Crypto Insurance Firm Evertas Bucks Bear Market With $14M Raise

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Crypto insurance firm Evertas raised a $14 million Series A round, led by polychaincap, with participation from SinoGlobalCap, realMatrixport, HashKey_Capital and others. By IanAllison123

, has raised a $14 million funding, underlining the need for assurances within the turbulent, unpredictable digital asset space.$5.8 million seed fundingInsurance of cryptocurrency wallets against hacks, thefts and natural disasters hasn’t convinced all the major exchanges to be worth the squeeze, thanks to things like high premium, combined with unclear policy definitions.

“There are things that come out of these massive crises in the space that we’ve had in our underwriting for three or four years,” Gdanski said in an interview with CoinDesk. “That includes things like trust accounts, segregation of assets, clear delineation of ownership in the event of bankruptcy or insolvency, having appropriate boards in place.”

 

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