Anthea, an crypto life-based life-based life, has raised $ 22 million as part of a series cycle led by Yunfeng Financial Group to launch what he calls the first life insurance product to the world labeled in Ethereum tokens. .
The company, whose objective is to merge life insurance with Blockchain technology, said that capital would accelerate product development, expand its presence through Asia and support current operations while developing its insurance platform linked to cryptography, according to a press release published on Wednesday.
The worlds of cryptocurrency and insurance generally meet when it comes to providing coverage in the event of loss or theft of cryptographic assets held in a cold room, etc. But Anthea recently received the principle approval from the Bermuda monetary authority to offer insurance denominated in digital assets.
The structure of the Anthea police is parallel to any traditional life insurance policy, except that they are denominated in cryptocurrency, so that the bonuses, the payments of the claims, the payments at maturity and the loans will all be treated in the cryptocurrency of the police.
The approach also targets investors in crypto who wish to protect themselves without converting their assets into a Fiat. The company also plans to integrate blockchain payment systems and explore ways to generate yield from cryptographic reserves.
“This financing cycle is more than a simple capital: it is a partnership with investors who share our vision,” said CEO Alex Pei, stressing that Anthea donors include experienced players in the insurance and fintech fields.
For example, Yunfeng Financial Group, which holds licenses from Hong Kong Securities and Futures Commission, has a majority participation in Massmutual Insurance and also has a long -term insurance license and a qualification of MPF administrator of Hong Kong Insurance Authority.
