Tabit Insurance, an insurance company founded by former Bittrex executives, has completed a fundraising of 40 million USD in insurance capital.
Powered by ChatGPTAccording to Foresight News and reported by CoinDesk, Tabit Insurance, regulated by Barbados, has raised $40 million in insurance funding, all backed by Bitcoin. The insurance company was founded by former executives of the now-defunct cryptocurrency exchange Bittrex and plans to offer Bitcoin-backed directors and officers liability insurance (D&O), priced in US dollars. Tabit holds a Class 2 insurance license issued by the Barbados Financial Services Commission.
According to Foresight News and reported by CoinDesk, Tabit Insurance, regulated by Barbados, has raised $40 million in insurance funding, all backed by Bitcoin. The insurance company was founded by former executives of the now-defunct cryptocurrency exchange Bittrex and plans to offer Bitcoin-backed directors and officers liability insurance (D&O), priced in US dollars. Tabit holds a Class 2 insurance license issued by the Barbados Financial Services Commission.