Project Eleven Acquired Riva Labs for Crypto Security
The acquisition integrates hash-based quantum-resistant signatures into digital-asset infrastructure.
Updated on Sept. 29, 2026 in Quantum Computing
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Project Eleven has acquired Riva Labs to incorporate its specialized post-quantum cryptography technology into software wallets and multi-party computation systems. This move aims to secure digital-asset platforms against future quantum computer attacks.
Why it matters
Current signature systems protecting major blockchains like Bitcoin and Ethereum remain vulnerable to powerful quantum computers. Integrating new cryptographic standards is a critical step for industry participants working to harden public networks.
Riva Labs utilizes hash-based cryptographic signatures to provide security against quantum-level threats. This technology is being integrated into software wallets, hardware signers, and multi-party computation systems used in digital asset management.
The players
Project Eleven
A developer of digital-asset security infrastructure focused on quantum-resistant network standards and cryptographic research.
Riva Labs
A research firm specializing in hash-based cryptographic signatures designed to mitigate risks posed by quantum computing.
Solana Foundation
A non-profit organization supporting the development and adoption of the Solana blockchain, which collaborated on quantum-resistant testing.
Ripple
An enterprise blockchain company that develops payment protocols and has tested custody solutions with Project Eleven.
The details
Riva Labs specializes in cryptographic signatures that rely on hash functions—mathematical algorithms that map data to a fixed-size string—rather than the prime factorization methods currently used in public key infrastructure. By incorporating these methods into multi-party computation (MPC)—a process allowing multiple parties to jointly compute a function while keeping inputs private—Project Eleven intends to secure digital-asset custody. The team and intellectual property from the acquisition are being merged directly into existing research and product departments.
Timeline
January 2026: Project Eleven raised $20 million in Series A funding.
September 29, 2026: Project Eleven finalized its acquisition of Riva Labs.
The Tech Race
This acquisition represents a transition in the race to secure blockchain networks against future quantum vulnerabilities. It follows prior collaborative test networks and prototyping efforts involving industry leaders like the Solana Foundation and Ripple.
Users of digital-asset wallets and hardware signers will eventually see these quantum-resistant standards integrated into their security workflows. The transition is currently in the research and prototyping stage, with no specific rollout date announced for retail-facing products.
The takeaway
The move underscores the industry's need to adopt quantum-resistant infrastructure before current standards become obsolete. Watch for future integrations into wallet software and public network upgrades as the company transitions its product suite.
Further reading
For more context on how these cryptographic standards are evolving, see Quantum Computing.
Live Poll
Do you trust that current digital assets are secure against future advances in quantum computing?
