In an ever-changing digital world, where virtual assets are gaining in legitimacy and popularity but remain exposed to major risks, Howden offers an unprecedented response. This new insurance marks a turning point for cryptocurrency investors.
By combining financial coverage and legal support, Howden offers a dual solution that goes far beyond traditional insurance. The insurance broker responds to one of the crypto ecosystem's greatest challenges: chronic insecurity linked to hacking and theft. Its insurance therefore responds to the growing increase in such thefts, protecting cryptocurrency holders against financial losses due to malicious acts, while giving them access to a specialized legal team, capable of tracking down and potentially recovering stolen funds.
Thepresence of Lawrence Stephens, an expert firm in the field of digital assets, brings a new level of credibility and expertise to the sector. This solution targets both institutional investors and high-net-worth individuals, who are often unfamiliar with the technical and legal arcana of the cryptocurrency world.
Freddie Palmer, head of blockchain at Howden, makes no secret of the group's ambition to provide a comprehensive offering that anticipates protection needs, in a world where usage is evolving faster than guarantees. While marketplaces have been struggling for years to secure their assets via traditional insurers, Howden fills a gap that has become critical, finally offering investors a genuine safety net. This breakthrough comes against the backdrop of a rapidly changing regulatory environment. The UK government recently introduced a bill designed to provide a firmer framework for cryptoassets, a clear signal of a move towards mainstream adoption.
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