Matrixport secures USD 50M Insurance Coverage for Digital Assets Held with Cactus Custody from Canopius – QNT Press Release

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The insurance issued by market-leading global specialty (re)insurer, Canopius, will provide clients with extra assurance of world-class institutional custody services for digital assets

SINGAPORE, Oct. 3, 2022 /PRNewswire/ — Matrixport, one of the world’s largest digital assets financial services ecosystem, has announced the securing of USD 50 million of insurance coverage for digital assets[1] held in cold storage with Cactus Custody™its institutional custodian. In addition to enjoying additional insurance coverage, clients have the assurance of the group having passed and met the due diligence standards to be insured by one of the world’s largest crypto insurers.

Cynthia WuCOO of Matrixport, said: “We are glad to announce this insurance coverage by Canopiusone of the largest Lloyd’s of

Full story available on Benzinga.com

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