Bitcoin-based life insurer Meanwhile raised $82m in a funding round that was led by Haun Ventures and Bain Capital Crypto.
The Bermuda Monetary Authority regulates the company and plans to utilize the funds for meeting its obligations. “surging demand” Bitcoins as a retirement fund “inflation-proof” A Tuesday announcement revealed that savings products are available.
Now offers Bitcoin-based insurance products, including life insurance and annuities for both individuals and institutions. All premiums, policies values, and claims are managed in Bitcoin.BTC).
The funding round was also supported by Apollo, Stillmark, and Northwestern Mutual Future Ventures.
This new funding provides Meanwhile’s total capital raised in 2025 The Series A round of $40 million led by Framework Ventures, Fulgur Ventures and others in April has now grown to $122,00,000.
Zac Townsend CEO of Meanwhile told Cointelegraph having investors in both traditional and crypto finance shows. “both domains see Bitcoin as a foundational asset for savings, protection, and intergenerational wealth transfer.”
As regulations improve, He said he anticipates “insurers and reinsurers to treat Bitcoin as a complement to sovereign fixed income.”
Investors supporting Meanwhile claim that a Bitcoin-based economic system will lead to a greater demand for BTC-denominated 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 said, Haun Ventures’ partner Chris Ahn.
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Insuring in Crypto
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 Back its traditional policies. 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.
Here is another example: EnsuroA blockchain-based insurance company that allows DeFi investors to diversify their portfolios through real-world risk.
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Source: cointelegraph.com
