Tabit Insurance SCC has launched a $40 million insurance facility entirely funded with Bitcoin, marking a first for a property casualty insurer to hold regulatory reserves in cryptocurrency. This innovative funding model allows for real-time reserve verification, enhancing transparency that the traditional insurance industry lacks. Operating under a segregated cell structure, Tabit lets Bitcoin holders access USD returns. Leaders William Shihara and Stephen Stonberg emphasized the importance of combining traditional financial strength with digital assets to better serve an evolving market.
William Shihara, co-founder of Tabit...
At Tabit, we saw a clear opportunity to enhance transparency...
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