Gemini Trust is the digital asset exchange founded by the Winklevoss twins of Facebook fame. Today the company announced that Aon arranged insurance cover for custodied digital assets. According to Gemini, the un-named carriers are a global consortium of leading insurers.
The company says they were able to demonstrate to underwriters that the company is a “leading, best-in-class exchange and custodian.”
“Consumers are looking for the same levels of insured protection they’re used to being afforded by traditional financial institutions,” said Yusuf Hussain, Gemini’s Head of Risk. “Educating our insurers not only allows us to provide such protections to our customers, but it also sets the expectation for consumer protection across the crypto industry.”
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