Quantum Security Startup Project Eleven Acquires Riva Labs

The deal signals consolidation among startups racing to harden crypto networks against quantum threats, with hash-based signatures and hardware signing emerging as key building blocks. It matters most to chains and custodians that will eventually need to migrate signing infrastructure, and to the small pool of teams with that expertise. Whether this acquisition translates into production-ready tooling others actually adopt, rather than remaining internal R&D, is the open question to watch.