OneDegree secures funding from Dubai Insurance and launches partnership for digital asset insurance

OneDegree secures funding from Dubai Insurance and launches partnership for digital asset insurance

OneDegree, Asia’s first licensed insurer for digital assets, has partnered with Dubai Insurance Co. to offer digital asset insurance in the United Arab Emirates (UAE) and support web3 players in top hubs in the region, especially the UAE, after supporting clients in successfully obtaining regulatory licences in leading digital asset hubs across the world.   Two years ago, OneDegree had launched OneInfinity - a suite of insurance products tailored for digital asset companies - and has become a leading force in web3 risk management. Through OneInfinity, OneDegree aims to empower good industry actors and enable them to thrive.   The new partnership between OneDegree and Dubai Insurance Co. will begin by offering commercial liability insurance, specifically professional indemnity and directors & officers insurance. The two parties will then work together to seek regulatory approval for further products that are new to the UAE market, especially custodial wallet insurance. Moreover, and as part of the same partnership, Dubai Insurance Co. has made a strategic investment in OneDegree’s Series B funding round.   Alvin Kwock, Co-Founder of OneDegree, said, “We are delighted to partner with Dubai Insurance Co. to bring OneInfinity to the MENA region. OneInfinity products are helping some of the world’s best web3 companies to grow