Evertas Expands Coverage for Digital Assets

Evertas Enhances Digital Asset Insurance

Evertas, a pioneering insurance company specializing in digital assets, has made significant strides by increasing its coverage limits and expanding its portfolio to include mining operations. This development marks a substantial enhancement in the insurance options available for blockchain-focused projects.

Increased Coverage Limits

The company has raised its per-policy coverage limits for custodial crypto assets to $420 million. This increase nearly triples the previous risk transfer capacity available to projects within the blockchain sector. By offering higher coverage limits, Evertas aims to provide more robust protection for digital asset custodians and enhance the security of their holdings.

Inclusion of Mining Operations

In a strategic move, Evertas has also included mining operations in its insurance portfolio. This expansion reflects the growing importance of mining activities within the cryptocurrency ecosystem. By covering mining operations, Evertas addresses a crucial aspect of the digital asset industry, offering comprehensive solutions that cater to the evolving needs of blockchain enterprises.

Implications for Blockchain Projects

The increased coverage and expanded offerings by Evertas are set to provide significant benefits for blockchain projects. With enhanced insurance options, these projects can manage risks more effectively, ensuring greater stability and security in their operations. This development is poised to foster trust and confidence among stakeholders in the digital asset space.

Evertas' initiative underscores its commitment to supporting the growth and sustainability of the digital asset industry, positioning itself as a leader in providing tailored insurance solutions for this rapidly evolving sector.