Securing digital assets for the post-quantum era
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Project Eleven Launches Strongpoint for Post-Quantum Custody with Zcash Foundation as Initial Development Partner
Zcash Foundation joins Project Eleven to shape institutional custody infrastructure for the post-quantum and AI era as more than $1 trillion in digital assets remain at risk of attack by sufficiently powerful quantum computers.
Project Eleven, the post-quantum security company for digital assets, today introduced Strongpoint, its flagship custody platform built for navigating the transition to post-quantum cryptography. @ZcashFoundation joins Project Eleven as an initial development partner, helping shape Strongpoint’s institutional custody architecture.
Strongpoint is designed to give institutions a consistent control layer for securing and managing digital assets as networks change the cryptographic standards underneath them. Rather than rebuilding key-management, transaction approval, and audit infrastructure for each new signature scheme or network migration, institutions can maintain a common set of security controls while the underlying cryptography evolves.
“Institutional digital asset custody was built for a world where the cryptography underneath it rarely changed,” said Alex Pruden, CEO of Project Eleven. “Quantum computing is upending that model. If every network adopts a different solution, institutions could be forced to rebuild their security infrastructure again and again. Strongpoint is built around crypto-agility, so the cryptography can change without the infrastructure changing with it.”
“Institutions holding shielded ZEC need custody infrastructure that respects Zcash’s privacy model today and can adapt as cryptographic standards change,” said Alex Bornstein, Executive Director of Zcash Foundation. “Project Eleven is building Strongpoint with the crypto-agility and technical foundation needed to support those requirements over time, helping strengthen custody infrastructure for the broader ecosystem.”
Zcash Foundation Joins as an Initial Development Partner
Zcash Foundation joins as an initial development partner for Strongpoint, bringing its expertise in privacy-preserving cryptography and protocol engineering to Strongpoint’s institutional custody architecture. Zcash’s privacy-preserving design introduces sophisticated key-management and transaction requirements, making it a valuable environment for developing custody infrastructure capable of supporting evolving cryptographic standards.
The collaboration will help inform how Strongpoint handles network-specific requirements while maintaining a consistent institutional control framework across assets and cryptographic schemes.
Post-Quantum Migrations Are Taking Different Paths
The digital asset industry’s post-quantum transition is becoming a coordination challenge. Among the networks represented by the 20 largest assets in CoinGecko’s Layer 1 (L1) category by market capitalization, Project Eleven found that only 10 have published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography.
Those approaches span at least six proposed post-quantum signature schemes and vary significantly in how they address account migration, key rotation and legacy-asset recovery. Even where technical roadmaps exist, operational readiness remains uneven, leaving institutions to navigate different standards and requirements across networks.
For institutions operating across multiple networks, that fragmentation means accommodating different cryptographic standards and migration requirements without losing a consistent security model. Strongpoint is designed to provide that common operating layer while allowing the cryptography beneath it to change independently.
Early Access and Deployment
Project Eleven targets production deployment in Q4 2026 and is working with a limited group of development partners ahead of general availability. Additional development partners and supported networks will be announced. Institutions interested in early access can request more information at projecteleven.com/strongpoin….
Founded in 2024 by Alex Pruden and Conor Deegan, Project Eleven raised a $20 million Series A led by Castle Island Ventures in January 2026, bringing its total funding to $26 million. The company recently acquired Riva Labs, a specialized engineering firm with deep expertise in post-quantum signatures, wallet infrastructure and blockchain cryptography, expanding Project Eleven’s in-house research and protocol-engineering capabilities.
Methodology: Project Eleven reviewed the 20 largest assets in CoinGecko’s Layer 1 (L1) category by market capitalization on September 25, 2026. A network was counted only where an official network organization, foundation, core development team or recognized protocol-improvement process had published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography. General research programs, statements of intent and post-quantum work that did not specify such a migration path were not counted. Draft technical proposals were included and do not imply network approval or adoption.
Project Eleven retweeted
Livestream TODAY w/ Alex Pruden, founder & CEO of @projecteleven.
WILL QUANTUM NUKE OUR BAGS?
How real is the quantum threat to Bitcoin? How much time do we have? And can crypto upgrade before it’s too late?
Questions will be answered. Tap in.
When: 2PM ET
Where: @heybeluga
We've reached a critical moment in the history of internet security.
Security can no longer be something we hand-wave away or simply assume is working.
Not just PHP. Node.js has also announced security releases for October 21, with HIGH-severity vulnerabilities affecting its 26.x, 24.x and 22.x release lines.
If you run either stack in production, keep an eye on official advisories and apply patches promptly.
Security maintenance doesn't stop at your application code. Your runtime matters too.
Node.js advisory: nodejs.org/en/blog/vulnerabi…
PHP is used by nearly 70% of websites where the server-side language is known.
Today it patched 2 critical vulnerabilities rated 9.2/10 that can allow unauthenticated remote code execution.
We have a huge security problem. The impending quantum transition adds another one.
Effective Immediately, all organizations using PHP for their systems are advised to be prepared for an update addressing two critical vulnerabilities. PHP is widely used for web applications. These vulnerabilities often provide a direct path to the server's file system or database. If an immediate update is not feasible, it is recommend that organizations take the system offline until it can be fully mitigated. NSA will follow up shortly with more specific guidance.
Quantum risk is coming for crypto. The insurance industry is starting to pay attention.
Project Eleven and Relm Insurance Partner to Explore Quantum Risk in Digital Asset Insurance
The first partnership to explore post-quantum security as a factor in pricing digital asset insurance.
Project Eleven, the post-quantum security company for digital assets, today announced Relm Insurance as a development partner for Strongpoint, its flagship institutional custody product. The collaboration will explore how an institution’s post-quantum security controls could be evaluated within digital asset insurance underwriting, helping both companies better understand how quantum readiness may influence future assessments of digital asset risk.
As quantum computing advances, a sufficiently powerful machine could derive private keys from exposed public keys and compromise digital assets. Institutions need custody infrastructure capable of adapting its cryptography before such a machine becomes available. Strongpoint is built for that transition. The platform combines classical and post-quantum signing and separates institutional controls from the cryptography layer, enabling institutions to replace signing algorithms while preserving approval rules and audit history.
“Every institution holding digital assets will eventually need to prepare for post-quantum cryptography. The open question is whether that transition happens on the institution’s schedule or under pressure,” said Alex Pruden (@apruden08), CEO and Co-Founder of Project Eleven. “Insurance plays a critical role in how markets assess and manage risk. We believe there is an opportunity for institutions that invest in stronger post-quantum defenses to eventually see that reflected in how their risk is evaluated. Working with Relm is an important first step toward understanding what that could look like in practice.”
Exploring Post-Quantum Risk in Insurance Underwriting
Through the development partnership, @RelmInsurance and Project Eleven will explore how post-quantum security could be assessed within existing digital asset insurance frameworks. Areas of investigation include key exposure, signing systems, transaction approvals, migration readiness, and third-party dependencies.
Relm will also provide input into the design and development of Strongpoint, helping Project Eleven understand how institutional custody infrastructure can better support insurance underwriting and risk assessment. This collaboration will help inform Strongpoint’s approach to security controls, auditability, and the evidence institutions may need to demonstrate their post-quantum readiness to insurers.
Joseph Ziolkowski, founder and CEO of Relm Insurance, said, “Insuring exposures across the digital asset ecosystem requires underwriters to anticipate how risks will evolve. Quantum computing is a clear example of an emerging threat that should shape the way we assess risk today. Our work with Project Eleven will explore how institutions identify their exposure, demonstrate effective controls, and prepare for the transition to post-quantum readiness. Bringing underwriting expertise into that process early can help lay the groundwork for insurance solutions that support confidence, resilience, and continued growth in digital assets.”
The collaboration is exploratory, with a focus on developing a shared understanding of post-quantum risk and the controls that could help mitigate it. Any future implications for underwriting or insurance premiums would be subject to further evaluation and Relm’s independent underwriting processes.
Institutions can learn more about Strongpoint at projecteleven.com/strongpoin….
Project Eleven retweeted
For too many people, quantum risk is still abstract. Our new partnership with @RelmInsurance is a first step toward putting an actual *price* on it.
Digital asset insurance underwriting includes, among other things, an assessment of the security and cryptographic protocols protecting client funds. Relm is joining as a development partner for Strongpoint, our @projecteleven custody solution , and together we'll explore how post-quantum controls (key exposure, signing systems, migration readiness) could factor into that assessment.
That creates an incentive on both sides of the market.
For protocols: a chain without a credible path to post-quantum cryptography will become harder and more expensive to custody and insure. Protocols that want institutional adoption should be making that transition now (many are).
For institutions: those that aren't preparing for post-quantum cryptography, or that hold assets on chains with no migration path, should be *economically* riskier to insure than those that are. Their wallets (many of them on display here: bitcoin-risq-list.projectele…) may end up being among the first targets of quantum attack.
Every protocol and institution in digital assets will eventually need to make the post-quantum transition. The open question is whether it happens on their own schedule or under pressure.
Broader financial adoption and better insurance terms are two good reasons to start now.
Project Eleven and Relm Insurance Partner to Explore Quantum Risk in Digital Asset Insurance
The first partnership to explore post-quantum security as a factor in pricing digital asset insurance.
Project Eleven, the post-quantum security company for digital assets, today announced Relm Insurance as a development partner for Strongpoint, its flagship institutional custody product. The collaboration will explore how an institution’s post-quantum security controls could be evaluated within digital asset insurance underwriting, helping both companies better understand how quantum readiness may influence future assessments of digital asset risk.
As quantum computing advances, a sufficiently powerful machine could derive private keys from exposed public keys and compromise digital assets. Institutions need custody infrastructure capable of adapting its cryptography before such a machine becomes available. Strongpoint is built for that transition. The platform combines classical and post-quantum signing and separates institutional controls from the cryptography layer, enabling institutions to replace signing algorithms while preserving approval rules and audit history.
“Every institution holding digital assets will eventually need to prepare for post-quantum cryptography. The open question is whether that transition happens on the institution’s schedule or under pressure,” said Alex Pruden (@apruden08), CEO and Co-Founder of Project Eleven. “Insurance plays a critical role in how markets assess and manage risk. We believe there is an opportunity for institutions that invest in stronger post-quantum defenses to eventually see that reflected in how their risk is evaluated. Working with Relm is an important first step toward understanding what that could look like in practice.”
Exploring Post-Quantum Risk in Insurance Underwriting
Through the development partnership, @RelmInsurance and Project Eleven will explore how post-quantum security could be assessed within existing digital asset insurance frameworks. Areas of investigation include key exposure, signing systems, transaction approvals, migration readiness, and third-party dependencies.
Relm will also provide input into the design and development of Strongpoint, helping Project Eleven understand how institutional custody infrastructure can better support insurance underwriting and risk assessment. This collaboration will help inform Strongpoint’s approach to security controls, auditability, and the evidence institutions may need to demonstrate their post-quantum readiness to insurers.
Joseph Ziolkowski, founder and CEO of Relm Insurance, said, “Insuring exposures across the digital asset ecosystem requires underwriters to anticipate how risks will evolve. Quantum computing is a clear example of an emerging threat that should shape the way we assess risk today. Our work with Project Eleven will explore how institutions identify their exposure, demonstrate effective controls, and prepare for the transition to post-quantum readiness. Bringing underwriting expertise into that process early can help lay the groundwork for insurance solutions that support confidence, resilience, and continued growth in digital assets.”
The collaboration is exploratory, with a focus on developing a shared understanding of post-quantum risk and the controls that could help mitigate it. Any future implications for underwriting or insurance premiums would be subject to further evaluation and Relm’s independent underwriting processes.
Institutions can learn more about Strongpoint at projecteleven.com/strongpoin….
Project Eleven retweeted
Thrilled to have partnered with Project Eleven. Read more about what we'll be working on here:
Project Eleven and Relm Insurance Partner to Explore Quantum Risk in Digital Asset Insurance
The first partnership to explore post-quantum security as a factor in pricing digital asset insurance.
Project Eleven, the post-quantum security company for digital assets, today announced Relm Insurance as a development partner for Strongpoint, its flagship institutional custody product. The collaboration will explore how an institution’s post-quantum security controls could be evaluated within digital asset insurance underwriting, helping both companies better understand how quantum readiness may influence future assessments of digital asset risk.
As quantum computing advances, a sufficiently powerful machine could derive private keys from exposed public keys and compromise digital assets. Institutions need custody infrastructure capable of adapting its cryptography before such a machine becomes available. Strongpoint is built for that transition. The platform combines classical and post-quantum signing and separates institutional controls from the cryptography layer, enabling institutions to replace signing algorithms while preserving approval rules and audit history.
“Every institution holding digital assets will eventually need to prepare for post-quantum cryptography. The open question is whether that transition happens on the institution’s schedule or under pressure,” said Alex Pruden (@apruden08), CEO and Co-Founder of Project Eleven. “Insurance plays a critical role in how markets assess and manage risk. We believe there is an opportunity for institutions that invest in stronger post-quantum defenses to eventually see that reflected in how their risk is evaluated. Working with Relm is an important first step toward understanding what that could look like in practice.”
Exploring Post-Quantum Risk in Insurance Underwriting
Through the development partnership, @RelmInsurance and Project Eleven will explore how post-quantum security could be assessed within existing digital asset insurance frameworks. Areas of investigation include key exposure, signing systems, transaction approvals, migration readiness, and third-party dependencies.
Relm will also provide input into the design and development of Strongpoint, helping Project Eleven understand how institutional custody infrastructure can better support insurance underwriting and risk assessment. This collaboration will help inform Strongpoint’s approach to security controls, auditability, and the evidence institutions may need to demonstrate their post-quantum readiness to insurers.
Joseph Ziolkowski, founder and CEO of Relm Insurance, said, “Insuring exposures across the digital asset ecosystem requires underwriters to anticipate how risks will evolve. Quantum computing is a clear example of an emerging threat that should shape the way we assess risk today. Our work with Project Eleven will explore how institutions identify their exposure, demonstrate effective controls, and prepare for the transition to post-quantum readiness. Bringing underwriting expertise into that process early can help lay the groundwork for insurance solutions that support confidence, resilience, and continued growth in digital assets.”
The collaboration is exploratory, with a focus on developing a shared understanding of post-quantum risk and the controls that could help mitigate it. Any future implications for underwriting or insurance premiums would be subject to further evaluation and Relm’s independent underwriting processes.
Institutions can learn more about Strongpoint at projecteleven.com/strongpoin….
Project Eleven and Relm Insurance Partner to Explore Quantum Risk in Digital Asset Insurance
The first partnership to explore post-quantum security as a factor in pricing digital asset insurance.
Project Eleven, the post-quantum security company for digital assets, today announced Relm Insurance as a development partner for Strongpoint, its flagship institutional custody product. The collaboration will explore how an institution’s post-quantum security controls could be evaluated within digital asset insurance underwriting, helping both companies better understand how quantum readiness may influence future assessments of digital asset risk.
As quantum computing advances, a sufficiently powerful machine could derive private keys from exposed public keys and compromise digital assets. Institutions need custody infrastructure capable of adapting its cryptography before such a machine becomes available. Strongpoint is built for that transition. The platform combines classical and post-quantum signing and separates institutional controls from the cryptography layer, enabling institutions to replace signing algorithms while preserving approval rules and audit history.
“Every institution holding digital assets will eventually need to prepare for post-quantum cryptography. The open question is whether that transition happens on the institution’s schedule or under pressure,” said Alex Pruden (@apruden08), CEO and Co-Founder of Project Eleven. “Insurance plays a critical role in how markets assess and manage risk. We believe there is an opportunity for institutions that invest in stronger post-quantum defenses to eventually see that reflected in how their risk is evaluated. Working with Relm is an important first step toward understanding what that could look like in practice.”
Exploring Post-Quantum Risk in Insurance Underwriting
Through the development partnership, @RelmInsurance and Project Eleven will explore how post-quantum security could be assessed within existing digital asset insurance frameworks. Areas of investigation include key exposure, signing systems, transaction approvals, migration readiness, and third-party dependencies.
Relm will also provide input into the design and development of Strongpoint, helping Project Eleven understand how institutional custody infrastructure can better support insurance underwriting and risk assessment. This collaboration will help inform Strongpoint’s approach to security controls, auditability, and the evidence institutions may need to demonstrate their post-quantum readiness to insurers.
Joseph Ziolkowski, founder and CEO of Relm Insurance, said, “Insuring exposures across the digital asset ecosystem requires underwriters to anticipate how risks will evolve. Quantum computing is a clear example of an emerging threat that should shape the way we assess risk today. Our work with Project Eleven will explore how institutions identify their exposure, demonstrate effective controls, and prepare for the transition to post-quantum readiness. Bringing underwriting expertise into that process early can help lay the groundwork for insurance solutions that support confidence, resilience, and continued growth in digital assets.”
The collaboration is exploratory, with a focus on developing a shared understanding of post-quantum risk and the controls that could help mitigate it. Any future implications for underwriting or insurance premiums would be subject to further evaluation and Relm’s independent underwriting processes.
Institutions can learn more about Strongpoint at projecteleven.com/strongpoin….
👇
"There's no such thing as a free lunch here ... We are going to leave the world of monolithic elliptic curve security and we are going to enter into a multipolar world," @apruden08 says blockchains will choose post quantum cryptography based on the tradeoffs they are comfortable with
xitter.cf/i/broadcasts/1wxWjlYdP…
In the past 4 days...
Google: We've shown that magic state cultivation works on Google Quantum AI hardware.
Quantinuum: We've broken the error-correction world record by 10x.
NVIDIA: We've run a record breaking fault-tolerant quantum computing simulation.
Let's get to work.
"On the one hand we do need to move because of quantum, but on the other hand we shouldn’t rush this and throw everything that we know is good away.
Unfortunately, there’s no good answer here.
Ultimately our only defense against that is proactively preparing for all eventualities and to risk mitigate with crypto-agility." - @apruden08
xitter.cf/i/broadcasts/1pKdRDkBX…
Project Eleven retweeted
"AI is incredibly good at finding where humans are bad at math ... Ultimately if your cryptographic schemes are built with bad math and AI can find a hole in that bad math, it can break the scheme," @conordeegan on the concern that AI can break cryptography
xitter.cf/i/broadcasts/1wxWjlYdP…
Project Eleven's @apruden08 and @conordeegan LIVE now with @laurashin
TUNE IN!
xitter.cf/i/broadcasts/1pKdRDkBX…
👀
Alex Pruden, CEO and Co-Founder of Project Eleven, says chains without a quantum plan are getting less investable.
Big Tech is aiming to be post-quantum ready by 2029, and crypto teams need to start now.
@projecteleven @apruden08
Another day, another step toward a Cryptographically Relevant Quantum Computer.
Let’s get to work!
Published in Science today: Magic state cultivation works in practice on our Willow processor. We achieved a 40x error reduction, compared to without cultivation, and 99.99% fidelity. Learn how this addresses a critical resource bottleneck: goo.gle/4yr8V0H
Project Eleven retweeted
This doesn't necessarily move Q-Day timelines forward, since magic state cultivation was already assumed in prior quantum resource estimates by @CraigGidney and others.
But it does experimentally validate one of the key assumption underlying those estimates, making them more credible.
In other words, Q-Day isn't necessarily getting closer, but our confidence should increase re: the timelines implied by those estimates.
Or put another way, a potential reason why quantum computing at scale *won't work* just got crossed off the list.
Published in Science today: Magic state cultivation works in practice on our Willow processor. We achieved a 40x error reduction, compared to without cultivation, and 99.99% fidelity. Learn how this addresses a critical resource bottleneck: goo.gle/4yr8V0H
What.
Breaking News: Mayor Zohran Mamdani’s administration is making a $30 million investment to build a quantum research lab at New York University. In exchange, the city will receive 15% of any proceeds from intellectual property developed in that lab. nyti.ms/4jUe7GD
Project Eleven retweeted
I have been fired from my job leading comms and social media for @projecteleven*
*Promoted to Chief Marketing Officer
Anyway, I’m hiring a Social Media Lead
If you are the best social media person you know, apply at the link or DM me: jobs.ashbyhq.com/projectelev…
