Anthea Secures $22M for Ethereum-Denominated Life Insurance Product
- Anthea, a Bermuda-based life insurer, raised $22 million in a Series A funding round led by Yunfeng Financial Group.
- The company aims to launch the world’s first life insurance product denominated in Ethereum tokens.
- The Bermuda Monetary Authority has granted Anthea in-principle approval to offer insurance in digital assets.
- Premiums and claims will be handled in cryptocurrency, targeting investors who prefer not to convert their holdings to fiat.
- Anthea plans to integrate blockchain payment systems and explore yield generation from crypto reserves.
This funding will accelerate product development and expand Anthea’s operations across Asia as it builds its crypto-linked insurance platform. The partnership with investors reflects a shared vision for merging life insurance with blockchain technology.
With the recent funding of $22 million, Anthea is positioned to innovate in the insurance sector by offering policies that align with the growing demand for crypto solutions.(Source)
