Crypto Life Insurer Anthea Raises $22M to Launch Ethereum-Denominated Policy

Core Insights - Anthea, a Bermuda-based crypto life insurer, has successfully raised $22 million in a Series A funding round led by Yunfeng Financial Group to launch the world's first life insurance product denominated in Ethereum tokens (ETH) [1] Company Overview - Anthea aims to merge life insurance with blockchain technology, utilizing the raised capital to accelerate product development, expand its presence in Asia, and support ongoing operations for its crypto-linked insurance platform [2] - The company has received in-principle approval from the Bermuda Monetary Authority to offer insurance products denominated in digital assets, marking a significant step in the intersection of cryptocurrency and insurance [3] Product Structure - Anthea's insurance policy structure mirrors traditional life insurance policies but is denominated in cryptocurrency, meaning that premiums, claim payments, maturity payouts, and loans will all be conducted in the policy's cryptocurrency [4] - This approach specifically targets crypto investors seeking protection without the need to convert their holdings into fiat currency, and the company plans to integrate blockchain payment systems while exploring yield generation from crypto reserves [4] Investor Relations - The funding round is characterized as a partnership with investors who share Anthea's vision, with notable backers including Yunfeng Financial Group, which has a controlling stake in MassMutual Insurance and holds various licenses from regulatory authorities in Hong Kong [5]