Bitcoin Life Insurer Meanwhile Secures $82M to Launch Crypto-based Financial Protection Products

Bitcoin life insurance firm Meanwhile has secured $82 million in fresh funding led by Bain Capital Crypto and Haun Ventures, marking another milestone in the growing intersection between traditional finance and crypto-based insurance.

The Bermuda-regulated company said the capital will help it meet rising demand for Bitcoin-denominated savings, retirement, and insurance products, which aim to serve as “inflation-proof” financial solutions. Every policy, premium, and claim is fully managed in Bitcoin, offering an alternative to conventional fiat-based financial products.

Major investors Apollo, Stillmark, and Northwestern Mutual Future Ventures also joined the round. This brings Meanwhile’s total fundraising in 2025 to $122 million, following its $40 million Series A earlier this year led by Framework Ventures and Fulgur Ventures.

CEO Zac Townsend emphasized that participation from both crypto-native and traditional finance players shows Bitcoin’s growing role as a foundational asset for long-term wealth protection and transfer. He added that as regulation advances, insurers and reinsurers will increasingly view Bitcoin as a complement to traditional government bonds.

Investors believe the emergence of Bitcoin-based financial products will mirror the evolution of the U.S. economy built on insurance and pensions. “The Bitcoin economy will need its own long-term financial products,” said Chris Ahn of Haun Ventures.

Meanwhile’s rise reflects a broader trend in crypto insurance innovation. Similar players include Nayms, an on-chain insurance marketplace connecting brokers with digital asset capital, and Ensuro, a DeFi-based reinsurer allowing investors to take on real-world insurance risk.

As traditional and crypto finance converge, Bitcoin-backed protection products like Meanwhile’s may soon redefine how people save, invest, and secure their financial futures.