Bitcoin life insurance provider Meanwhile has raised 82 million dollars in a recent funding round, led by Haun Ventures & Bain Capital Crypto.
The Bermuda Monetary Authority has regulated the firm and it plans to use these funds to help meet its financial obligations. “surging demand” Bitcoins as a retirement fund “inflation-proof” According to an announcement made on Tuesday, there are savings products available.
The company offers Bitcoin life insurance policies, annuities and savings products for individuals, institutions and even businesses. Premiums, policy values, claims and all other aspects are handled in Bitcoin.BTC).
The funding round was also supported by Apollo, Stillmark, and Northwestern Mutual Future Ventures.
New funding will bring Meanwhile’s total capital raised in 2025 Framework Ventures & Fulgur Ventures led the $40 million Series A in April.
Zactownsend, CEO at Meanwhile, said to Cointelegraph, that investors who come from crypto as well as traditional finance will show a greater interest in the cryptocurrency market. “both domains see Bitcoin as a foundational asset for savings, protection, and intergenerational wealth transfer.”
He also said that regulations will improve as he hopes. “insurers and reinsurers to treat Bitcoin as a complement to sovereign fixed income.”
According to investors backing the Meanwhile project, a Bitcoin economy would create a growing demand for BTC denominated financial products. “Just as the US economy was built on insurance, pensions, and mortgages, the Bitcoin economy will require its own long-duration financial products,” Chris Ahn is a Haun Ventures partner.
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Crypto insurance
Launched in June 2023 $19 million in seed funding Gradient Ventures, Google’s AI-focused fund and OpenAI’s Sam Altman’s CEO are among the investors.
Tabit Insurance, a Barbados-based insurer, will be launching its new policy in March 2025. raised $40 million in BTC To back up its traditional insurance policy. The company at the time claimed that it was the first insurer of property and casualty to have its entire reserve held in Bitcoin.
There is also a new market that connects insurance brokers, underwriters and digital assets capital.
Nayms is one example — an onchain insurance marketplace that links capital providers and brokers through segregated accounts.
An example of this is EnsuroDeFi Investors can diversify portfolios with a (re-)insurer based on blockchain technology.
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Source: cointelegraph.com
