EddieJayonCrypto
8 Oct 25
Bermuda-based Anthea secures $22M in Series A funding to launch the first life insurance policy denominated in Ethereum, merging blockchain technology with traditional insurance to protect digital assets without fiat conversion.
**Anthea Launches World’s First Ethereum-Linked Life Insurance Policy with $22M Series A Funding** Bermuda-based crypto life insurer Anthea has made history by securing $22 million in a Series A funding round led by Yunfeng Financial Group, marking the launch of the world’s first life insurance product denominated in Ethereum (ETH). The milestone signals a bold step toward merging blockchain technology with traditional insurance, offering crypto investors a novel way to protect their digital assets without converting them into fiat currency. The funding, announced in a press release on Wednesday, will accelerate Anthea’s product development, expand its presence across Asia, and support the growth of its crypto-linked insurance platform. The company has already received in-principle approval from the Bermuda Monetary Authority to offer insurance products tied to digital assets, paving the way for its innovative approach. **A Blockchain-Backed Life Insurance Model** Anthea’s policy structure mirrors traditional life insurance but operates entirely on blockchain. Premiums, claim payments, maturity payouts, and even loans will be processed in cryptocurrency, eliminating the need for fiat conversions. This model caters to crypto investors seeking protection for their holdings while maintaining exposure to digital assets. “We’re redefining the intersection of insurance and blockchain,” said CEO Alex Pei. “This funding round is more than capital—it’s a partnership with investors who share our vision of empowering crypto holders with secure, flexible solutions.” The company plans to integrate blockchain payment systems and explore ways to generate yield from its crypto reserves, further aligning with the decentralized finance (DeFi) ethos. **Yunfeng Financial Group: A Strategic Backer** Yunfeng Financial Group, the lead investor, brings significant expertise to the table. With a controlling stake in MassMutual Insurance and licenses from the Hong Kong Securities and Futures Commission, the firm underscores the credibility of Anthea’s vision. Yunfeng’s involvement also highlights growing interest in crypto-insurance solutions, as traditional financial institutions increasingly explore blockchain opportunities. **A New Era for Crypto Insurance** While the insurance industry has long addressed risks like crypto theft or loss, Anthea’s offering represents a paradigm shift. By denominating policies in ETH, the company addresses the unique needs of a market that values liquidity and exposure to digital assets. As Anthea expands its footprint, the launch of this Ethereum-linked life insurance product could set a precedent for how blockchain technology reshapes financial services, blending innovation with the stability of traditional insurance frameworks. For crypto enthusiasts and industry observers alike, Anthea’s success underscores the potential for blockchain to disrupt even the most traditional sectors—proving that the future of insurance is as dynamic as the technology behind it.