Browsing: Bitcoin

Meanwhile, a crypto startup that collects and pays out life insurance policies in Bitcoin, has secured $40 million in funding.

Startup secures significant investment to scale bitcoin-denominated insurance products designed to combat inflation risk

Tabit Insurance has announced the acquisition of $40 million in Bitcoin-centric funding, marking a novel approach to transparency within the insurance industry. The capital infusion, announced Monday, represents an industry first, as the funding was provided entirely in Bitcoin.

Tabit Insurance becomes the first P&C insurer to hold all regulatory reserves in BTC, leveraging crypto liquidity for USD risk transfer.

Tabit Insurance, founded by ex-Bittrex executives, secured a $40 million facility backed entirely by Bitcoin.