Tabit offers USD insurance policies backed by Bitcoin regulatory capital

Barbados-based insurer Tabit has raised $40 million in Bitcoin for its insurance facility, in a move the company said would bolster its balance sheet and allow the insurance sector to capitalize on digital assets. Tabit's Bitcoin BTC BTC - $82906.336 regulatory capital will be used to back traditional insurance policies, which are all denominated in US dollars, the company disclosed in a March 24 announcement.

Source: cointelegraph.com

Related symbols: INSURANCEUSD

2025-03-24 16:39:04 GMT.

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