Tabit Insurance, founded by former Bittrex executives, has completed a $40 million fundraising for Bitcoin reserves

Mar 24, 2025 21:13:47

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ChainCatcher news, Tabit Insurance, an insurance company founded by former Bittrex executives, has raised $40 million in reserves, which consists of Bitcoin, to engage in traditional insurance and reinsurance business.

It is reported that Tabit Insurance primarily offers Bitcoin-backed liability insurance and is a regulated risk underwriting entity that relies on Bitcoin reserves to formulate traditional insurance priced in USD. The company holds a Level 2 insurance license issued by the Barbados Financial Services Commission.

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