21M Insurance has partnered with Cobo to introduce institutional-grade MPC custody to ensure the security and compliance of its Bitcoin life insurance.

Crypto-native insurance provider 21M Insurance announced a strategic partnership with Cobo, a provider of digital asset custody and wallet infrastructure. 21M will utilize Cobo's MPC wallet technology to provide institutional-grade security for its Bitcoin-denominated whole life insurance and intelligent underwriting and risk control engine. This collaboration will initially cover asset custody for 21M's Bitcoin-denominated whole life insurance products, and will gradually extend to scenarios such as policy tokenization asset management and fund custody for lending protocols. Cobo's institutional-grade MPC wallet custody technology will provide 21M with multi-layered security protection, flexible access control, and traceable asset records, effectively mitigating operational risks from single points of failure. This ensures that policyholders' Bitcoin assets receive the highest level of protection while meeting compliance and auditing requirements in major jurisdictions worldwide. 21M Insurance is reportedly one of the world's first crypto-native insurance providers, having received investment support from top Asian family offices. It is committed to providing innovative cryptocurrency-denominated insurance products to global users. Leveraging its self-developed intelligent underwriting and risk control engine, the company is building a new generation of insurance infrastructure covering whole life insurance, asset protection, and wealth management for digital asset holders.