Cardiff-based Coincover secures €7.7 million for its cryptocurrency cover and recovery services
Summary
Coincover’s plug-and-play platform combines a policy underwritten by Lloyd’s of London with technology created by specialists across government, military and law enforcement. Crypto companies embed Coincover’s platform into their offering, giving their customers peace of mind when they’re investing and trading cryptocurrency. Hundreds of companies already use Coincover’s platform, including wallet providers BitGo, Curv and Fireblocks, with millions of potential end-users protected through its technology. With Coincover, we are providing a fundamental building block for a rapidly maturing market by ensuring that people can be protected against making a mistake that can end up costing them thousands. We’re excited to make this investment and work alongside Coincover’s world-class leadership team to raise additional awareness around these issues.” Sean Lippel, Head of Digital Assets at FinTech Collective, said: “The private key experience is still too foreign, cumbersome, and risky for mainstream crypto users.