Tabit Insurance Announces $40 Million Bitcoin-Centric Funding
Tabit Insurance has announced the successful capitalization of its $40 million insurance facility, a move that is making waves in the industry. This announcement, made on Monday, March 24, 2025, is significant due to the funding’s unique structure: the entire amount was provided in Bitcoin.
“The company’s regulators and auditors can verify the funding in real time, marking a distinctive and novel approach to transparency for the insurance industry,” Tabit stated in a press release. This real-time verification is enabled by the blockchain, described in the release as offering “proof of reserves,” providing greater transparency than the typical quarterly disclosures. This also allows continuous oversight by regulators based in Barbados, where Tabit is located.
With the market “priced at attractive levels,” Tabit sees Bitcoin as an “innovative source of capital” for the insurance sector, especially as alternative capital sources continue to expand. While the capital is held in Bitcoin, the company emphasizes that its insurance policies and premiums are all denominated in U.S. dollars.
“Our approach to capital allocation underscores our confidence in providing a steady hand to our partners,” said William Shihara, co-founder of Tabit. “By combining traditional balance sheet strength with carefully chosen assets like bitcoin, we’re able to stay responsive to market shifts and better serve the insurance community. This solution offers a regulated dollar return which we’re excited to earn on an alternative asset class such as bitcoin.”
