Tabit has introduced a unique insurance model, securing a significant capital base of 40 million USD in Bitcoin. Their insurance policies are denominated in USD but backed by Bitcoin assets, aiming to revolutionize how insurance capital is sourced.

By holding its entire regulatory reserve in Bitcoin, Tabit aims to unlock new avenues of capital for the insurance sector. Co-founders, previously with Bittrex, emphasize that embracing Bitcoin can provide substantial regulated returns for insurers.

As the financial landscape evolves, Tabit’s approach signifies a shift, enabling the insurance market to tap into digital assets. This pioneering strategy, as discussed by CEO Stephen Stonberg, highlights Bitcoin’s potential to reshape insurance fundraising.