“CoinList has been the premier platform to connect early adopters with high-quality token projects,” said Scott Keto, chief operating officer of CoinList. “As those projects have matured, CoinList has naturally evolved to support those projects and their backers through our spot exchange and mobile wallets, which demand sophisticated risk management solutions. Yet, despite the high demand for crypto insurance products, the market is still nascent and rudimentary. We are excited to partner with Nayms, Breach, and MakerDAO to build out and scale insurance and reinsurance solutions suitable for our sophisticated partners.”
The policy was inspired by a shortage of reinsurance capacity available to crypto risks and the need for the insurance industry to identify complementary sources of reinsurance capacity and collateral, Breach said. The company’s partnership with Nayms allows it to cover complex crypto risks at scale, similar to policies that cover traditional catastrophic risks in the P&C and surplus lines sectors.
“At Nayms, we are building the bridge between capital and risk for digital assets,” said Dan…
