Marsh has launched an insurance facility for custodians of digital assets, providing capacity up to US$825m.

Designed in the main for corporations with assets held in cold storage, Marsh says the facility will also cover “certain elements of risks” for assets secured by multi-party computation or other custody solutions not operating entirely offline.

Backed by Lloyd’s syndicates and London-based international insurers, the facility will support organisations in protecting their digital assets against risks related to physical natural perils, third party physical theft and internal collusion by employees responsible for secure storage.

Jacqueline Quintal, global digital asset leader, Marsh Specialty, said: “We anticipate continued focus on and activity in the global digital assets space, as organisations navigate the complex risk environment and interconnected, expanding ecosystem of stakeholders.

“Marsh’s facility provides custodians with protection for the key operational risks they face in the management of digital assets; we look forward to supporting clients globally in aligning their risk financing and evolving commercial strategies, as they focus on building their operational resilience and market presence in this fast-growing sector.”

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