Project Eleven has successfully raised $20 million in a Series A funding round aimed at enhancing digital asset infrastructure in anticipation of the quantum computing era. The funding, announced on January 15, 2026, was led by Castle Island Ventures and saw participation from notable investors including Coinbase Ventures, Fin Capital, Variant, Quantonation, and others.
The urgency for advancements in post-quantum cryptography is rising as governments and industries begin prioritizing strategies to safeguard digital assets. Quantum computing poses a potential threat to existing cryptographic standards, particularly elliptic curve cryptography (ECC), which underpins major networks like Bitcoin. This could jeopardize an ecosystem that currently secures over $4 trillion in digital assets.
Project Eleven is focused on developing tools and strategies to facilitate a transition to more secure systems. Their offerings will include readiness assessments, migration test environments, and structured deployment sequences, making the complex process of upgrading digital infrastructure more manageable.
“As quantum capabilities advance, the stakes couldn’t be higher,” stated Alex Pruden, CEO and Co-Founder of Project Eleven. “Trillions in value depend on these cryptographic assumptions. Networks like Bitcoin take years to upgrade because they are governed cautiously by design. We’re focused on making the transition practical now, so the industry can migrate deliberately instead of improvising under pressure.”
The significance of this development is underscored by comments from Nic Carter, General Partner at Castle Island Ventures. He noted, “Useful quantum computing is the biggest and most complex threat public blockchains have ever faced. Project Eleven is building the practical bridge from research to real-world deployment.”
In addition to securing funding, Project Eleven is collaborating with the Solana Foundation and other leading protocols to plan for post-quantum readiness. The company previously raised $6 million in a seed round in June 2025, emphasizing its commitment to enhancing digital asset security.
Project Eleven is set to unveil its next major product release in early 2026, targeted at institutions and end users looking to future-proof their cryptographic systems.
For more information about Project Eleven and its initiatives, visit www.projecteleven.com.
Media inquiries can be directed to Aubrey Strobel or Elena Nisonoff at Halcyon Communications via [email protected].
