Photo courtesy of Canopius

Canopius launches digital asset custody product in Lloyd's Asia platform

It offers to cover up to $130m for eligible custody solutions.

Global speciality reinsurer Canopius' digital asset custody solution is now available in Lloyd’s Asia platform.

The solution offers protection for the custody of digital assets.

The solution will secure the generation and storage of private keys used in transferring digital assets on a blockchain. Further, it offers coverage up to $130m for eligible custody solutions, combining traditionally separate coverages found in the Crime and Specie markets. 

ALSO READ: Canopius names two heads to boost P&C reinsurance services in APAC

It is designed to cater to financial institutions and offers comprehensive protection for a wide range of digital assets, encompassing cryptocurrencies, stablecoins, as well as various types of crypto tokens, including non-fungible tokens (NFTs) and asset-backed tokens, Canopius said in a press announcement.

The launch follows the product Canopius Syndicate 4444 ventures in London, which also signalled a growing demand in the APAC region for digital asset holdings

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

"not in top classification"
array:1 [
  0 => "16"

Top News

Life insurance revenue down in Q1, claim payments up
The Indonesian life insurance market recorded 87.54 million individuals insured in the first quarter.
Virtual insurer surpasses HK$60b sales in four years
This made the virtual insurer top rank in direct sales channels in terms of policies sold.
Sun Life Hong Kong introduces eSunPro
The platform will be exclusive to Sun Life Hong Kong clients who can avail of assistance for treatments and recovery.