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Qubit Underwriting partners with RedotPay on digital asset coverage

The partnership is intended to bolster RedotPay’s risk management as it expands its merchant payment network and moves into new international markets.

Reported · Written up by our desk · Industry & Deals

Qubit Underwriting has partnered with stablecoin payments platform RedotPay to provide tailored corporate insurance coverage, according to Coverager.

The coverage is designed to support RedotPay’s risk management framework as the company expands its merchant payment network and enters new international markets.

Qubit, which is based in Hong Kong, says it is the only Lloyd’s coverholder in Asia-Pacific authorized to underwrite digital asset insurance.

Coverager reports this is Canopius’ first partnership to offer digital asset insurance in Asia-Pacific, following Qubit’s underwriting role in the deal.

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