MPCH Partners with Canopius on Insurance for Cryptographic Storage

MPCH announced its partnership with Canopius on May 6, 2024, adding an insurance option for customers using its cryptographic storage technologies. The announcement said customers could purchase additional digital-asset custody insurance alongside the company’s security services.

The partnership combined MPCH’s physical and digital safeguards with Canopius’s insurance capabilities. MPCH described an approach involving secure facilities, hardware security modules and multi-party computation to protect sensitive cryptographic material.

The release identified coverage for loss or damage to physical security measures that leaves assets unrecoverable. It presented the insurance as an additional layer of protection available for customer purchase, rather than automatic coverage for every asset. The release names Canopius as the underwriter.

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