What To Know:
- 21M Insurance has partnered with Cobo to secure its Bitcoin-based life insurance products using Cobo’s MPC wallet technology.
- The partnership enhances asset custody, compliance, and transparency, with plans to expand into policy tokenization and fund management.
- 21M aims to build a blockchain-native insurance ecosystem that aligns with Bitcoin’s rise as a mainstream financial asset.
21M Insurance, a crypto-native insurance provider, has partnered with crypto custody firm Cobo to secure the storage and management of its Bitcoin-based life insurance products. The collaboration introduces Cobo’s institutional-grade multi-party computation (MPC) wallet technology into 21M’s infrastructure, aiming to improve security, compliance, and transparency for policyholders.
Under the agreement, Cobo will provide custody solutions for 21M’s Bitcoin-denominated insurance offerings in the initial phase. Future stages could include the tokenization of policies, crypto management, and fund custody services for on-chain lending products.
The partnership also reflects how insurance providers are adapting to a market where cryptos are increasingly treated as long-term stores of value.
21M Insurance Taps On Cobo For Better Security
Interest in Bitcoin among institutional investors has accelerated since the approval of spot Bitcoin exchange-traded funds (ETFs) in Jan 2024. But, traditional insurance companies have struggled to explore these areas due to regulatory limits, capital adequacy needs, and dependence on legacy systems.
21M Insurance, one of the world’s first crypto-native insurance providers, has announced a strategic partnership with Cobo. The company will adopt Cobo’s MPC wallet technology to secure its Bitcoin-denominated whole life insurance products and smart underwriting and risk control…
— Wu Blockchain (@WuBlockchain) November 3, 2025
21M Insurance offers blockchain-native products that deals crypto security with the risk management standards of conventional insurance, thus bridging the gap.
By using Cobo’s custody technology, 21M aims to improve operational security and maintain efficiency across underwriting, claims management, and policy administration.
Cobo’s MPC wallet solution provides a multi-layered security structure that eliminates single points of failure, which is a major challenge in crypto management. Instead of depending on a single private key, MPC divides the signing process among several independent parties. This reduces exposure to hacking or insider threats.
The setup also includes granular access control, audit-ready transaction records, and compatibility with global regulatory standards. Cobo’s infrastructure supports SOC2 and ISO 27001 certifications, and offers a compliance foundation suitable for financial institutions and insurers operating in multiple jurisdictions.
“Security and trust are fundamental to any insurance business, and this is especially true for digital asset insurance,” said Richard, Chief Business Officer at 21M Insurance. “By partnering with Cobo, we can provide institutional-grade protection for policyholder assets while building a transparent and compliant model centered around Bitcoin.”
Cobo’s Senior Vice President, Alex Zuo, said the partnership shows how custody providers can help speed up advancement in the insurance sector. “Reliable custody infrastructure is critical for the growth of digital asset insurance,” he said. “Cobo’s MPC technology gives 21M the operational foundation to scale securely and sustainably.”
The deal comes at a time when regulators and market participants explore how blockchain can modernize insurance operations. Tokenized policies, on-chain claim verification, and decentralized risk pooling are among the applications currently being tested across Asia and Europe.
For 21M, the long-term goal is to create an insurance ecosystem that aligns with Bitcoin’s growth as a mainstream financial asset. The company believes blockchain-native risk models, supported by transparent custody frameworks, can reduce friction and improve access to life insurance products for global crypto holders.
The firm’s operations are supported by a network of Asian family offices and blockchain investors. Its products are denominated in Bitcoin and integrate smart risk control and digital asset management features.
Cobo, founded in 2017 and headquartered in Singapore, is among the leading providers of digital asset custody and wallet infrastructure. It serves over 500 institutional clients and manages billions in assets through custody, MPC, and smart contract wallets. The company maintains a zero-incident security record and operates under licenses in several jurisdictions.
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