TechFlow News — On March 10, Binance Custody, an institutional-grade digital asset custody solution, announced the launch of cold storage insurance for cryptocurrency assets, offering enhanced protection for investor assets. The insurance coverage includes losses resulting from physical damage, destruction, theft, or collusion by insiders involving independently held, cold-stored crypto assets. The policy is underwritten by Arch Syndicate 2012 at Lloyd's of London, with LEAP (Nordes Emerging Asset Protection), part of Northbridge Insurance—the world’s largest independent insurance brokerage—as the distributing broker.
Binance Custody has successfully passed its risk assessment review. Cathy Yu, Director of Binance Custody, said: "Binance Custody is committed to helping users securely manage their digital assets. Now, even low-probability events such as hardware loss or physical damage are covered, giving users greater peace of mind. We can also further customize insurance solutions to meet specific client needs."
