Project Eleven Acquires Riva Labs to Enhance Post-Quantum Security Capabilities

Project Eleven, a digital asset post-quantum security infrastructure company, has announced the acquisition of Riva Labs to enhance its post-quantum signature, wallet, multi-party computation (MPC), and account abstraction capabilities. The acquisition includes Riva's technology and intellectual property on Ethereum and other public blockchains. Riva Labs' work involves hash-based post-quantum signatures, post-quantum MPC, account abstraction, wallet infrastructure, and hardware signing, and has previously demonstrated post-quantum signatures on consumer-grade hardware. Project Eleven stated that Riva's team and technology will be integrated into its research and product work in post-quantum cryptography, digital asset custody, and blockchain security, with Riva also introducing artificial intelligence into research and engineering processes. Project Eleven CEO Alex Pruden stated that the acquisition will strengthen the research and engineering teams and accelerate the transition of digital assets to post-quantum security. Riva Labs co-founder Matteo Vena noted that both parties share a similar judgment on the tools needed in the industry, and joining Project Eleven will allow for a larger-scale advancement of public blockchain upgrades.

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