Startup spotlight: Evertas pioneers cryptoasset insurance
Founded in 2017 and based in Chicago, Evertas is the first company in the world solely focused on providing insurance to protect holders of cryptoassets and users of blockchain systems. Evertas focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices and ultra-high net worth individuals.
Evertas has a world-leading team led by an experienced group of executives including the founding Chief Insurance Officer (and founding member) of Lemonade, a blockchain team leader at Bank of New York, and a blockchain industry insurance expert.
The founders have over forty years of combined experience in the insurance sector and more than ten years experience in the crypto and blockchain markets.
Mark Yusko, Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management & Managing Partner of Morgan Creek Digital Assets, said:
“One of the most critical components of well-functioning markets is the presence of robust insurance infrastructure. Evertas endeavors to build a comprehensive insurance platform to support the emerging Crypto asset markets and we are pleased to partner with the outstanding leadership team at Evertas, in order to contribute to the establishment of this solutions focused enterprise. Morgan Creek Digital invests across all areas of infrastructure within the digital assets ecosystem and we’re excited to include essential insurance services in our portfolio.”
Originally published at https://www.redpublic.com on March 19, 2021.
