Digital asset protection: Custody Cover
Safeguarding the crypto economy
When digital assets are placed in the custody of a third party, trust in the custody solution is key. Compared to the traditional financial system, customers in the crypto economy often feel uneasy.
Munich Re’s Custody Cover generates trust and confidence in an insured custody solution and enhances the safeguarding promise given on a long-term basis. Ultimately, Munich Re’s insurance backing will make the adoption of crypto safer and more attractive to custody users, custodians and custody tech providers.
Crypto asset service providers face multiple challenges
Our Custody Cover creates trust and confidence in custodians’ solutions
Depending on the type and scope of coverage, our digital asset Custody Cover indemnifies the loss of digital assets in custody, thus providing an additional layer of protection for digital assets.
The Custody Cover can insure custody providers, providers of the underlying infrastructure, or digital asset investor directly.
It protects against theft and permanent loss of digital assets.
Who benefits from the Digital Asset Protection?
- Digital Asset Custodians
- Custody Tech Providers (e.g. custody infrastructure providers)
- Institutional Asset Holders (e.g. banks, institutional investors, digital asset managers, family offices, etc.)