Nayms Revolutionizes On-Chain Insurance with New Funding
Nayms, a regulated marketplace for on-chain insurance, is making significant strides in the insurance sector with its innovative offerings. Based in Bermuda and St. Albans, UK, the company has recently raised an undisclosed amount in funding, bringing its valuation to an impressive $80 million. This funding round, which expands the total raised by Nayms to $12 million, saw participation from notable investors including UDHC, New Form, Tokentus, and Keyrock. The infusion of capital is set to bolster Nayms' product development and marketing initiatives while facilitating its accelerated global expansion efforts.
At the helm of Nayms is CEO Dan Roberts, who is steering the company towards creating a regulated marketplace tailored specifically for on-chain insurance.
This marketplace is designed to connect regulated brokers and underwriters with digital asset capital providers, enabling them to collaborate in sharing both the premiums and the liabilities associated with insuring digital assets. This innovative approach aims to address the growing demand for insurance solutions in the ever-evolving realm of digital finance and to provide robust coverage options for digital asset stakeholders.
As Nayms approaches the final stages of development, it is poised to launch several insurance programs in partnership with esteemed industry players such as Aon, Breach, and Evertas. These collaborations reflect Nayms’ commitment to delivering reliable insurance solutions that cater to the unique risks associated with digital assets. With their sights set on pioneering advancements in the on-chain insurance landscape, Nayms is not only enhancing its offerings but is also poised to contribute significantly to the broader insurance industry by integrating the benefits of blockchain technology.
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