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HomeBusiness NewsBusinessLloyd’s of London now providing crypto insurance?

Lloyd’s of London now providing crypto insurance?

by Purvai Dua
28th Aug 18 2:02 pm

Kingdom Trust, a company that stores digital currency for investors, has confirmed securing insurance cover through Lloyd’s of London to protect against theft and destruction of those assets.

Confirming the development, Matt Jennings, CEO, Kingdom Trust, today stated: “We serve both institutional and individual investors by providing qualified custody, which gives our clients the framework they need to ensure compliance with their regulators using clear and transparent reporting.”

Jennings,however, declined to comment on the identity of the insurer that underwrote Kingdom Trust’s coverage through the Lloyd’s marketplace or the policy’s cost and specific terms.

A spokesman for Lloyd’s has declined to comment.

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