The crypto insurance brokerage firm Native has completed a $2.6 million seed round financing, led by Nexus Mutual

2024-10-29 17:02:28

Collection

ChainCatcher news, the crypto insurance brokerage Native has completed a $2.6 million seed round financing, led by Nexus Mutual.

Native will provide $20 million of on-chain insurance for each risk and will operate a fund pool on Nexus Mutual.

Ben Davies, co-founder and CEO of Native, stated in an interview: "Native's role is to help address the long-standing issue of underinsurance in the market. Without a liquid insurance market, no industry can thrive, which is why we have established an on-chain commercial insurance brokerage, something that the market truly lacks."

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.