Coinbase Backs $2 Million Seed Round in Insurtech Firm Nayms - Decrypt

in hive-116221 •  last month 

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Nayms, which has earlier graduated from the Bermuda Monetary Authority (BMA) sandbox, applies insurtech to the world of digital assets, allowing investors to collateralize cryptocurrency risks such as electronic theft or phishing attacks with the help of smart contracts.

According to the company's website, its traceable smart contract is built on a trustless system, meaning insurance brokers can place a contract between market participants in a limitless number of areas and share in the future value of such open trade.


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