Policy

Project Eleven and Relm Insurance to study post-quantum controls in crypto custody cover

Project Eleven, a post-quantum cybersecurity company, has entered a development partnership with Bermuda-domiciled specialty carrier Relm Insurance. The two will examine how an institution's post-quantum cryptographic controls can be built into digital asset insurance underwriting and policy pricing. The work centers on Project Eleven's institutional custody platform, Strongpoint, which combines classical and post-quantum digital signature schemes and separates governance workflows (multi-party approvals, audit logs) from the signing layer so algorithms can be rotated without overhauling compliance controls. Relm will contribute underwriting specifications to Strongpoint's technical roadmap, including the security logs and cryptographic audits custodians would need to show quantum resilience to carriers.

Why it mattersMost public blockchains use elliptic-curve signatures (Secp256k1, Ed25519), and a public key exposed in an outbound transaction could in principle be targeted by a sufficiently mature cryptographically relevant quantum computer running Shor's algorithm. The partnership aims to test whether audited post-quantum defenses could earn custodians tailored terms or preferential risk assessments, which would give them a financial reason to migrate early.

Read the full story at Quantum Computing Report →

Summarized by AI from the linked article.