Bermuda

Quantum

insurance

Zcash

Project Eleven, a company specializing in post-quantum security, has entered into a development partnership with Relm Insurance to evaluate the impact of quantum-resistant measures on institutional digital asset insurance. The collaboration centers on Strongpoint, Project Eleven’s custody solution built for institutions.
<h2 id="focus-on-post-quantum-risk-in-insurance">Focus on Post-Quantum Risk in Insurance</h2>
The partnership aims to explore whether steps taken by institutions to address potential threats from future quantum computers could influence insurance underwriting for digital assets. This initiative is being described as the first partnership to specifically investigate post-quantum security as a component in the pricing of digital asset insurance.
While both companies emphasized the exploratory nature of the agreement, any changes to insurance premiums or underwriting processes remain dependent on further assessments and Relm’s established protocols. No immediate changes to coverage or pricing were announced.
Specific areas of assessment will include how institutions manage the exposure of their private keys, the processes involved in transaction signing and approval, their preparedness for migrating to post-quantum cryptography, and reliance on third-party vendors. Relm Insurance will also evaluate the design of Strongpoint, offering feedback on security measures, auditability, and the level of documentation clients must provide to demonstrate readiness for quantum-era cryptography.
<h2 id="industry-voices-and-technical-insights">Industry Voices and Technical Insights</h2>
<blockquote>
 Joseph Ziolkowski, founder and CEO of Relm Insurance, highlighted that quantum computing represents a significant emerging threat and should actively influence risk assessment frameworks. He pointed to the importance of understanding institutional exposure and ensuring robust preparation for the transition to post-quantum technologies.
</blockquote>
Alex Pruden, CEO and co-founder of Project Eleven, expressed optimism about the partnership, noting that proactive adoption of solutions such as crypto agility and post-quantum security could result in cost savings for institutions by potentially lowering future insurance premiums.
Relm, which is based in Bermuda and began operations in 2019, insures companies within the digital asset, AI, and other emerging technology sectors.
<blockquote>
 The Strongpoint platform, developed in collaboration with the Zcash Foundation as its initial partner, enables institutions to use both classical and post-quantum digital signatures. It isolates approval processes and audit trails from the cryptographic algorithms, allowing the underlying signing methods to be replaced without restructuring operational controls. This separation is designed to future-proof institutional security in the face of advancing quantum threats.
</blockquote>
A sufficiently advanced quantum computer could, in theory, compromise digital assets by deriving private keys from publicly available information, an issue that continues to prompt readiness initiatives across the sector. Pruden underlined the importance of preparing for post-quantum transitions ahead of potential disruptive milestones.
Recent developments reflect broader industry focus on quantum security. Coinbase, which holds approximately 5% of all bitcoin, informed bitcoin developers of the critical need for quantum-resistant upgrades that accommodate major custodians. Separately, Europol has called on wallet providers to begin testing post-quantum measures.
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The post <a href="https://en.coin-turk.com/project-eleven-and-relm-insurance-partner-to-assess-quantum-securitys-role-in-digital-asset-insurance/" rel="noopener noreferrer nofollow">Project Eleven and Relm Insurance partner to assess quantum security’s role in digital asset insurance</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Project Eleven and Relm Insurance partner to assess quantum security’s role in digital asset insurance

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