Native
About Native
The startup develops an insurance platform that integrates traditional and blockchain-native coverage specifically for digital assets. This solution provides crypto-native businesses with tailored insurance options that adapt to the evolving risks associated with emerging technologies.
```xml <problem> Companies operating with digital assets face unique risks, including smart contract vulnerabilities, custody risks, and regulatory uncertainty, which are often inadequately addressed by traditional insurance offerings. The evolving landscape of Web3 and decentralized finance (DeFi) requires specialized coverage that can adapt to emerging threats and provide comprehensive protection for digital assets and crypto-native businesses. </problem> <solution> Native provides a comprehensive insurance and risk management platform tailored for digital asset companies, bridging the gap between traditional insurance and the decentralized world. The platform offers a range of services, including risk management consulting, binder broking, and risk assessment, alongside specialized insurance products such as custody insurance, smart contract cover, and crypto-denominated policies. Native leverages on-chain capital and partnerships with regulated insurance companies to deliver innovative risk transfer solutions, including mutuals and captives, designed for the unique needs of the crypto industry. Through the Native Network, insurance brokers gain access to exclusive products, a $20 million on-chain syndicate, and tools to navigate the complexities of digital asset insurance. </solution> <features> - Traditional insurance products: Directors and Officers, Cyber, Professional Indemnity, M&A, Property, and Kidnap & Ransom - Crypto-specific insurance products: Custody insurance and smart contract cover - Onchain services: Access to a $20 million onchain syndicate for underwriting complex risks - Crypto-denominated policies: Insurance coverage in digital assets - Risk management consulting: Expert advice on identifying and mitigating technology risks - Native Network: Exclusive international wholesale broker network with access to crypto and blockchain capabilities - Alternative risk transfer programs: Mutuals and captives designed for complex risk management needs - Integration with Nexus Mutual and the Lightning Network - NFT-based proof of coverage </features> <target_audience> Native's primary customers include crypto-native businesses such as exchanges, custodians, DeFi protocols, NFT projects, Layer 1 and Layer 2 solutions, as well as traditional financial institutions engaging with digital assets. The platform also targets insurance brokers seeking to expand their offerings with specialized crypto insurance products and access onchain capital. </target_audience> ```
What does Native do?
The startup develops an insurance platform that integrates traditional and blockchain-native coverage specifically for digital assets. This solution provides crypto-native businesses with tailored insurance options that adapt to the evolving risks associated with emerging technologies.
Where is Native located?
Native is based in London, United Kingdom.
When was Native founded?
Native was founded in 2024.
How much funding has Native raised?
Native has raised 2600000.
- Location
- London, United Kingdom
- Founded
- 2024
- Funding
- 2600000
- Employees
- 10 employees
- Major Investors
- Nexus Mutual