Tokenized catastrophe bonds target the disaster-insurance gap
Summary
A planned issuance in Bermuda aims to address high disaster-insurance costs by utilizing onchain legal ownership. This tokenized approach targets protection gaps for expensive-to-cover risks within the catastrophe bond market.
A planned Bermuda issuance would put legal ownership onchain and seek capital for disaster risks that remain costly to insure.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.