CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
crypto.news 2025-04-10 17:22:30

BTC-denominated insurance firm meanwhile secures $40m in VC funding

A Bitcoin-denominated life insurance firm regulated by the Bermuda Monetary Authority called meanwhile has secured $40 million in a Series A funding round. The company, whose pioneering product is a Bitcoin ( BTC ) denominated Whole Life Insurance, announced it raised the funding in a round co-led by venture capital firms fulgur.ventures and Framework Ventures. Fulgur.ventures is a BTC-focused VC, while Framework Ventures is a leading investor in decentralized finance and crypto-native funds. Meanwhile also attracted participation from Wences Casares, a Bitcoin pioneer and co-founder of Bitcoin-enabled Xapo Bank . The company, founded three years ago, will use the capital injection to accelerate the global rollout of its BTC-denominated life insurance and annuities. It aims to bring its insurance offerings to millions of users, with products designed to protect against various risks. “Everyone deserves access to financial products that maintain their value over time—especially for long-term planning and family protection. This funding empowers us to reach more people who are concerned about political risk, currency risk, inflation risk, or regime risk,” the firm wrote on X. You might also like: OKX partners with Standard Chartered for crypto collateral mirroring program The Bitcoin-denominated insurance product provides features that traditional financial products do not. It includes protection from currency debasement, as well as tax advantages and on-demand liquidity. “One impossible task was creating a globally unique life insurer entirely denominated in Bitcoin,” said Zac Townsend, founder of meanwhile. “We accept premiums, pay claims, and conduct our audited financials, reserves, and solvency calculations entirely in Bitcoin” For Bitcoin holders, the company’s insurance policies go beyond the preservation of wealth for future generations. Policyholders gain exposure to Bitcoin’s long-term growth potential. Meanwhile previously raised $20.5 million in its seed round, which attracted backing from OpenAI CEO Sam Altman and Bitwise CEO Hunter Horsley, among others. You might also like: Hex Trust adds stacks and sBTC, amid rising adoption for Bitcoin layer-2s

https://www.digistore24.com/redir/325658/ceobig/
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.