OneDegree collaborates with HKbitEX to cover digital assets

The insurer claims it is the first Asian insurer to do so.

Multi-line insurer OneDegree Hong Kong has partnered with digital asset exchange HKbitEX to offer cover for the latter’s sister company ON1ON.

Under the partnership, OneDegree covers private key loss and misappropriation due to physical damage to wallets caused by natural events, cybersecurity threats and employee theft.

“With our new product, we are delighted to help digital asset platforms like HKbitEX to stay competitive by providing peace of mind to investors that the platform will have the financial capability to reimburse losses resulting from an insured event,” Alvin Kwock, co-founder of OneDegree said.

A total of $100m of digital assets under management will be protected under the partnership. According to OneDegree they are the first insurer headquartered in Asia to provide coverage for digital assets.

Follow the link for more news on

OneDegree

Digital Assets Cover

Also Read

Tysers appoints new leaders to enhance APAC operations

Tokio Marine Kiln appoints new marine leader for APAC

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!

I want to download the media kit