🤑 Crypto Meets Coffin: Anthea’s Ethereum Life Policy Raises $22M! 💀

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Finance

Darling, do pay attention! 🧐

  • Anthea, that plucky Bermuda-based crypto life insurer, has bagged a cool $22 million Series A, led by the ever-so-chic Yunfeng Financial Group. 💼✨
  • Funds will be squirreled away to launch the world’s first life insurance policy denominated in Ethereum-how frightfully modern! 🌐💎
  • Bermuda’s regulators have given their nod, signaling that even the crypto world can’t escape a bit of oversight. 📜⚖️

My dear, gather round! Anthea, that darling crypto life insurer based in Bermuda, has just raised a staggering $22 million in a Series A round led by Yunfeng Financial Group. And what for, you ask? Why, to launch the world’s first life insurance policy denominated in Ethereum tokens, of course! How utterly avant-garde! 🥂🚀

The company, whose mission is to marry life insurance with blockchain technology (a match made in heaven, or perhaps the metaverse?), claims the capital will speed up product development, expand its footprint across Asia, and keep the lights on as it builds its crypto-linked insurance platform. According to a press release on Wednesday, no less. 📢🌏

Now, cryptocurrency and insurance typically cross paths when it comes to covering the loss or theft of crypto assets held in cold storage-how dreadfully mundane. But Anthea has recently received in-principle approval from the Bermuda Monetary Authority to offer insurance denominated in digital assets. How positively daring! 🎩✨

The structure of Anthea’s policy is quite like any traditional life insurance policy, except it’s denominated in cryptocurrency. So, premiums, claim payments, maturity payouts, and loans will all be handled in the policy’s cryptocurrency. How convenient for those who simply can’t bear to part with their digital darlings! 💸🔗

This approach also caters to crypto investors who want protection without converting their holdings into fiat. How very thoughtful! The company also plans to integrate blockchain payment systems and explore ways to generate yield from crypto reserves. Oh, the possibilities! 🚀📈

“This funding round is more than capital-it’s a partnership with investors who share our vision,” cooed CEO Alex Pei, noting that Anthea’s backers include seasoned players in insurance and fintech. How utterly reassuring! 🤝💼

Take Yunfeng Financial Group, for instance, which holds licenses from the Hong Kong Securities and Futures Commission, has a controlling stake in MassMutual Insurance, and also holds a long-term insurance license and MPF trustee qualification from the Hong Kong Insurance Authority. Quite the pedigree, wouldn’t you say? 🏆📜

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2025-10-08 18:39