Quantum computing poses a dual threat to asset owners, presenting both immediate cybersecurity risks and long-term competitive challenges. The "harvest now, decrypt later" approach allows attackers to collect encrypted data now, intending to decrypt it once quantum computing capabilities advance, emphasizing the need for asset owners to assess their custodians, vendors, and counterparties' migration to post-quantum cryptography standards. Major financial institutions, such as JPMorgan Chase and Goldman Sachs, are already taking steps to address these risks. The urgency to adopt post-quantum cryptography (PQC) is increasing due to rapid advancements in quantum technology, narrowing the timeline for cryptographic migration1. As a result, asset owners must prioritize PQC planning to mitigate potential threats. The implications of quantum computing on asset security and competitiveness are significant, making it essential for practitioners to stay informed about the latest developments and take proactive measures to protect their assets.