Project Eleven and Relm Insurance explore whether quantum security can lower premiums

Insurers have long rewarded homeowners for installing smoke detectors and deadbolts. Now a crypto security firm wants to know if the same logic applies to quantum-resistant cryptography.

Project Eleven, a post-quantum security company, announced a partnership with Relm Insurance on October 20, 2026. The goal is to assess how quantum-resistant controls may influence the way digital asset insurance gets underwritten. The pitch is simple: an institution with stronger quantum defenses could, in theory, pay less for coverage.

What the two firms are actually testing

The work centers on Project Eleven’s Strongpoint custody platform. Relm will look at several areas that matter when an underwriter sizes up risk.

Those include key exposure, signing systems, transaction approvals, migration readiness and third-party dependencies.

Strongpoint is described as a modular platform that supports hybrid signing. That means it can sign transactions with both classical cryptography and post-quantum methods at the same time.

The platform’s production deployment is anticipated in Q4 2026. So the underwriting evaluation is happening while the product itself is still approaching its full launch.

Relm CEO Joseph Ziolkowski argued that quantum computing threats belong in risk assessments now, not at some distant point when the hardware matures. He was also careful on the money question. Any changes to premium rates would be evaluated independently under Relm’s established underwriting processes.

According to the research findings, this is the first reported effort to treat post-quantum security as a potential factor in digital asset insurance underwriting.

Who is Project Eleven

Project Eleven was founded in 2024 by Alex Pruden and Conor Deegan. The company builds what it calls crypto-agile tools, which help institutions keep their security controls intact while cryptographic standards change underneath them.

In January 2026, the firm raised a $20 million Series A at a $120 million valuation.

The company has also been trying to put numbers on the threat. Its Bitcoin Risq List tracks Bitcoin held in addresses considered vulnerable to quantum attacks. As of September 2026, Project Eleven counts over 8 million BTC on that list, worth hundreds of billions of dollars.

Project Eleven has also worked with networks including Solana and the XRP Ledger on post-quantum security efforts.

Why insurers care about a computer that does not exist yet

The core worry is straightforward. Much of today’s crypto security rests on cryptographic standards that a sufficiently powerful quantum computer could eventually break. If that happens, keys protecting large holdings could be compromised.

Ziolkowski’s framing reflects this. His view is that quantum exposure is a present-day underwriting concern because the assets being insured today may still be sitting in the same wallets when the threat arrives.

Migration readiness is the sleeper item on Relm’s checklist. Switching cryptographic systems across a large institution is slow, messy work. A custodian that has already planned its transition looks very different, from a risk standpoint, than one that has not started.

What this means for institutions and the crypto insurance market

The most direct implication is for custodians, exchanges and funds that buy digital asset insurance. If quantum readiness becomes a recognized underwriting factor, security upgrades stop being a pure cost center. They could start showing up as a line item that affects what an institution pays for coverage.

The risks are worth keeping in view. Relm has not committed to any specific premium changes, and its standard processes will govern any adjustment. Strongpoint is not yet in full production. And the size of the quantum threat, including the over 8 million BTC figure, comes from Project Eleven, a company whose business depends on that threat being taken seriously.

What to watch next is whether the evaluation produces concrete underwriting criteria. If Relm or other insurers begin asking quantum readiness questions in standard applications, that would signal the idea has moved from pilot to practice.