Crypto insurance broker Native receives $2.6 million in seed funding led by Nexus Mutual

Crypto insurance brokerage Native has received $2.6 million in seed funding led by Nexus Mutual. Native will provide $20 million in on-chain insurance and operate a pool of funds on Nexus Mutual. Nexus Mutual's insurance alternative is also available through a product called Base DeFi Pass through many major protocols on the Coinbase Layer 2 network. It is reported that since its establishment in 2019, Nexus Mutual has insured approximately $5 billion in crypto assets and paid $18 million in claims. (Coindesk)