21M Insurance partners with Cobo to introduce institutional-grade MPC custody, securing and ensuring compliance for its Bitcoin life insurance

2025.11.03

21M Insurance partners with Cobo to introduce institutional-grade MPC custody, securing and ensuring compliance for its Bitcoin life insurance

The two parties' cooperation will initially cover asset custody for 21M Bitcoin-denominated whole life insurance products, and subsequently expand to other scenarios such as custodianship for tokenized policy asset management and lending protocol funds, depending on business development.

2025.11.03 - 07:32:20

Cobo21MInsurance

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21M Insurance (hereinafter "21M"), one of the world's first crypto-native insurance institutions, has announced a strategic partnership with Cobo, an international leading digital asset custody and wallet infrastructure provider. 21M will leverage Cobo’s MPC wallet technology to deliver institutional-grade security for its Bitcoin-denominated life insurance products and its smart underwriting and risk control engine.

Following the January 2024 approval of Bitcoin ETFs, which set a record as the most successful product launch in financial history, institutional demand for Bitcoin allocation has surged. However, traditional insurers have remained unable to enter this space due to regulatory capital requirements, balance sheet constraints, and technological limitations. In this context, 21M, prioritizing asset security, has partnered with Cobo to pioneer blockchain-native compliance infrastructure and operational frameworks for the multi-trillion-dollar insurance market.

The collaboration will initially cover custody for assets backing 21M’s Bitcoin-denominated life insurance products, with plans to expand into tokenized policy asset management and custodial services for lending protocols as the business evolves. Cobo’s institutional-grade MPC wallet custody technology will provide 21M with multi-layered security, flexible permission controls, and auditable asset records, effectively mitigating operational risks from single points of failure. This ensures the highest level of protection for policyholders’ Bitcoin assets while meeting compliance and audit requirements across major global jurisdictions, delivering a secure, transparent, and efficient operating environment.

Richard, CBO of 21M, said:

"As one of the world’s first crypto-native insurers, partnering with a top-tier custodian like Cobo—boasting a zero-incident track record—is foundational to securing our policyholders’ assets. Traditional insurers are locked out of Bitcoin insurance due to technical and regulatory barriers, creating a unique structural moat for 21M. Through deep collaboration with Cobo, we are building a secure, transparent, and efficient blockchain-native insurance ecosystem, enabling insurance to grow in tandem with Bitcoin adoption. This is not just product innovation—it’s a paradigm shift in insurance infrastructure."

Alex Zuo, SVP at Cobo, said:

"In the innovative field of digital asset insurance, institutions need more than just technology—they require trusted, secure, and forward-looking infrastructure. Cobo will provide 21M’s Bitcoin life insurance offerings with a solid foundation for stable growth and exceptional operations, helping usher in a crypto-native era for the insurance industry."

With Cobo’s custody and wallet services, 21M can scale its global insurance operations more securely, further strengthening its first-mover advantage in digital asset insurance. Cobo will continue delivering secure, flexible, and high-performance custody and wallet solutions to institutional clients worldwide, jointly advancing innovation and development in insurance and digital asset infrastructure.

About 21M Insurance

21M Insurance is one of the world’s first crypto-native insurance institutions, backed by leading Asian family offices. The company is dedicated to providing global users with innovative insurance products denominated in cryptocurrencies. Leveraging its proprietary smart underwriting and risk control engine, 21M is building next-generation insurance infrastructure covering life insurance, asset protection, and wealth management for digital asset holders, unlocking the trillion-dollar blue ocean of digital asset insurance.

About Cobo

Cobo is a leader in digital asset custody and wallet technology, offering a one-stop wallet technology platform that enables institutions and developers to easily build, automate, and securely scale their digital asset businesses.

Founded in 2017 and headquartered in Singapore, Cobo is a trusted blockchain pioneer for over 500 leading digital asset firms globally, safeguarding billions of dollars in assets. Cobo provides the industry’s only platform integrating four distinct digital asset wallet technologies—custodial wallets, MPC wallets, smart contract wallets, and exchange wallets. Committed to the highest standards of security and regulatory compliance, Cobo maintains a zero-incident record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, along with licenses in multiple jurisdictions. Recognized for industry-leading innovation, Cobo has received accolades from authoritative institutions such as Hedgeweek and Global Custodian.