Life insurer Meanwhile raises $82M for Bitcoin financial products

Bitcoin life insurance company Meanwhile secured $82 million in funding to expand Bitcoin-denominated savings, annuities, and insurance products. The investment round was led by Bain Capital Crypto and Haun Ventures, highlighting the demand for Bitcoin-based retirement and inflation-proof savings solutions. Meanwhile offers a suite of financial products where all transactions are managed in Bitcoin, including life insurance, annuities, and insurance bonds. The total funding raised now stands at $122 million, building on a previous $40 million Series A round. CEO Zac Townsend noted the significance of having investors from both cryptocurrency and traditional finance sectors, indicating that both views Bitcoin as a foundational asset. Additionally, the emergence of a Bitcoin economy is anticipated to require long-duration financial products akin to those in the traditional economy, such as insurance and pensions. Meanwhile, there is a growing appetite for insurance solutions that incorporate digital assets, as seen with other recent market developments.

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