Project Eleven Acquires Riva Labs to Boost Quantum Security
Project Eleven has acquired Riva Labs to expand its post-quantum cryptography capabilities for digital asset infrastructure.
Project Eleven, a New York-based company focused on post-quantum security infrastructure for digital assets, announced Monday the acquisition of Riva Labs, bringing specialized talent and technology in-house as the broader cryptocurrency industry confronts the long-term threat posed by quantum computing.
The deal consolidates post-quantum research and engineering resources under a single organizational roof, a strategic move that reflects growing urgency among blockchain and digital asset firms to harden cryptographic systems before quantum computers become powerful enough to break current encryption standards.
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Riva Labs had been working independently on post-quantum research, and its integration into Project Eleven is expected to accelerate the development of security tools designed to protect digital asset networks from future quantum-enabled attacks. The terms of the acquisition were not disclosed.
The move underscores a broader industry trend: firms that hold or secure digital assets are increasingly treating quantum readiness as a near-term infrastructure priority rather than a distant theoretical concern. Post-quantum cryptography has also drawn heightened attention following guidance from U.S. standards bodies urging a transition away from encryption algorithms vulnerable to quantum decryption.
Continue reading at Cryptocurrency for the full announcement and additional details on Project Eleven's post-quantum roadmap.
