Hong Kong-based digital asset insurer OneInfinity has announced the launch of a stablecoin insurance and risk management solution
2024-07-21 08:00:42
Hong Kong virtual asset insurance business oneinfinity by onedegreedesk3cryptocurrencydesktopCrypto News
OneInfinity by OneDegree, a Hong Kong-based virtual asset insurance provider, said it has shared views and submitted comments on licensing conditions and requirements, including an analysis of past major mistakes in the stablecoin sector, wallet and custody risks, and operational risks, etc., to propose the need for virtual asset wallets to be held in custody, and continuous on-chain and off-chain monitoring. OneInfinity by OneDegree Operations Director Zhang Yu said that customized insurance and risk management solutions have been developed to help stablecoin issuers manage risks related to cyber security, wallets, operations, and smart contracts.
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