G7 Quantum Technologies Working Group

About the G7 Quantum Technologies Working Group

The QTWG was established in June 2025 following the G7 Leaders’ Kananaskis statement, which identified quantum technologies as a strategic priority.

It brings together central banks to develop a shared understanding of the implications of quantum technologies for the financial system, including both risks to data and communication security and emerging opportunities for financial and central banking activities.

The group conducts analytical work and exploratory initiatives focused on the assessment of risks and opportunities related to quantum technologies, and support informed dialogue, following a non-prescriptive approach, and coordination across jurisdictions in a context of evolving technological uncertainty.

QTWG Co-Chairs and members meet regularly to advance workstreams and exchange views on developments in the quantum landscape. The Co-Chairs report the group’s progress to the G7 Finance Ministers and Central Bank Governors.

G7 QTWG member organisations

The following organisations are members of the G7 QTWG:

• Canada
  • Bank of Canada
• France
  • Banque de France
• Germany
  • Deutsche Bundesbank
• Italy
  • Bank of Italy (Banca d'Italia)
• Japan
  • Bank of Japan
• United Kingdom
  • Bank of England
• United States
  • Federal Reserve Board of Governors
• European Union
  • European Central Bank

Fundamental elements

Fundamental elements are free and publicly available resources produced by the QTWG to help financial sector entities better understand quantum technologies related topics as agreed upon by a multilateral consensus.

• G7 central banks publish a first reference report on quantum technologies and their implications for the financial system
  • Quantum technologies have the potential to significantly impact the financial system, notably by challenging existing cryptographic foundations while enabling new capabilities in information processing. The G7 QTWG report provides a non-prescriptive analytical framework to help financial sector participants better understand these risks and opportunities, and to support a coordinated and forward-looking approach.