Tabit Insurance completes fundraising of $40 million in bitcoin reserves
2025-03-24 13:18:03
Tabit Insurance, an insurance company founded by former Bittrex executives, has raised a $40 million reserve fund made up of bitcoin for traditional insurance and reinsurance business. Tabit Insurance is understood to provide bitcoin-backed liability insurance and is a regulated risk underwriter that relies on bitcoin reserves to develop traditional insurance denominated in dollars. The company has a Tier 2 insurance license issued by the Financial Services Commission of Barbados.
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