3 weeks ago
Anthea, a Bermuda-based crypto beingness insurer, has raised $22 cardinal successful a Series A circular led by Yunfeng Financial Group to motorboat what it calls the world’s archetypal beingness security merchandise denominated successful Ethereum tokens (ETH).
The company, whose extremity is to merge beingness security with blockchain technology, said the superior volition accelerate merchandise development, grow its footprint crossed Asia and enactment ongoing operations arsenic it builds retired its crypto-linked security platform, according to a property release connected Wednesday.
The worlds of cryptocurrency and security mostly conscionable erstwhile it comes to providing screen for nonaccomplishment oregon theft of crypto assets held successful acold retention custody and the like. But Anthea has precocious received in-principle support from the Bermuda Monetary Authority to connection security denominated successful integer assets.
The operation of Anthea’s argumentation parallels immoderate accepted beingness security policy, but it’s denominated successful cryptocurrency, truthful premiums, assertion payments, maturity payouts and loans volition each beryllium handled successful the policy’s cryptocurrency.
The attack besides targets crypto investors who privation extortion without converting their holdings into fiat. The institution besides plans to integrate blockchain outgo systems and research ways to make output from crypto reserves.
“This backing circular is much than superior — it’s a concern with investors who stock our vision,” said CEO Alex Pei, noting that Anthea’s backers see experienced players successful security and fintech.
For instance, Yunfeng Financial Group, which holds licenses from the Hong Kong Securities and Futures Commission, has a controlling involvement successful MassMutual Insurance, and besides holds a semipermanent security licence and MPF trustee qualification from the Hong Kong Insurance Authority.
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