Virtual – Canadian Blockchain Consortium – Round Table Discussion on Insuring Digital Assets
Join our Fintech Committee for a zoom Round Table Discussion on Insuring Digital Assets, Thursday Dec.8, 1pm MST / 3pm EST
Commercial liability, D&O and Cyber insurance have become table stakes for most companies today, especially for high-growth tech companies that are becoming a major pillar of Canada’s economy. For most of these companies acquiring adequate operating insurance coverage is pretty straightforward. Unfortunately, this is not the case for blockchain and digital asset businesses, especially if you take custody of those assets.
At the same time, this sector has strong institutional and regulatory demand for insurance. However, like banking, the coverage available to companies that deal with blockchain technology is very difficult to obtain and, once obtained, is often inadequate and/or cost-prohibitive, especially when a company takes custody of crypto assets or customer funds.
This has lead to some creative solutions that range from bespoke policies offered by traditional insurers like Lloyd’s of London, to self insurance solutions employed by Binance and BitGo, to a captive structure created by Gemini in Bermuda, to on-chain insurance products like Risk Harbour.
With the accelerating adoption of crypto assets across the world, it’s clear that adequate insurance and risk mitigation solutions are required if this industry is to safely play a prominent role in Canada’s economic future. The Canadian Blockchain Consortium FinTech Committee is very excited to present a panel of experts from the insurance and digital asset sector to discuss these challenges and opportunities.