Crypto

DeFi Cover Provider Nexus Mutual Backs New Crypto Insurance Broker Native

Native, a new insurance platform, has officially launched with $2.6 million in seed funding. This funding round was led by Nexus Mutual, a decentralized insurance platform. According to a press release issued on Tuesday, Native and Nexus Mutual are teaming up to offer $20 million in on-chain cover per risk.

Nexus Mutual, which currently boasts a capital pool of around $200 million, primarily in ETH, the native token of the Ethereum blockchain, will be able to underwrite multiple coverage lines per risk right from the start. This partnership will provide users with increased security and peace of mind when using Native’s insurance platform.

With this new funding and support from Nexus Mutual, Native is poised to revolutionize the insurance industry and provide innovative solutions for individuals and businesses alike.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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