Redefind

Cryptocurrency and digital asset insurance platform using cryptographic proof of ownership

Specialty Solutions Growth Acquired

Overview

Redefind is a digital asset insurance platform for individuals and businesses seeking coverage for cryptocurrency and other digital assets. The company operates as an FCA-regulated, Lloyd's-backed insurer, providing an online platform that protects against theft, loss, and other digital asset risks across self-custody, exchange, and cold storage arrangements.

The platform's core differentiator is cryptographic proof of ownership verification. Rather than relying on traditional self-reported documentation, Redefind uses blockchain-native capabilities to confirm that a policyholder actually owns the assets they are insuring, reducing fraud risk and enabling faster claims processing. The non-custodial model allows users to retain control of their assets while maintaining active insurance coverage.

Redefind launched in July 2025 and was acquired by Willis Towers Watson (WTW) in June 2026 to strengthen WTW's digital asset protection offering. Prior to acquisition, the company raised venture capital backing to support development and market entry. The global crypto insurance market was estimated at USD 9.49 billion in 2025 with projected growth to USD 192.72 billion by 2033.

Products & Services

Digital Asset Insurance

Redefind's core platform provides insurance coverage for cryptocurrency and digital assets held across various custody arrangements. The platform uses cryptographic proof of ownership to verify asset holdings before issuing coverage.

Key Features

Self-custody coverage for assets held in personal wallets
Exchange coverage against theft and account compromise
Cold storage protection for offline and hardware wallet arrangements
Cost-of-recovery insurance for theft and loss events
Professional liability coverage for crypto and Web3 professionals
Physical and technology infrastructure coverage

Target Users: Individual crypto holders, businesses managing digital asset holdings, Web3 professionals

Cryptographic Ownership Verification

A proprietary verification layer that uses blockchain-native capabilities to confirm asset ownership across custody types. This replaces traditional self-reporting documentation in the underwriting process.

Key Features

Blockchain-based asset verification
Multi-custody type support (self-custody, exchange, cold storage)
Reduced underwriting fraud exposure
Faster claims eligibility determination

Target Users: Underwriters, claims teams (internal), policyholders during onboarding

At a Glance

Founded: 2023
Headquarters: London, England
Employees: 1-10
Funding: Acquired

Category & Focus

Category: Specialty Solutions
Subcategories: Digital asset insurance Crypto coverage Non-custodial insurance
Insurance Verticals: Specialty/E&S
Target Customers: Consumers, Carriers, Brokers