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2026-07-03 02:00:14

Tabit Insurance Raises $40M Bitcoin-Backed Insurance Facility with Real-Time On-Chain Audit

Tabit Insurance SCC has capitalized a $40 million insurance facility entirely with Bitcoin, becoming the first property and casualty insurer to hold all regulatory reserves in BTC while denominating policies in USD. The company operates as a segregated cell company, allowing BTC holders to earn USD returns through their own cells while maintaining Bitcoin exposure. Reserves are verifiable on-chain via a proof-of-reserves model, providing real-time transparency beyond quarterly disclosures. Headquartered in Barbados, a top captive insurance jurisdiction, Tabit plans to work with insurers, brokers, and digital asset holders seeking alternative capital and risk financing. This initiative marks a significant step in bringing digital assets into the traditional insurance sector.

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Tabit Insurance Raises $40M Bitcoin-Backed Insurance Facility with Real-Time On-Chain Audit