GK8 increases insurance cap on digital assets to $1B By Cointelegraph
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GK8 increases insurance cap on digital assets to $1BDigital asset custody platform GK8 has partnered with USI Insurance Services to expand its insurance policy for institutional customers — a move the company said would incentivize banks and other financial institutions to start investing in cryptocurrency.
The insurance policy offers up to $1 billion of coverage per client for digital assets stored with GK8’s offline “cold vault” and up to $125 million for assets stored via its multiparty-computation-based institutional wallet. GK8 said the insurance caps, announced on Nov. 28, are significantly higher than any other digital asset policies on the market today.
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GK8 increases insurance cap on digital assets to $1BDigital asset custody platform GK8 has partnered with USI Insurance Services to expand its insurance policy for institutional customers — a move the company said would incentivize banks and other financial institutions to start investing in cryptocurrency.
The insurance policy offers up to $1 billion of coverage per client for digital assets stored with GK8’s offline “cold vault” and up to $125 million for assets stored via its multiparty-computation-based institutional wallet. GK8 said the insurance caps, announced on Nov. 28, are significantly higher than any other digital asset policies on the market today.
Continue Reading on Coin Telegraph
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