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Amber Group's cold wallet insurance is now the first digital asset reinsurance case in Asia for MunichRe, one of the world's leading reinsurers. Amber Group is currently working to build out a comprehensive global insurance plan that aggregates to over USD$100 million in coverage.
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Despite the recent price drawbacks in bitcoin, ether, and other digital assets, the minting of crypto’s latest unicorn, Amber Group, proves that institutional interest in the emerging asset class is alive and well.
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At the time, Amber boasted $1 billion in assets under management, though crypto prices have dipped since then.
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Amber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.
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