BTC-denominated insurance firm meanwhile secures $40m in VC funding

A life insurance company denominated by Bitcoin regulated by the Bermuda monetary authority called for 40 million dollars in an A series funding series.

The company, whose pioneering product is a bitcoin (BTC) Label in all life insurance, announcement He collected funding in a round co-directed by venture capital companies Fulgur.ventures and frameworks companies.

Fulgur.ventures is a BTC-focused VC, while Framework Ventures is a leading investor in financial funds and decentralized cryptocurrency funds. Meanwhile, also attracted the participation of Wences Casares, a Bitcoin pioneer and co-founder of Bitcoin compatible Xapo Bank.

The company, founded three years ago, will use capital injection to accelerate the global deployment of its life insurance and its annuities denominated in BTC. It aims to provide your insurance offers to millions of users, with products designed to protect themselves from various risks.

“Everyone deserves access to financial products that maintain their value over time, in particular for long -term planning and family protection. This funding allows us to reach more people who are concerned about political risk, monetary risk, risk of inflation or risk of diet,” wrote the company on X.

Bitcoin’s wording insurance product offers features that traditional financial products do not do so. It includes protection against the discharge of currencies, as well as tax advantages and liquidity on demand.

“An impossible task was to create a global life insurer entirely called Bitcoin”, ” said Zac Townsend, founder of during this time. “We accept bonuses, pay complaints and make our finances, reserves and our solvency calculations audited entirely in Bitcoin”

For Bitcoin holders, company insurance policies go beyond the preservation of wealth for future generations. Police holders are exposed to the long -term growth potential of Bitcoin.

Meanwhile, previously raised $ 20.5 million in its seed lathe, which attracted the support of the CEO of Openai, Sam Altman, and the CEO of Bitwise Hunter Horsley, among others.