Metaco And Aon Work Together To Provide Cryptocurrency Custody Insurance To Users
- Aon and Metaco work together on a custody solution for crypto companies.
- Firms will be protected in case of fund’s loss, damage or theft.
Aon Creates Insurers’ Panel for Metaco Clients
Aon will be offering a crime insurance product to clients by using SILO – Metaco’s integrated hot-to-cold wallet management solution specifically designed for financial institutions. In this way, it will be possible to protect users’ funds from loss, damage, destruction or theft.
This is a very important announcement for the market because there are several companies and firms that are trying to improve their crypto custody processes. With Aon, things will be much simpler, including the underwriting process for both insurers and Metaco’s clients. Banks and other financial institutions may evaluate these financial solutions and start embracing crypto assets.
Adrien Treccani, the CEO and Founder of Metaco commented:
“It is unique for a technology company, such as ourselves instead of the end client, to work with Aon to bring this to market. Insurance is an essential requirement for banking clients and METACO is excited to be able to facilitate insurance for our clients through the leading broker for crypto insurance solutions.”
New Insurance Solution for Crypto Investors
Meanwhile, Jeff Hanson, a Director within Aon’s UK Financial Services Team, mentioned that Aon is very pleased to work on an insurance solution that will protect users’ funds in case of theft.
Last year, other insurers such as AIG; Allianz and XL Group, among others, have been working so as to adapt their coverage options to protect companies in the crypto space.