In Rare Deal, Crypto Custodian Wins Insurance on Full Value of Client Assets
Marsh & McLennan, the world’s largest insurance broker, has arranged unusually generous insurance for new crypto custodian KNØX.
Equilibrium will hold 6.5 million EOS tokens in reserve as an insurance policy for users should its stablecoin lose its peg.
OneConnect Financial, the blockchain and AI subsidiary of China’s top insurance company Ping An Insurance, has set the terms for its planned NYSE listing.
In a rare interview, insurance company Arch talks about its $150 million crypto storage policy.
The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.
As President Xi called on China to seize blockchain opportunities, industry heavyweights are already leading hundreds of enterprise projects.