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News Explorer — Tabit Insurance Pioneers Are Using Bitcoin Reserves to Write Traditional Insurance Policies in Barbados

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Mar 24, 1:00 pm

Coindesk

Tabit Insurance Pioneers Are Using Bitcoin Reserves to Write Traditional Insurance Policies in Barbados

Tabit Insurance, founded by former Bittrex executives, raised a $40 million reserve in bitcoin to underwrite traditional insurance policies. The Barbados-regulated insurer offers liability coverage for directors and officers, using bitcoin-only reserves for U.S. dollar-priced policies.

Tabit Insurance, founded by former Bittrex executives, raised a $40 million reserve in bitcoin to underwrite traditional insurance policies. The Barbados-regulated insurer offers liability coverage for directors and officers, using bitcoin-only reserves for U.S. dollar-priced policies.

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