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Bermuda's first regulated Bitcoin insurer raised $82M to expand crypto-backed life and retirement products.
Bitcoin life insurer Meanwhile, the first regulated Bitcoin-denominated insurer in Bermuda, raised $82 million in funding co-led by Bain Capital Crypto and Haun Ventures.
The company, which issues life insurance and annuities settled in Bitcoin, plans to expand its crypto-backed savings and retirement products amid rising demand for inflation-resistant financial solutions.
The funds will support product development, international growth, partnerships with traditional insurers, and enhanced compliance systems.
Meanwhile’s Bitcoin assets under management have grown over 200% this year, outpacing Bitcoin’s price rise, as it invests reserves in conservative lending to secure returns and meet claims.
The company aims to become a global provider of Bitcoin-indexed insurance and retirement products, marking a significant step in integrating cryptocurrency into mainstream finance.
La primera aseguradora de Bitcoin regulada de las Bermudas recaudó $ 82M para expandir los productos de vida y jubilación respaldados por criptografía.