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Is a Bermuda-based life insurance company regulated by the Bermuda Monetary Authority, offering core products fully denominated and settled in Bitcoin. The platform uses AI-driven underwriting to simplify applications and invests its Bitcoin reserves in conservative lending and credit strategies to generate yield and back policy liabilities.
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About Meanwhile
Meanwhile is a licensed life insurance company in Bermuda that operates entirely in Bitcoin. Its core products are BTC-denominated whole life insurance and annuities: premiums, policy values, and death benefits are all calculated and settled in BTC, with no fiat currency involved. The company is regulated by the Bermuda Monetary Authority, and customer assets are held by institutional custodians.
Its main selling point is the closed-loop Bitcoin design. Policyholders can use BTC to pay premiums, obtain life coverage, and later borrow against the policy (up to 90% of the surrender value) without selling their Bitcoin. This avoids triggering taxable events while maintaining liquidity. The death benefit is paid directly in BTC to beneficiaries, bypassing probate and inheritance complexities.
The market pain point it addresses is the dilemma faced by long-term Bitcoin holders: holding BTC directly carries self-custody risks and no insurance protection, while converting to fiat for traditional insurance triggers tax events and loses BTC upside. Meanwhile lets users keep BTC exposure while gaining life insurance protection and a borrowing facility.
Regarding recent developments (February to August 2026), the company has been expanding its product line and improving the policy loan experience, though specific milestones are not publicly confirmed. No major negative events were reported during this period.
Meanwhile, a BTC-denominated life insurer, was founded in 2022 with a clear product direction and business model. In 2023, it refined its product and addressed regulatory, compliance, and risk-control challenges. In August 2024, it received a Class III (Innovative) long-term insurer license from the Bermuda Monetary Authority (BMA), becoming the first BMA-licensed digital asset life insurer. In April 2025, it completed a $40 million Series A round led by Framework Ventures, which was the firm's largest equity investment at the time. In July 2025, Haun Ventures and Bain Capital Crypto led a subsequent $82 million financing, bringing total funding to $143 million and marking a significant valuation increase. The company offers BTC-denominated whole life insurance with fixed BTC premiums, guaranteed BTC death benefits, and tax-efficient BTC loans. Its assets under management grew from 220 BTC in 2024 to over 660 BTC by late 2025, with zero credit losses or custody incidents since inception. These milestones demonstrate its pioneering role in regulated digital asset insurance.
In the past six months, Meanwhile released its 2025 audited financial statements: total assets reached 1,183.11 BTC, up 437% year-over-year; net income was 20.89 BTC, marking a second consecutive profitable year; capital and surplus stood at 759.11 BTC. The company remains the first life insurer with BTC-denominated audited financials. Official 2026 priorities include broadening the product line (e.g., BTC-denominated annuities, savings products), hardening infrastructure, deepening institutional relationships, and continuing to operate under the BMA framework. The minimum premium threshold has been lowered to 0.25 BTC.
Co-founders:
Zachary Townsend (Co-founder & CEO): Former McKinsey consultant, served as Chief Data Officer for California and Senior Advisor to Newark's mayor. Founded Meanwhile in 2022.
Max Gasner (Co-founder & CTO): Previously built products at Standard Treasury and other fintechs. Leads technology and engineering.
Core executives:
Jim Cristallo (Chief Insurance Officer): 20-year veteran at New York Life, joined in 2022.
Tia Beckmann (Chief Financial Officer): Expertise in insurance finance and actuarial science, previously at MetLife and A.M. Best.
Alice Tregunna (Chief Compliance Officer): Risk and compliance expert with background in insurance regulation.
Danny Baer (Director of Wealth & Asset Management): Focuses on investment strategies and client wealth solutions.