Meanwhile, the world's first fully digital asset-denominated life insurance provider, has successfully launched with $19 million in funding from prominent investors, including OpenAI CEO Sam Altman and Google-backed Gradient Ventures. Licensed and regulated by the Bermuda Monetary Authority, Meanwhile offers life insurance products denominated in Bitcoin (BTC) and powered by artificial intelligence (AI).
Meanwhile's AI-driven underwriting, claims, and operations streamline the insurance process, reducing manual labor and promoting transparency.
With its initial product launch of Bitcoin-denominated whole life insurance, Meanwhile aims to cater to long-term BTC holders who seek to invest in insurance policies denominated in digital assets. The company plans to expand its offerings to include BTC-denominated financial products, such as private credit funds and term life insurance.