Project Eleven buys Riva Labs to speed up post-quantum crypto security
What's the deal? Project Eleven has acquired Riva Labs, a cryptography and protocol engineering team focused on post-quantum infrastructure for digital assets. The deal, announced on September 29, was for an undisclosed sum. It brings Riva's talent, technology, and intellectual property under Project Eleven, which builds post-quantum security infrastructure for digital assets.
What each side brings: Riva has built its reputation translating post-quantum cryptographic research into working blockchain systems. Its work spans hash-based signatures, MPC, account abstraction, wallet infrastructure, and hardware signing across EthereumDealroom has a profile for this one. Try Dealroom → and other public blockchains. Project Eleven builds resilient tooling for the post-quantum era, drawing on cryptography, blockchain, and financial systems expertise.
What's the endgame? Project Eleven wants to bring signatures, wallets, key management, and protocol infrastructure into a single research and engineering bench. The aim is to make the industry's shift to post-quantum security practical, treating each layer as part of one problem rather than separate ones.
Why now? The digital asset industry is preparing for the complexity of post-quantum migration, a shift both companies call urgent. AI is accelerating cryptographic research and cryptanalysis, letting new techniques be built, tested, and challenged faster. Riva has made AI a core part of its research process.
"Riva Labs is exactly the kind of talent we want at Project Eleven: deeply technical and focused on turning cryptographic research into systems that can actually be deployed," said Alex Pruden, chief executive officer and co-founder of Project Eleven.
Matteo Vena, co-founder of Riva Labs, said the two teams "came at this problem from different directions and reached many of the same conclusions about what the industry needs." He added that joining Project Eleven lets the team pursue the transition "at a much larger scale."
The signal: The deal reflects a consolidation of specialist talent as the crypto sector braces for the quantum threat to public blockchains. As AI speeds up both the research and the risk, pulling scattered expertise under one roof is becoming a competitive necessity.
Read more: prnewswire.com
Image credit: jurvetson
