The startup Project Eleven has closed a Series A funding round worth 20 million dollars. Castle Island Ventures led the investment, with notable participation from Coinbase Ventures and other major players in the sector. The company focuses on developing quantum-resistant cryptography to shield blockchains from future computer attacks. Alex Pruden, CEO of the firm, warned that this existential risk to the ecosystem cannot be ignored.
The funding will allow the startup to accelerate the creation of migration tools for global institutions and decentralized networks. Therefore, the team will launch its next major product in early 2026. Additionally, protecting trillions of dollars in assets depends on these new cryptographic assumptions. The company is already actively collaborating with the Solana Foundation on technical work and readiness plans for the quantum threat.
Advancements in quantum computing could break the public-key cryptography currently used by Bitcoin and other assets. In this way, the transition toward robust and secure environments must be planned years in advance. Likewise, Project Eleven develops migration test environments to facilitate this very complex process. The firm seeks to prevent the industry from having to improvise under pressure when quantum capabilities reach maturity.
Can decentralized networks migrate in time before quantum computing becomes a real threat?
The migration of protocols like Bitcoin is slow by design, as it requires cautious consensus among all participants. However, security infrastructure must be updated preventively to maintain the integrity of current networks. Therefore, collaboration with the Solana Foundation is vital to establishing the first industry standards. On the other hand, the support from firms like Coinbase Ventures validates the urgency of these solutions.
This new investment phase follows a 6 million dollar seed round obtained in mid-2025. Thus, the total capital raised boosts research for cutting-edge technical advancements in digital security. Likewise, the adoption of new cryptographic standards will shield the future of decentralized finance. The importance of this milestone lies in ensuring that the blockchain infrastructure is invulnerable in the long term.
Market implications are clear: security is the pillar that sustains the confidence of large institutional investors. If networks do not demonstrate quantum resilience, capital could migrate toward systems that offer more solid protection guarantees. Therefore, the implementation of quantum-resistant protocols will soon become a standard requirement. Finally, the crypto industry enters a stage of maturation focused on proactive defense.
