Amber Group already insures digital assets held on behalf of customers to ensure additional layers of protection

Amber Group’s transition to comprehensive insurance coverage is a significant milestone in the growing adoption of digital assets, with the value of digital assets amounting to record high from $ 3 trillion last year. As security and confidentiality become increasingly important cornerstones for consumer confidence in digital assets, the company’s move to expand its insurance coverage underscores its commitment to improving the consumer security experience by adopting best practices in the management industry. risk, platform security and digital asset storage. During a stable and comprehensive OneDegree takeover process and a Munich Re reinsurance process, the Amber Group achieved a skilfully high score in OneDegree Cymetrics’ cybersecurity assessments.

Strengthening its position as a preferred and trusted platform for global digital asset management and wealth building, Amber Group has also implemented a proactive anti-fraud, loss and theft measure through Coincover’s proprietary theft protection, a cutting-edge technology insured by certain insurers. Lloyd’s London. The technology provides an additional layer of protection to protect Amber Group’s digital assets as it monitors and prevents unauthorized transaction anomalies, making it easier and easier for existing and new users to enter the world of crypto finance.

“The global crypto market is expanding exponentially, but the rise of cybercrime incidents in crypto is still a major concern for many investors. As we continue to stimulate the adoption of digital assets worldwide, Amber Group is extremely committed to maintaining the highest standards of security for our customers. Security, reliability and confidentiality are the basic principles of our industry and these are the same factors that will determine the overall success of the industry as we work to realize the future of finance. Our company is proud to serve as a trusted digital asset platform for our customers, and we will continue to provide our customers with the most robust security measures and global insurance coverage possible for our portfolio infrastructure, ”said Amber Group CEO. Michael Wu.

“We are pleased to provide Amber Group’s OneDegree digital asset insurance. Amber Group demonstrates competence in security, control and process integrity through our comprehensive review of OneDegree Cymetrics’ own cybersecurity solution and our reinsurance partner Munich Re. OneDegree will continue to bring our expertise and insurance capacity to serve the wider web3 community and transform the industry with increased security and trust, ”said the co-founder and CEO of OneDegree. Alvin Kwok.

“We are proud to support such a pioneering company in their mission to make crypto safer. By combining Coincover’s proactive anti-theft technology with comprehensive insurance coverage, the Amber Group is truly at the forefront of reducing the risk of crypto investors around the world. and crypto finance, “said Coincover’s chief executive, David Janczewski.

About Amber Group

Amber Group is a leading digital asset platform operating worldwide with offices in Asia, Europeand America. The company provides a full range of services for digital assets, covering investment, financing and trade. Amber Group is backed by prominent investors, including Sequoia, Temasek, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures and

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SOURCE Amber Group

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