Copper, a cryptocurrency custody firm, has arranged $500 million in insurance coverage for digital assets in cold storage, one of the industry’s largest arrangements, according to a statement. Aon (AON), the world’s largest insurance company, organised the cover. According to the statement, Canopius, a Lloyd’s of London syndicate, is the largest insurer by market capitalization. The insurance will protect against employee collusion, third-party theft, and physical loss or damage to the company’s digital assets. According to filings with Companies House, the United Kingdom’s registrar of companies, Copper has raised $196 million in new funding this year.
