LONDON–(BUSINESS WIRE)–Qredo is pleased to offer comprehensive custody insurance to interested Qredo Wallet users.
The cap, which protects assets held in wallets and in secure transmission throughout the trading process, provides a limit of up to $600 million.
Insurance coverage is critical to the development of the digital asset market, and this insurance marks a significant step forward in the quality and scope of protection available to institutional users of Qredo and their clients.
The offering adds to Qredo’s enterprise-grade security in the digital asset industry with a unique insurance partnership that gives users an extra layer of protection for their digital asset portfolio.
Subject to the full terms, conditions and exclusions, the policy provides:
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A total of $600 million of named perils cover at launch
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Insurance taken out with capacity from the London market.
For details on how to take advantage of Qredo’s industry-leading custody coverage for digital assets, please contact the Qredo Commercial team.
Ben Whitby, VP Strategic Partnerships and Regulatory Affairs, Qredo:
“Comprehensive insurance coverage held directly by users is one of the keys to unlocking the massive pent-up institutional demand for crypto-assets.
“With this policy, Qredo can now offer users one of the highest insured limits in the industry, with users benefiting from coverage from a leading London market underwriter and the security of Qredo’s market-leading decentralized multi-party computational encryption.”
With Qredo, digital asset custodians can access a solution that enables them to transfer digital asset storage risks through the private key management and storage lifecycle.
Disclaimer
This presentation has been prepared by Qredo Services Ltd (“Qredo”) for information only and shall not be considered an offer or solicitation of an offer to buy or sell insurance in the British Virgin Islands (“BVI”) or any jurisdiction where such offer or solicitation is illegal.
Qredo is not registered with or licensed by any financial regulatory authority in the BVI or elsewhere. Consequently, no BVI or other financial supervisory authority has passed on the content of this presentation.
This brief and any related conversations do not constitute solicitation of insurance business by Qredo Services Ltd, its affiliated companies or any of its employees.
About Qredo
Qredo is a decentralized infrastructure and product suite for digital asset management designed to open up new opportunities for institutional investors in digital assets and decentralized finance.
Qredo’s Layer 2 blockchain protocol enables users to seamlessly transfer and settle BTC, ETH, BNB Chain, Solana, Polkadot and ERC-20 tokens.
Assets are secured by Qredo’s advanced Gen 2.0 multi-party computation (MPC), which provides tier-1 banking security and institutional governance.
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