Anthea Holding Restricted, a worldwide fintech group centered on crypto-denominated life insurance coverage merchandise, has raised $22 million in Collection A funding. The spherical was led by Yunfeng Monetary Group, with participation from insurance coverage, wealth administration, and fintech traders.
The funding will assist the launch of Anthea’s first life insurance coverage product on Ethereum, which is claimed to be the primary of its type on this planet. The corporate plans to make use of the funds to broaden its enterprise, develop new merchandise and strengthen its presence throughout Asian markets.
This announcement follows Anthea Insurance coverage Restricted receiving approval in precept from the Bermuda Financial Authority to register as an Revolutionary Insurance coverage Firm. The funding can even advance integration with blockchain-based cost techniques, enabling insurance coverage options that generate yield for each crypto and conventional traders.
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