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Lloyd’s Of London to Insure Custody Platform for Digital Currency

Published 08/28/2018, 07:51 PM
Updated 08/28/2018, 08:02 PM
Lloyd’s Of London to Insure Custody Platform for Digital Currency

U.K. insurance market leader Lloyd’s of London will insure a crypto custody platform by U.S.-based custodial firm Kingdom Trust, according to a press release published August 28.

Founded in 1686, Lloyd’s of London is a British insurance firm that is active in over 200 countries. The company reportedly paid claims in the amount of £68 billion ($87 billion) between 2011 and 2016.

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