on EVM chains: on-chain transaction authorization, stored key material, and custody approval workflows. The fourth layer, the chain consensus mechanism (validator signatures, attestation, block proposal signing, and finality), remains vulnerable because it requires the chain itself to upgrade. This residual vulnerability should be documented clearly in the institution's risk register because it cannot be remediated externally by a custody-layer integration.

Why can't PQ Vault be deployed on Solana, Canton, or Stellar?

PQ Vault requires three architectural preconditions: programmable smart contracts with custom verification logic, an Account Abstraction mechanism to separate asset authorization from the native signature scheme, and sufficient computational budget for SPHINCS+ verification. Solana's hard 1,232-byte transaction size limit cannot accommodate SPHINCS+ signatures (7,856 bytes minimum for SPHINCS+-SHA2-128s). Canton is not EVM-compatible, has no Account Abstraction, and its namespace identity root is structurally tied to pre-quantum signing keys, meaning the identity layer cannot be PQ-upgraded without re-establishing every contract relationship across the participant graph. Stellar's Ed25519 protocol-level requirement and Soroban resource limits prevent deployment. On these chains, EternaX makes the custody control layer PQ-safe through PQ Custody SDK, while on-chain transaction authorization and consensus-layer risks remain residual chain-level vulnerabilities.

How does EternaX compare to Ethereum's own PQ upgrade plans?

Ethereum's native PQ upgrade faces structural barriers that an external custody-layer integration cannot control. Ethereum's immutable contract corpus (ERC-2612 Permit, WETH9, Uniswap, Aave, Compound) is frozen on ECDSA. Ethereum's address derivation uses keccak256 of the ECDSA public key. Ethereum's consensus uses BLS signatures across approximately 1 million validators. Upgrading these layers requires coordinated protocol and ecosystem changes. EternaX therefore focuses on what can be hardened today inside the institution's current operating model: custody signing, custody approvals, and EVM asset authorization through PQ Vault, without requiring a chain change.

Why does EternaX use SLH-DSA / SPHINCS+ (NIST FIPS 205) instead of ML-DSA / CRYSTALS-Dilithium (NIST FIPS 204) or FN-DSA / Falcon (NIST FIPS 206 draft) for custody?

Because institutional custody needs conservative cryptographic assumptions, not only fast signatures. NIST finalized three post-quantum signature standards. SLH-DSA / SPHINCS+ (NIST FIPS 205) is hash-based: its security relies solely on hash function security, the most conservative and well-studied assumption in cryptography with over 30 years of analysis. ML-DSA / CRYSTALS-Dilithium (NIST FIPS 204) relies on lattice hardness (Module-LWE), a newer mathematical assumption with active research into lattice attacks. FN-DSA / Falcon (NIST FIPS 206 draft) requires complex constant-time floating-point or integer emulation, creating higher implementation and side-channel risk. For rare, high-value custody operations where billions in assets are at stake, the conservative security foundation of hash-based SLH-DSA outweighs the compact signature sizes of lattice-based alternatives. Ethereum's own Lean Ethereum roadmap (Vitalik Buterin, February and July 2026) also selects hash-based cryptography (leanXMSS, STARKs) for its post-quantum future, confirming the conservative hash-based approach. EternaX's dual-gate architecture avoids thresholding SLH-DSA / SPHINCS+ itself: members sign ordinary SLH-DSA approval envelopes, while threshold authorization is enforced separately through a Shamir-shared seal.

What is the best post-quantum signature scheme for institutional custody?

For rare, high-value institutional custody authorization, EternaX treats SLH-DSA / SPHINCS+ as the conservative choice. SLH-DSA / SPHINCS+ (NIST FIPS 205) is NIST's stateless hash-based digital signature standard, so its security rests on hash-function assumptions rather than lattice assumptions or floating-point implementation complexity. ML-DSA / CRYSTALS-Dilithium (NIST FIPS 204) is a strong general-purpose NIST standard and may be appropriate where speed and compactness matter more. FN-DSA / Falcon (NIST FIPS 206 draft) is compact but more implementation-sensitive and remains a draft standard. For custody, where operations are lower-frequency but high-value, conservative hash-based assurance is the better risk-adjusted profile. Dual-gate custody preserves crypto-agility so future NIST-approved schemes can be adopted as Gate 1 member authentication without redesigning threshold authorization.

What is cryptographic agility in post-quantum custody?

Cryptographic agility — also called crypto-agility — is the ability to replace signature algorithms, parameters, keys, and modules without rebuilding the custody platform. In EternaX dual-gate custody, members authenticate with ordinary SLH-DSA / SPHINCS+ signatures at Gate 1, while Gate 2 enforces threshold authorization through a signature-agnostic seal. That separation lets institutions anchor on the most conservative NIST standard today and rotate Gate 1 to future approved schemes later without another MPC protocol redesign.

Can my existing custody provider add SLH-DSA / SPHINCS+ (NIST FIPS 205) support without EternaX?

Yes, a custody provider can eventually add ordinary SLH-DSA / SPHINCS+ (NIST FIPS 205) signing support. But ordinary SLH-DSA / SPHINCS+ (NIST FIPS 205) support does not automatically solve MPC-style threshold custody, because hash-based threshold signatures are not a practical drop-in replacement for threshold ECDSA in institutional custody (see the Post-Quantum MPC Custody Crisis 2026 report for the full analysis across 15 providers, and the dual-gate architecture paper (arXiv) for the formal specification). EternaX solves the harder authorization problem by not thresholding SLH-DSA at all. Members sign ordinary SLH-DSA / SPHINCS+ approval envelopes, while threshold authorization is enforced separately through a Shamir-shared seal. That is the difference between adding a post-quantum signature primitive and making distributed custody authorization post-quantum safe.

What is EO 14412 and what does it mean for institutional custody?

Executive Order 14412 accelerates the post-quantum compliance clock for high-value systems and covered infrastructure, creating transition pressure around 2030 for key establishment and FIPS compliance, and around 2031 for authentication and signature migration. The order also pushes Cryptographic Bill of Materials (CBOM) readiness by requiring minimum CBOM elements to be defined within 270 days. NIST finalized the SLH-DSA / SPHINCS+ standard (NIST FIPS 205) in August 2024. Institutions that have not begun a PQ custody upgrade face regulatory, fiduciary, and operational-risk scrutiny.

How does Canton Network compare to EternaX for institutional custody?

Canton Network cannot support a PQ Vault equivalent because Canton is not EVM-compatible, does not have Account Abstraction, and does not have a SHA-256 precompile path for SPHINCS+ verification. Canton's DAML smart contract language and Synchronizer architecture are proprietary, and its namespace identity root is structurally tied to pre-quantum signing keys, meaning the identity layer cannot be PQ-upgraded without re-establishing every contract relationship and domain registration across the participant graph. The Synchronizer scheme gate makes partial cryptographic upgrades operationally difficult because each bilateral sync requires both counterparties on compatible cryptographic schemes. For institutions on Canton, EternaX can harden the custody control layer through PQ Custody SDK, while the remaining on-chain and consensus-layer risks should be explicitly documented as residual chain-level vulnerabilities. This preserves the institution's current operating model rather than forcing a chain change.

Can I protect existing Ethereum/EVM assets today without migrating?

Yes, once your custody provider integrates EternaX's PQ Custody SDK, your existing MPC or HSM custody stack gains PQ-safe authorization, and EVM assets can be wrapped in PQ Vault to make three of four quantum risk layers PQ-safe, with no chain change required. Your custody provider, workflows, compliance stack, and asset venue remain unchanged. The integration is between EternaX and your custody provider; the institution benefits from PQ-safe custody without re-platforming.

What is the pilot process for PQ custody integration?

EternaX offers a 90-day integration pilot covering PQ Custody SDK integration with your custody provider's MPC or HSM stack, PQ smart-account authorization review for Safe-style EVM accounts where applicable, and PQ Vault deployment for on-chain asset protection on EVM chains via EIP-4337 Account Abstraction with SPHINCS+ verification. The pilot is conducted jointly with the custody provider and the institution. It includes integration engineering support, quantum risk layer documentation, residual vulnerability reporting, smart-account configuration risk review, and a post-pilot compliance readiness assessment aligned to EO 14412 and CBOM disclosure requirements. For complete solution architecture and pilot scoping, email info@eternax.ai.

Which institutional digital asset programmes should assess post-quantum custody exposure?

Institutional programmes involving tokenized funds, stablecoins, transfer-agent signing, MPC policy engines, HSM-controlled keys, Safe-style treasury accounts, and Ethereum/EVM on-chain authorization should assess post-quantum custody exposure. Relevant examples include BlackRock BUIDL, Franklin Templeton BENJI, Hamilton Lane tokenized funds, JPMorgan Onyx, Standard Chartered and Zodia Custody, HSBC Orion, Citi Token Services, BNY Mellon, Goldman Sachs DAP, DBS, Circle USDC, Tether USDT, Paxos, PayPal PYUSD, Visa, Fidelity, Apollo, and KKR. The question is not whether these institutions are negligent. The question is whether their custody, transfer-agent, smart-account, and on-chain authorization paths still depend on ECDSA, Ed25519, BLS, MPC key shares, or HSM signing controls that are not yet post-quantum safe. EternaX's Post-Quantum Exposure Map and Already Broken report are designed to help institutions assess this exposure defensibly.

Why should tokenized funds like BlackRock BUIDL assess post-quantum custody exposure?

Tokenized funds like BlackRock BUIDL should assess post-quantum custody exposure because tokenized fund operations can depend on multiple authorization layers: custodian signing, transfer-agent controls, administrator keys, smart-contract permissions, and Ethereum/EVM transaction authorization. Where those layers rely on ECDSA, Ed25519, MPC key shares, HSM-controlled signing, or exposed EOA public keys, a future quantum-capable attacker could create transaction-forgery or authorization-forgery risk. This does not require claiming that BUIDL is uniquely vulnerable or poorly managed. It means tokenized funds are exactly the kind of high-value institutional asset class that should map PQ exposure now, document residual risks, and define a migration path toward SLH-DSA / SPHINCS+ (NIST FIPS 205) custody authorization where deployable.