Odaily Planet Daily reports that crypto-native insurance firm 21M Insurance has announced a strategic partnership with digital asset custody and wallet infrastructure provider Cobo. 21M Insurance will utilize Cobo's MPC wallet technology to provide institutional-grade security for its Bitcoin-denominated whole life insurance and smart underwriting and risk control engine.

This collaboration will initially cover asset custody for 21M Bitcoin-denominated whole life insurance products, and will gradually extend to scenarios such as policy tokenization asset management and fund custody for lending protocols. Cobo's institutional-grade MPC wallet custody technology will provide 21M with multi-layered security protection, flexible access control, and traceable asset records, effectively mitigating operational risks caused by single points of failure. This will ensure that policyholders' Bitcoin assets receive the highest level of protection while meeting the compliance and auditing requirements of major jurisdictions worldwide.

21M Insurance is reportedly one of the world's first crypto-native insurance institutions, having received investment support from top Asian family offices. It is committed to providing innovative insurance products denominated in cryptocurrencies to global users. Leveraging its self-developed intelligent underwriting and risk control engine, the company is building a new generation of insurance infrastructure covering whole life insurance, asset protection, and wealth management for digital asset holders.