P

Project Eleven

Quantum-native cryptography for post-quantum digital assets

Overview

Project Eleven provides security solutions and information focused on quantum-resistant cryptography for the digital asset and blockchain sectors. It develops quantum-native cryptographic methods, termed "QRL Level 1 Forever Secure," designed to be resistant even to future cryptographic attacks from quantum computers, helping clients secure cryptocurrencies and assets in a post-quantum world. The company differentiates itself by concentrating on post-quantum security tailored to crypto assets and by combining cryptography research with industry-focused guidance, aiming to guide the market toward quantum-ready security. Its goal is to mitigate the risks posed by cryptographically relevant quantum computers and to secure the digital asset ecosystem against future quantum threats.

Significant Headcount Growth

Work here?Claim your company

About Project Eleven

Simplify's Rating
Why Project Eleven is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

FintechCybersecurityCrypto & Web3

Company Size

11-50

Company Stage

Series A

Total Funding

$26M

Headquarters

New York City, New York

Founded

2024

Get referred to Project Eleven

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • Project Eleven announced Relm Insurance on October 20, 2026, opening an underwriting wedge for Strongpoint.
  • The company raised $20 million in January 2026, plus a $6 million seed, funding execution.
  • Only 10 of the top 20 Layer 1 networks had migration plans on October 6, 2026.

What critics are saying

  • Strongpoint targets Q4 2026 deployment; any slip exposes Project Eleven to faster-moving competitors.
  • Relm’s October 20, 2026 partnership stayed exploratory, leaving pricing leverage and revenue conversion unproven.
  • If Bitcoin and major chains delay post-quantum migration, Project Eleven’s existential thesis loses urgency.

What makes Project Eleven unique

  • Project Eleven’s Strongpoint separates custody controls from cryptography, preserving audits during signature migrations.
  • Zcash Foundation joined Strongpoint on October 6, 2026, validating privacy-preserving, crypto-agile custody design.
  • Riva Labs acquisition on September 29, 2026 added MPC, wallets, and post-quantum signature expertise.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$26M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
$15M
$20M
$30M

Benefits

  • Remote Work Options

Growth & Insights and Company News

6 month growth

-5%

1 year growth

0%

2 year growth

12%
PR Newswire
Oct 20th, 2026
Project Eleven and Relm Insurance partner to explore quantum Risk in digital asset insurance.

Project Eleven and Relm Insurance partner to explore quantum Risk in digital asset insurance. 20 Oct, 2026, 18:30 IST The first partnership to explore post-quantum security as a factor in pricing digital asset insurance. NEW YORK, Oct. 20, 2026 /PRNewswire/ - 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, 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, Relm 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. About Project Eleven Project Eleven builds resilient infrastructure and tooling for the post-quantum era. The company develops scalable solutions that strengthen security across a rapidly evolving quantum threat landscape. With deep expertise in cryptography, blockchain, and financial systems, Project Eleven bridges advanced post-quantum research with real-world implementations that prepare the digital asset ecosystem for the future. For more information, visit www.projecteleven.com. About Relm Insurance The Relm Insurance group of companies comprises Relm Insurance Ltd., a Bermuda-domiciled specialty insurance carrier supporting emerging industries and next-generation technologies, and its affiliates. Relm Insurance was launched in 2019 to address the scarcity of insurance capacity available to high-growth markets, and plays an active role in bolstering the resilience of innovative industries. With offices in Bermuda, the US, UK, and MENA, Relm's unrivaled industry expertise and solutions-driven track record make it a highly sought-after risk partner for businesses and institutions operating at the forefront of various industries like web3, digital assets, AI, biotech, and the space economy. Relm Insurance provides A- rated paper, supporting businesses navigating complex and emerging risks. Media Contacts

PR Newswire
Oct 20th, 2026
Project Eleven and Relm team up to test quantum risk in digital asset insurance

Project Eleven, a post-quantum security company for digital assets, has named Relm Insurance as a development partner for Strongpoint, its institutional custody product. The two will explore how an institution's post-quantum security controls could factor into digital asset insurance underwriting. The concern is that a powerful enough quantum computer could derive private keys from exposed public keys. Strongpoint combines classical and post-quantum signing, letting institutions swap signing algorithms while keeping approval rules and audit history. The partners will examine key exposure, signing systems, transaction approvals, migration readiness, and third-party dependencies. Relm will also advise on Strongpoint's design. The work is exploratory. Any effect on underwriting or premiums would require further evaluation and Relm's independent underwriting processes.

WhoTakesCoin
Oct 9th, 2026
"Project Eleven Teams Up with Quantus - Is QTC Set for a Skyrocketing Surge to $1000?"

"Project Eleven Teams Up with Quantus - Is QTC Set for a Skyrocketing Surge to $1000?" Friday, October 9, 2026 0 Will AI and quantum fears drive QCT higher? #technology Related Industries cryptocurrency

The Currency Analytics
Oct 9th, 2026
Project Eleven partners with Quantus for ambitious Strongpoint quantum integration.

Project Eleven partners with Quantus for ambitious Strongpoint quantum integration. Verified 39 votes Updated 5 hours ago Quantum computing isn't here yet. But Project Eleven isn't waiting around to find out what happens when it arrives. Why it matters. The integration of the Quantus Network into Project Eleven's Strongpoint highlights a proactive approach to addressing the potential challenges posed by quantum computing to crypto security. As the industry increasingly anticipates the advent of quantum technology, this initiative underscores the importance of developing robust, future-proof custody solutions that can safeguard assets against emerging threats. Such advancements may set new standards in the institutional crypto custody space, influencing competitive dynamics and investor confidence in the sector. Accept Payments The company behind Strongpoint, an institutional crypto custody platform built with post-quantum security at its core, has brought on Quantus as a development partner. The goal: integrate the Quantus Network into Strongpoint, with a target completion date set for the first quarter of 2027. It's a deliberate, forward-looking move - and probably one of the more technically ambitious custody plays in the digital asset space right now. No immediate threat is forcing their hand. That's kind of the point. Discover more Compare Brokers Read Economics Try Cloud Hosting Why quantum readiness can't wait. Crypto custody, as it works today, leans heavily on the assumption that current cryptographic standards hold. They do. For now. But the concern - and it's a legitimate one - is that sufficiently powerful quantum systems could eventually crack those protections. For retail users, the fix might be a software update. For institutions, it's a completely different story. Think about what institutional custody actually involves: hardware security modules, compliance frameworks, internal policies, multi-party authentication, key management procedures. All of it is tied, one way or another, to the cryptographic layer underneath. When that layer changes - or needs to change fast - institutions can't just patch and move on. The operational complexity is enormous. Trade Forex Project Eleven's answer to that is what they're calling crypto-agility. The idea is to separate institutional controls - authentication, key management, governance, transaction approvals - from the cryptographic implementations themselves. So when a new quantum-resistant standard rolls out, or when one blockchain switches signature schemes while another takes a different path, Strongpoint doesn't need to be rebuilt from scratch. The institutional layer stays stable. The cryptographic layer swaps out. Discover more Compare Brokers Accept Payments Read Economics That's the architecture Quantus is now helping to shape. What Quantus brings to Strongpoint. Quantus joins as a development partner focused specifically on post-quantum security needs. The Quantus Network will be integrated into Strongpoint, and that integration also gives Project Eleven another real test environment to stress the platform's workflows. It's not just theoretical design work - it's live architecture testing against actual network requirements. Trade Crypto Now Project Eleven already has some of that experience. Their earlier work with the Zcash Foundation gave them a first look at how Strongpoint handles diverse network conditions. Different chains, different rules, different technical demands. The Zcash collaboration was basically a proof-of-concept for the whole crypto-agility model. Quantus builds on that. And the timing matters. The digital asset industry is still in a window where institutions can get ahead of this problem. Once quantum threats become concrete rather than theoretical, the scramble to retrofit custody infrastructure will be brutal. Policies will need rewriting. Hardware will need replacing. Regulators will have opinions. Project Eleven is betting that doing this work now - before the urgency hits - is the only sensible play. The bigger picture for institutional custody. There's a broader shift happening across the custody space. Institutions are starting to take quantum risk seriously, not because they expect an attack next year, but because the lead time on changing security infrastructure is long. Really long. You can't migrate a major custodian's key management system over a weekend. What makes Strongpoint's approach worth watching is the architecture philosophy itself. Most custody solutions are built around a single cryptographic standard. They work well - until that standard is challenged. Strongpoint's bet is that the future won't have a single winner in the post-quantum cryptography race. Different blockchain networks will probably adopt varying signature schemes. Some will move fast. Some won't. An institutional custodian needs to handle all of them without rebuilding its security stack each time. Trade Crypto Now Separating the institutional control layer from the cryptographic layer is the answer Project Eleven landed on. Quantus, per the partnership, will help fine-tune exactly how that separation holds up under post-quantum conditions. Integration is still pending. Completion is targeted for Q1 2027. No details yet on what the Quantus Network integration will look like in its final form, and Project Eleven hasn't specified what comes after that milestone. But the direction is clear enough. Strongpoint wants to be the custody platform institutions reach for when quantum computing stops being a thought experiment - and starts being a problem with a deadline. The Q1 2027 target is the next concrete marker. Frequently asked questions. What is Project Eleven's Strongpoint platform? When is the Quantus Network integration into Strongpoint expected to be complete? What does crypto-agility mean in Strongpoint's context? Community Trust Index High Confidence Real90% 10%Fake 39 community signals Post Views: 21

PR Newswire
Oct 8th, 2026
Project Eleven and Quantus plan Strongpoint integration with Quantus joining as a development partner.

Project Eleven and Quantus plan Strongpoint integration with Quantus joining as a development partner. Oct 07, 2026, 21:00 ET Quantus joins as a development partner for Strongpoint support on the Quantus Network, helping shape institutional key management, governance, and transaction workflows for the post-quantum blockchain. NEW YORK, Oct. 7, 2026 /PRNewswire/ - Project Eleven and Quantus today announced plans to integrate the Quantus Network with Strongpoint, Project Eleven's institutional custody platform built for the post-quantum and AI era. Quantus joins as a development partner for Strongpoint support on the Quantus Network, helping shape the integration for institutional users. As blockchain networks begin adopting post-quantum cryptography, they are unlikely to converge on a single signature scheme, migration path, or timeline. For institutions, that creates a growing infrastructure challenge: supporting different cryptographic standards across multiple networks while maintaining consistent security, governance, and operational controls. Strongpoint is designed to address that challenge through a crypto-agile architecture that separates institutional controls from the cryptography used by the underlying network. Authentication, policies, approvals, key management, and audit operate through a common control layer while the cryptographic algorithms and network-specific requirements beneath them can change independently. The planned integration will extend that architecture to Quantus. Quantus provides post-quantum security at the protocol level, while Strongpoint will enable institutions to secure Quantus keys and approve transactions through institutional hardware, policies, approval processes, and audit controls. "Quantus is taking a forward-looking approach by building post-quantum security directly into its architecture," said Alex Pruden, Co-Founder and CEO of Project Eleven. "As more networks adopt new cryptographic standards, institutions will need infrastructure that can support those changes without forcing them to rebuild their security and operational workflows each time. Strongpoint is designed to provide that consistent layer." As a development partner for the integration, Quantus will work with Project Eleven to help shape Strongpoint's support for the network and the requirements of institutions operating on it. The companies expect to collaborate on technical integration, key-management workflows, transaction support, and other infrastructure required to bring Quantus into institutional custody environments. "Quantus was designed around the security requirements of a post-quantum world," said Christopher Smith, Co-Founder and CEO of Quantus. "For institutions, adopting new cryptography should not mean replacing the security, governance, and operational systems they already rely on. Working with Project Eleven will make it easier to support Quantus within existing key-management and transaction approval workflows, helping reduce the operational friction that can come with adopting a new cryptographic standard." Once support is available, institutions will be able to manage Quantus alongside other digital assets while maintaining a consistent approach to key security, transaction governance, and operational controls. The collaboration is part of Project Eleven's broader work with blockchain networks and institutions as it develops Strongpoint ahead of general availability. Quantus support is targeted for Q1 2027, with final availability details to be announced ahead of launch. About Project Eleven Project Eleven builds resilient infrastructure and tooling for the post-quantum era. The company develops scalable solutions that strengthen security across a rapidly evolving quantum threat landscape. With deep expertise in cryptography, blockchain, and financial systems, Project Eleven bridges advanced post-quantum research with real-world implementations that prepare the digital asset ecosystem for the future. For more information, visit www.projecteleven.com. About Quantus Quantus is quantum-secure encrypted money. It's a layer 1 proof-of-work blockchain with a 21 million supply cap and post-quantum security, and it is private by default. Quantus uses ML-DSA for key generation and transaction signatures, plus zero-knowledge proofs for scaling and privacy. Quantus also built migration.fail, a public tracker of how much of the crypto industry is still vulnerable to quantum computing. Media Contacts Aubrey Strobel / Elena Nisonoff, Halcyon Communications [email protected] SOURCE Project Eleven

Recently Posted Jobs

Sign up to get curated job recommendations

Project Eleven is Hiring for 3 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs