TechFlow news: Hong Kong-based Web 3.0 incubator Hailstone Labs has announced a strategic investment in OneDegree Group, an insurtech company operating across Asia. The two parties will launch comprehensive strategic cooperation in Web 3.0 fields such as blockchain, digital currency, and virtual assets.
Over the past two years, Hailstone Labs and OneInfinity by OneDegree, a subsidiary of OneDegree Group, have closely collaborated with the American Academy of Actuaries to bring revolutionary changes to the digital asset insurance industry. In response to Hong Kong's policies on blockchain and Web 3.0, centralized digital asset platforms are required to maintain certain insurance coverage to sustain operations and safeguard user funds. OneInfinity offers virtual asset insurance solutions to help these platforms address various security risks.
