Ledger Vault Gets Its Own Custom Crime Insurance Policy

On its official Twitter handle, Ledger announced its attainment of crime insurance policy covering digital assets secured by the Ledger Vault platform. Ledger is a leading international security and infrastructure solutions company for virtual assets and blockchain-based applications.

https://twitter.com/Ledger/status/1195002103380545536

Ledger Vault, on the request of its clients, started this program, which follows the rigorous evaluation process of the firm’s hardware and software security infrastructure along with its governance policies. It started working on this project last year in association with a prominent broker and risk advisor, Marsh and Arch Insurance (UK) Limited (Arch), which is a lead underwriter of crypto-asset insurance.

Ledger Vault platform is currently offering a customized crime insurance package to insure crypto assets up to USD 150 million. The company also gives the freedom to add new digital assets to the policy coverage as and when required.

With this, the digital security platform does not need to take digital asset insurance, as custodians, banks, and exchanges are bound to take. The insurance is provided to the clients at no additional cost, alleviating the customers from undergoing the rigorous and long-drawn process of evaluation for obtaining the insurance for their individual assets.

Global Head of Ledger Vault, Demetrios Skalkotos, said:

The combination of Ledger Vault’s secure hardware and software operating systems, along with our governance protocols, allowed Marsh and Arch to expand standard cold storage coverage to the Ledger Vault solution. The policy also covers the clients’ onboarding process, their personal security devices and the secure encrypted communication channel that is established when using the Vault platform. This unique policy is a true end-to-end solution that gives our customers the flexibility to both store and move funds without compromising on security and governance.

Ledger Vault, founded in 2014, is the unit of Ledger that deals with the security of digital tokens and blockchain applications. It has a team of over 200 highly specialized professionals. Ledger designs products and services for the safeguard of virtual assets of individuals, businesses and connected devices.

Recent Articles

eToro Broker Review 2020 – All You Need to Know About eToro Before Signing Up!

  Overview eToro was established in the year 2007, known as one of the leading social trading platforms. Offering more than 1,000...

Plus500 Review 2020 – What you need to Know before Signing up with this Broker

Overview Plus500 was established in the year 2008 and it offers online CFD...

Danal FinTech to Adopt a Complete AML Product Suite Developed by Uppsala Security

Decentralized cybersecurity solutions firm Uppsala Security announced on Tuesday that it had signed a cryptocurrency anti-money laundering (AML) solution contract with the South Korean mobile...

Bitcoin Scams and Regulatory Authorities: Things You Should Know

The decentralized nature of Bitcoin and other cryptocurrencies is like a double-edged sword. On the one hand, it provides freedom from any...

Bitcoin Vs. Banks: Why Banks Continue to Remain Preferred Choice?

The evolution of technology has divided the world as never before. On the one side, we have an army of technology advocates...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox