TLDR
- Crypto.com Custody has secured a $120 million insurance policy to protect digital assets.
- The insurance covers risks including theft, crime, and physical damage to assets held in cold storage.
- A total of $100 million is allocated to safeguard digital assets stored in secure cold storage systems.
- An additional $20 million is dedicated to covering incidents involving crime and third-party theft.
- The insurance policy is supported by Lloyd’s of London underwriters and arranged by Aon.
Crypto.com Custody Trust Company, based in the United States, has secured a $120 million insurance policy for digital assets. The structured coverage protects digital assets held in cold storage and mitigates risks associated with theft and third-party crimes. This strategic measure enhances asset protection for institutional and North American clients relying on the platform’s custodial services.
Crypto.com Enhances Safety with New Coverage
Crypto.com Custody’s new coverage includes $100 million allocated exclusively for digital assets stored in cold storage solutions. This protection guards against physical loss, damage, and internal or external theft incidents targeting the secured infrastructure. The insurance structure reflects increasing expectations around safety in the digital asset custody sector.
The insurance is underwritten by a group of Lloyd’s of London syndicates, arranged in partnership with global services firm Aon. Crypto.com Custody integrated this insurance policy to address vulnerabilities, ensuring institutional clients receive full protection. Cold storage, forming the backbone of custody security, ensures strengthened client confidence.
Cold storage methods continue to evolve, and the policy coverage accounts for technical improvements and modern threats. This initiative demonstrates the platform’s focus on trust and its role in shaping industry standards. The commitment to compliance and security further enhances its position among global custodians.
$20 Million Allocated to Crime and Theft Coverage
In addition to cold storage coverage, Crypto.com Custody assigned $20 million for crimes such as fraud and third-party theft. This component adds an extra layer of protection, complementing the main cold storage insurance. It assures clients of a proactive approach to financial and cybersecurity incidents.
The policy serves North American institutions that hold substantial value in digital form, reflecting tailored risk mitigation strategies. It demonstrates the custodial firm’s structured risk posture in a fast-evolving digital finance environment. Collaboration with Aon enabled a tailored framework that meets high compliance and regulatory expectations.
Crypto.com Custody continues to build a secure infrastructure and deliver top-tier custody backed by strategic and insured protections. Institutions view these advancements as core to long-term custody reliability.
