BREACH INSURANCE
Regulated insurance products and technology for the cryptocurrency market
Overview
Breach Insurance is a specialty insurance underwriter and solutions provider focused on developing regulated insurance products and policy administration technology for the cryptocurrency market. Based in Boston, the company serves institutional crypto custodians and retail crypto exchange users seeking coverage against digital asset theft and private key loss.
The company operates a proprietary policy issuance and administration platform with APIs for embedded insurance delivery. Its products include Crypto Shield Pro, an institutional-grade custody insurance product, and Crypto Shield, a retail-facing product available through major crypto exchanges. An Active Wallet Monitoring service provides on-chain risk visibility as a free companion offering. Breach holds a BMA Class IIGB insurer license and operates as a licensed MGA and TPA in the US.
Breach raised a Series A round in June 2023 led by RW3 Ventures and LightShed Ventures, with additional participation from Raptor, Foundation Capital, Road Capital, Republic Capital, and Alumni Ventures. Distribution partners include Binance US, Coinbase, CoinList, and Gemini. The backing insurer carries an A.M. Best financial strength rating of "A-" (Excellent).
Products & Services
Crypto Shield Pro
Institutional-grade crypto custody insurance for enterprise clients of crypto custody solutions. Protects against theft, loss, and destruction of private keys and crypto assets held in custody.
Key Features
- Coverage limits up to USD 10M per policy, with higher limits available through additional underwriting
- Includes professional liability, directors and officers liability, theft, and non-traditional crime coverage
- Delivered via API integration into custody platform workflows
Target Users: Institutional crypto custodians and enterprise digital asset managers
Crypto Shield
Retail crypto insurance product providing coverage for exchange-held digital assets. Covers over 20 cryptocurrencies against theft while held at qualified exchanges.
Key Features
- Coverage up to USD 1M in cryptocurrency theft per policyholder
- Available through Binance US, Coinbase, CoinList, and Gemini
- Embedded directly into exchange platforms via Boost Insurance infrastructure
Target Users: Retail cryptocurrency investors using qualified exchanges
Active Wallet Monitoring
Free on-chain risk assessment service providing visibility into wallet transaction history and security posture across major blockchains.
Key Features
- Free wallet monitoring and security assessment
- Coverage across all major blockchains and cryptocurrencies
- Risk insights tied to wallet transaction history
Target Users: Individual crypto holders and institutional wallet operators
At a Glance
- Founded
- 2019
- Headquarters
- Boston, Massachusetts, USA
- Employees
- 1-10
- Funding
- Series A
Category & Focus
- Category
- Specialty Solutions
- Subcategories
- Crypto insurance digital asset coverage embedded insurance
- Insurance Verticals
- Specialty/E&S
- Target Customers
- Carriers, MGAs/MGUs, Consumers
Customers
- Binance US
- Coinbase
- CoinList
- Gemini
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Last updated: 2026-05-11