21M Insurance, one of the world's first cryptocurrency-native insurance companies, has just announced a strategic partnership with Cobo to enhance security and efficiency for Bitcoin-based life insurance products. According to the agreement, 21M will implement Cobo's advanced MPC wallet technology to protect digital assets and improve the underwriting system along with intelligent risk management.
The initial phase focuses on the safe custody of digital assets for insurance products using Bitcoin, ensuring transparency and security for customers. In the future, collaboration may expand to include encryption of insurance contracts, asset management, and fund custody for lending protocols. This is an important step connecting traditional insurance with modern blockchain technology.
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