Project Eleven, a post-quantum security company focused on digital assets, has selected Relm Insurance as a development partner for Strongpoint, its institutional custody product. The collaboration will explore how post-quantum cryptographic safeguards could be evaluated during digital asset insurance underwriting. The companies aim to examine security controls, key exposure, transaction approvals and migration readiness as institutions prepare for potential future threats from quantum computing. The partnership is exploratory and does not establish new insurance coverage, premium discounts or underwriting standards.

Project Eleven and Relm Assess Post-Quantum Custody Risk

Project Eleven is working with Relm Insurance to explore how institutional digital asset custody systems can demonstrate readiness for post-quantum cryptography and how those safeguards might inform insurance risk assessments.

The collaboration centers on Strongpoint, Project Eleven’s institutional custody product. Relm will contribute insurance underwriting expertise to the product’s development, helping assess which technical controls and forms of evidence could be relevant when evaluating the security of institutions holding digital assets.

The initiative reflects a developing challenge for cryptocurrency custodians, exchanges, financial institutions and other businesses managing blockchain-based assets: preparing cryptographic systems for potential advances in quantum computing before those advances threaten existing security mechanisms.

The companies have not announced a new insurance product or a formal framework for pricing post-quantum risk. Instead, they will investigate how existing digital asset insurance assessments might account for cryptographic exposure and the operational readiness required to transition to post-quantum security.

Why quantum computing matters for digital asset custody

Many digital asset systems rely on public-key cryptography to authenticate transactions and protect access to assets. A sufficiently capable quantum computer could threaten some widely used public-key algorithms, potentially allowing an attacker to derive private keys from exposed public keys under particular conditions.

The timing and practical feasibility of such an attack remain uncertain. However, institutions with long-lived assets, complex custody arrangements and substantial operational dependencies may need to plan cryptographic migrations well before a threat becomes immediately actionable.

Preparing for that transition involves more than adopting a new algorithm. Institutions must understand where cryptography is used, identify exposed keys and dependencies, evaluate signing infrastructure and determine how security controls can be updated without disrupting transaction approvals or audit processes.

For digital asset custodians, the consequences of inadequate preparation could extend beyond technical vulnerabilities. A security failure can create financial losses, operational disruption, regulatory scrutiny and questions about whether an institution had appropriate controls in place.

Strongpoint separates controls from cryptography

Project Eleven says Strongpoint combines classical and post-quantum signing capabilities while separating institutional approval controls from the cryptographic layer. This architecture is intended to allow signing algorithms to be replaced while preserving transaction approval rules and audit history.

Separating these layers could help institutions adapt their cryptographic systems without redesigning every part of their custody operations. Approval workflows, authorization policies and audit records are important components of institutional custody because they help establish who can authorize transactions and how those decisions are documented.

The announcement does not specify the algorithms currently supported by Strongpoint, the extent of its production deployment, or whether the platform has undergone independent security audits. Those details would be relevant to institutions evaluating its readiness for real-world custody environments.

The Relm partnership will provide input into Strongpoint’s design, particularly around security controls, auditability and the evidence institutions may need to demonstrate their preparedness to insurers.

Bringing underwriting into post-quantum planning

Digital asset insurance underwriting involves assessing risks associated with holding, transferring and managing digital assets. Depending on the policy and insured activity, considerations can include custody arrangements, access controls, operational security, incident response and exposure to third-party providers.

Project Eleven and Relm plan to examine how post-quantum readiness could fit into this assessment process. Their stated areas of investigation include key exposure, signing systems, transaction approvals, migration readiness and third-party dependencies.

The work could help insurers and insured institutions develop a clearer understanding of which security practices are relevant to emerging cryptographic risks. For example, an institution’s ability to inventory cryptographic dependencies, document key-management procedures and plan an orderly algorithm migration may provide useful evidence during a technical risk review.

However, the relationship between a particular security control and an insurance decision is not automatic. Underwriters must consider the overall risk profile, policy terms, available evidence and other factors. A post-quantum capability alone would not establish that a custodian is secure or that an insurer should offer more favorable terms.

Relm says the collaboration will help it understand how institutions identify quantum-related exposure and demonstrate effective controls. Any future implications for coverage or premiums will remain subject to further evaluation and Relm’s independent underwriting processes.

Potential implications for institutional digital assets

The partnership brings together custody technology development and specialist insurance expertise at an early stage of post-quantum planning. Rather than treating insurance as a separate consideration after infrastructure has been designed, the companies are exploring whether underwriting requirements can inform the evidence and controls built into custody products.

For institutional customers, clearer expectations around cryptographic readiness could eventually help make security assessments more consistent. It could also encourage institutions to document migration plans and third-party dependencies before a major cryptographic transition becomes urgent.

The potential benefits remain unproven. The announcement does not identify an agreed assessment standard, a timetable for delivering underwriting criteria, or commitments to change premiums or policy eligibility. It also does not establish that the companies’ approach will become an industry-wide framework.

More broadly, the initiative highlights a shift in digital asset security planning: institutions may increasingly need to demonstrate not only that existing systems are protected, but also that they can adapt as cryptographic assumptions change.

For now, the Project Eleven–Relm partnership is an exploratory step toward connecting post-quantum custody engineering with insurance risk assessment. Its significance will depend on whether the work produces practical evaluation criteria that institutions and underwriters can use to assess readiness, document exposure and plan migrations without overstating the certainty of future quantum threats.

Market Landscape

Digital asset institutions face growing pressure to consider the long-term resilience of the cryptographic systems securing their assets. Post-quantum preparation involves identifying vulnerable algorithms, mapping key exposure and planning transitions that preserve operational controls and auditability.

Project Eleven and Relm are exploring how these technical measures could inform insurance underwriting. The collaboration connects custody infrastructure design with risk evaluation, but it has not yet produced a formal assessment framework or a new insurance offering.

The broader opportunity lies in making cryptographic readiness more measurable for institutional risk management. Any commercial impact will depend on validated controls, independent underwriting decisions and the development of practical evaluation standards.

Top Insights

• Project Eleven and Relm will explore how post-quantum security controls could inform digital asset insurance underwriting and institutional risk assessment.
• Strongpoint is designed to combine classical and post-quantum signing while keeping institutional approval policies separate from the cryptography layer.
• The partnership will examine key exposure, signing systems, transaction approvals, migration readiness and third-party dependencies.
• Relm will contribute underwriting expertise to Strongpoint’s development, including input on auditability and evidence of cryptographic readiness.
• The collaboration remains exploratory, with no announced insurance premium reductions, new coverage commitments or finalized underwriting standards.

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