Odaily News - Virtual insurance company OneDegree announced the completion of a new round of $27 million funding. Gobi Partners, New World Development, Bitrock, and new investors participated in this round. The funds will be used to expand its digital asset insurance portfolio. This is the company's fifth funding round since its establishment in 2016. With a total funding amount exceeding $97 million, following the $28 million funding round in 2021.



It is reported that OneDegree first introduced cryptocurrency insurance in November 2021, providing HK$100 million insurance for Hong Kong-based cryptocurrency exchanges.