Hong Kong online insurance company OneDegree has completed a $27 million financing round to expand its digital asset insurance business
ChainCatcher news, Hong Kong's first batch of insurtech startup OneDegree, which has obtained a virtual insurance license, has completed a new round of financing of $27 million, with participation from Gobi Partners, Sun Hung Kai, and Bitrock. The new funds will be used to further expand its digital asset insurance portfolio.
OneDegree co-founder Alvin Kwock Yin-lun stated in an interview regarding this financing news that they will focus more on providing insurance for virtual asset trading platforms and operators. It first launched cryptocurrency insurance in November 2021, providing HKD 100 million in insurance for the cryptocurrency exchange Hong Kong Digital Asset Exchange. (source link)
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