Chicago-based crypto insurer to launch in Hong Kong and Australia

It previously announced its capabilities to write policies in Canada and the UK.

Chicago-based cryptoasset insurer Evertas is expanding its footprints in Asia, adding Hong Kong and Australia to its list of countries it provides cryptoasset protection.

The insurer previously announced cryptoasset policy writing capacity in the US, Canada and the UK.

“Both Australia and Hong Kong have been home to more than their fair share of blockchain innovation. Some of the largest cryptocurrency exchanges were founded in Hong Kong, and both countries have much higher than average crypto adoption. Expanding into these markets makes sense and we’re eager to do business there and work to close the enormous coverage gap in Asia, as well,” said Evertas co-founder and CEO J. Gdanski.

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At the same time, Evertas also announced that thanks to newly expanded partnerships, it can offer crime and specie policies through a single underwriting. Specie is the name given to policies covering tangible, high value items, such as collectibles, and has been the policy type used to protect the majority of cryptoassets. The company also announced the availability of “slashing” policies, protecting the contents of custodial wallets against loss due to technology failures.

Evertas Inc. is a Chicago-based cryptoasset insurance company focused on covering the full spectrum of crypto risks for institutional holders of cryptoassets and blockchain technology, including exchanges, custodians, traditional financial institutions, funds, family offices, corporations, miners, and ultra-high net worth individuals. Licensed to operate as a Class 3A Insurer by the Bermuda Monetary Authority, Evertas offers full lifecycle cryptoasset insurance solution; a world leading underwriting framework, bespoke cryptoasset policy form and claims handling.