Crypto.com has secured a substantial $120 million insurance policy to safeguard digital assets under its custody arm, Crypto.com Custody Trust Company. This coverage, arranged by the prominent global insurance broker Aon, is underwritten by a prestigious consortium of Lloyd’s of London underwriters, reflecting the platform’s commitment to asset security and regulatory compliance. The policy distinctly protects $100 million of assets stored in cold wallets against risks such as physical loss, theft, and damage, which are critical concerns for institutional-grade custody solutions. Additionally, a dedicated $20 million allocation addresses crime-related risks and third-party theft, enhancing the overall risk mitigation framework. This move underscores Crypto.com’s strategic focus on robust risk management and operational resilience, aligning with industry best practices for digital asset custody and investor protection.
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