Project Eleven Teams With Crypto Insurer Relm to Study Quantum Risk in Underwriting
By Unchained
AI summary of the source article
Post-quantum security firm Project Eleven has partnered with crypto insurer Relm Insurance to explore incorporating quantum computing defenses into digital asset insurance underwriting and pricing for Project Eleven's institutional custody product, Strongpoint.
Why it matters
Project Eleven CEO Alex Pruden stated that adopting proactive post-quantum solutions could lead to cost savings: 'I think it can save you money on an insurance premium that would otherwise have to go up to account for these known and unknown unknowns.'
Key facts
- Project Eleven signed Relm Insurance as a development partner for its institutional custody platform, Strongpoint.
- The exploratory partnership examines whether an institution's post-quantum security measures can be weighed when underwriting digital asset insurance.
- No new policies, premium discounts, or implementation timelines have been established yet.
Source excerpt · Unchained
The exploratory deal makes Relm Insurance a development partner for Project Eleven's Strongpoint custody product, and neither company announced any change to how policies are priced. The post Project Eleven Teams With Crypto Insurer Relm to Study Quantum Risk in Underwriting appeared first on Unchained .