Aegis Trust recently announced that the policy, insured by Lloyd’s of London, will allow Aegis to insure up to $25 million in tokenized assets held by institutional investors, hedge funds and exchanges.
NFT Insurance Policy
While crypto coins and NFT markets are in the bear period, digital asset insurance is the subject of discussion. In March of this year, insurance company IMA established its office in Decentraland to protect tokenized assets, and after the FTX case, interest in keeping digital assets safe appears to be growing.
Serra Wei, CEO of Aegis Trust, told CoinDesk that the lack of regulation and protection has led to clients losing their assets, leading the company to launch a custody product targeting NFTs. The Aegis Digital Vault platform offers regulatory-compliant storage services for existing corporates using an increased security layer with the NFT insurance policy.
Serra Wei, CEO of Aegis Trust said: “We are focusing on the security of the infrastructure. And that’s really fundamental for institutions, which are still the majority of the value that has come into the crypto market. “Being able to put that layer on top of what we already offer to clients I think is critical.”
Aegis trust had a collaboration with Coinbase Cloud in August of this year to provide storage and staking for Evmos and Avalanche. In the same way, they continued similar studies in previous years. Let’s talk about a few of them; It received regulatory approval from the Banking division of South Dakota to create its trust in December 2020, and Institutional custodians BitGo and Anchorage were granted operating status in the same state.
About Lloyd’s of London
Lloyd of London, commonly known as Lloyd’s for short, is a London-based insurance and reinsurance company. Unlike most of its competitors in the industry, it is not an insurance company; Lloyd’s is a corporate body governed by Lloyd’s Act 1871 and subsequent Acts of Parliament.
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