Crypto.com with over 140 million users worldwide and a reputation of leadership in security, privacy and regulatory compliance has ensured USD $120 million worth of crime/specie insurance coverage over the digital assets held by Crypto.com Custody Trust Company. It is a U.S.-based company that offers institutional and qualified clients in North America secure and compliant custody services of their crypto assets.
The package insurance that is organized by Aon is a leading international professional services firm, is covered by a syndicate of the best insurers under a Lloyds of London. It is covered with $100 million digital assets held in cold wallets protection against physical loss, theft, and destruction. A further 20 million takes care of the crime and third party thefts, ensuring full coverage to the operation of custody.
Safety and security are essentials in the foundation of building Crypto.com, which is what Joe Anzures, President of Crypto.com Custody Trust Company, mentioned. This insurance cover depicts our undying efforts to provide global quality cover to our institutional customers.
“We built Crypto.com on a foundation of safety and security,” said Joe Anzures, President of Crypto.com Custody Trust Company. “Our insurance policy arranged by Aon for assets within Crypto.com Custody Trust Company is the latest example of our efforts to safeguard our customers and provide a best-in-class offering our clients can be reassured by.”
“At Aon, we are committed to meeting the emerging needs of the digital asset space and ensuring that risks are managed effectively,” said Glenn Morgan, Head of Digital Assets, at Aon. “Designing the right insurance programs will foster the healthy growth of this technology and create more secure and trusted engagements with the crypto economy.”
About Crypto.com
Established in 2016, Crypto.com has grown to be one of the most recognized cryptocurrency players, compliant with regulations, and security of design. The company has a mission of putting Cryptocurrency in Every Wallet- amassing an audience of more than 140 million users across the globe- and is capable of delivering secure trading services and custody solutions as well as payments. Its innovative strategy promotes digital financial system more equitable, and accessible.
Get to know more about institutional custody services here: https://crypto.com/us/custody
