The investment will largely be placed into pilot programmes as the firm aims for a full launch in 2021.
“It is our belief that the problem of scaling insurance protection for the digital asset space will be solved through a collaboration between regulated underwriters/brokers and capital markets. Nayms is building the infrastructure to facilitate this collaboration.”
The startup uses smart contracts to collateralise cryptocurrency risk with matching crypto-assets, therefore bringing insurance with no FX-risk to a largely uninsured market.
Dan Robers, CEO at Nayms, said: “Nayms is on a mission with our ecosystem of investors, partners, advisors and our growing team to provide brokers with a tradable, transparent, traceable and trusted insurance contract for this emerging risk category of digital assets.
“We look forward to seeing how the world’s brokers start interacting with this technology in the months and years to come. We welcome our new investors who join us at this key time in our company’s development.”