Post-Quantum Security Company Project Eleven Acquires Riva Labs
The digital asset post-quantum security infrastructure company Project Eleven announced the acquisition of Riva Labs to enhance its capabilities in post-quantum signatures, wallets, multi-party computation (MPC), and account abstraction. This acquisition also includes the technology and intellectual property developed by Riva on Ethereum and other public chains.Riva Labs' work encompasses hash-based post-quantum signatures, post-quantum MPC, account abstraction, wallet infrastructure, and hardware signing, and has demonstrated post-quantum signatures on consumer-grade hardware. Project Eleven stated that the relevant teams and technologies will be integrated into its research and product work in post-quantum cryptography, digital asset custody, and blockchain security. Riva will also bring its practices of using artificial intelligence in research and engineering processes into the company.Project Eleven's CEO and co-founder 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 mentioned 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 chain upgrades.