Institutional crypto custody is built around keys, approvals and audit trails that assume the signature schemes underneath change rarely. On 7 October 2026, Project Eleven—via a Chainwire / PR Newswire release—introduced Strongpoint, described as its flagship custody platform for navigating a shift to post-quantum cryptography, with the Zcash Foundation as an initial development partner. [1]
This is a company product launch, not an independent security audit of Strongpoint, and not a claim that quantum computers can already break today’s wallets.
What is Strongpoint supposed to do?
Per the release, Strongpoint is meant to give institutions a consistent control layer—key management, transaction approval and audit infrastructure—so those controls need not be rebuilt for every new signature scheme or network migration. The company frames that as crypto-agility: cryptography can change without the institutional control stack changing with it. [1]
Alex Pruden (CEO, Project Eleven) is quoted on institutional custody having been built for a world where underlying cryptography rarely changed, and on quantum computing “upending that model.” Alex Bornstein (Executive Director, Zcash Foundation) is quoted on institutions holding shielded ZEC needing custody that respects Zcash’s privacy model today and can adapt as standards change. Those are company / partner comments. [1]
Why Zcash Foundation as first partner?
The release says the Foundation joins as an initial development partner, bringing privacy-preserving cryptography and protocol-engineering expertise. Zcash’s privacy design is described as introducing sophisticated key-management and transaction requirements—framed as a useful environment for building custody that can support evolving cryptographic standards. The collaboration is said to inform how Strongpoint handles network-specific requirements while keeping a common institutional control framework. [1]
Company-reported quantum-risk and migration colour
The release states that more than US$1 trillion in digital assets “remain at risk” from sufficiently powerful quantum computers. That figure is company-reported in the press release; it is not independently verified here. [1]
Separately, Project Eleven says that among the 20 largest assets in CoinGecko’s Layer 1 category by market capitalisation (methodology dated 25 September 2026), only 10 had published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography. Approaches are said to span at least six proposed post-quantum signature schemes, with uneven operational readiness. That count is the company’s own review under the stated methodology—not a third-party census. [1]
Timeline, funding and scope caveats
Project Eleven targets production deployment in Q4 2026 and says it is working with a limited group of development partners ahead of general availability; additional partners and supported networks are to be announced. Institutions can request early access via the company’s Strongpoint page—company statements. [1]
Background in the same release: founded in 2024 by Alex Pruden and Conor Deegan; US$20 million Series A led by Castle Island Ventures in January 2026, taking total funding to US$26 million; recent acquisition of Riva Labs for post-quantum signatures, wallet infrastructure and blockchain cryptography. Those are company-disclosed funding and M&A claims. [1]
What this does not prove
- That Strongpoint is generally available, audited for production use, or already securing client assets at scale; the target is Q4 2026 with limited partners first. [1]
- That the “more than US$1 trillion at risk” figure is a regulatory or academic consensus estimate. [1]
- That only half of large L1 networks lack a post-quantum migration path forever; the 10-of-20 count is a dated company methodology snapshot. [1]
- Any investment recommendation on Project Eleven, Zcash or related tokens.
No investment advice is offered here.
The Bottom Line
Project Eleven launched Strongpoint on 7 October 2026 as a company-announced post-quantum custody platform, with the Zcash Foundation as initial development partner and production aimed at Q4 2026 for a limited partner set. Treat product claims, the trillion-dollar risk line and the L1 migration tally as company-reported—useful context on custody design under changing cryptography, not a trading thesis.
Sources
- Chainwire / PR Newswire, Project Eleven Strongpoint launch with Zcash Foundation — 7 October 2026 (company press) — https://chainwire.org/2026/10/07/project-eleven-launches-strongpoint-for-post-quantum-custody-with-zcash-foundation-as-initial-development-partner/
