Evertas

Evertas is a digital asset insurance platform that primarily caters to brokers, custodians, exchanges, crypto funds, and traditional financial institutions. It provides users with a framework for underwriting crypto and blockchain systems (including risk management processes to underwrite and scale insurance products) and end-to-end insurance policies for a range of scenarios. These include coverage for theft, business continuity, property, DeFi insurance, and counterparty risk. 

The company also has a subsidiary named “5i Services,” which provides cryptocurrency-related cybersecurity services ranging from threat detection and investigation to asset recovery.

In July 2023, Evertas announced that it had acquired Bitsure, an insurance provider for Bitcoin mining operations, for an undisclosed amount. Notably, the company also received approval from Arch Insurance to offer mining policies of up to USD 200 million per location.

Funding and financials

In December 2022, Evertas raised USD 14 million in Series A funding led by Polychain Capital.