Tabit Insurance Raises $40 Million in Bitcoin for Policies
- Tabit Insurance, based in Bermuda, has raised $40 million in Bitcoin.
- The company was founded by William Shihara and Steven Stoneberg.
- Tabit offers Bitcoin-backed Directors and Officers (D&O) insurance policies.
- The firm operates under a second-class license from Barbados’ Financial Services Commission.
- Bitcoin holders can earn up to 10% returns by depositing into Tabit’s segregated reserve cells.
Bermuda-based Tabit Insurance, founded by William Shihara and Steven Stoneberg, has raised $40 million in Bitcoin to offer innovative insurance policies. Operating under a Barbados license, the company provides Bitcoin-backed D&O insurance with potential returns of up to 10% for Bitcoin depositors.
Source (2.6)https://hodl.press/tabit-insurance-raises-40m-in-bitcoin-for-policies/?rand=24434
