Project Eleven Acquired Cryptography Firm Riva Labs
The cybersecurity firm integrated post-quantum technology to protect digital assets from future computer threats.
Updated on Sept. 29, 2026 in Quantum Computing
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Project Eleven has acquired Riva Labs to bolster its digital-asset security against potential quantum computer attacks. The move integrates specialized hash-based cryptographic signature technology into Project Eleven's infrastructure.
Why it matters
Current signature systems used by major networks like Bitcoin and Ethereum face potential vulnerabilities from future quantum computing power. This acquisition aims to address the industry challenge of upgrading public networks to quantum-resistant standards.
Riva Labs developed hash-based cryptographic signatures designed to secure software wallets, hardware signers, and multi-party computation systems. These technologies are being integrated into Project Eleven's security operations.
The players
Project Eleven
This is a cybersecurity firm focused on developing quantum-resistant security measures for digital assets.
Riva Labs
This is a technology firm that specializes in developing hash-based cryptographic signatures to defend against quantum computer attacks.
Solana Foundation
This is a non-profit organization dedicated to the decentralization, adoption, and security of the Solana blockchain network.
Ripple
This is a financial technology company that provides a global payment network based on blockchain technology.
The details
Project Eleven has absorbed the team and intellectual property from Riva Labs to prioritize the transition of digital-asset systems to post-quantum security. The firm previously collaborated with the Solana Foundation on a test network and worked with Ripple on validator testing and custody prototyping.
Timeline
Project Eleven raised $20 million in Series A funding in January 2026.
Project Eleven completed the acquisition of Riva Labs on September 29, 2026.
The Tech Race
This acquisition reflects a broader industry movement to replace legacy encryption standards with quantum-resistant algorithms. It positions Project Eleven as a lead competitor in the ongoing arms race to secure global blockchain infrastructure against future computing breakthroughs.
Users of digital-asset wallets and hardware signers may eventually see enhanced security features implemented in their software without needing to change their personal habits. These updates aim to ensure long-term protection of assets against future cryptographic threats.
The takeaway
The transition to post-quantum security is becoming a mandatory evolution for firms handling high-value digital assets. Consumers should prioritize platforms that demonstrate proactive adoption of these emerging cryptographic standards.
Further reading
Learn more about the latest innovations in Quantum Computing.
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