DGAP-News: tokentus investment AG: Holding Nayms is the first worldwide crypto-insurance platform to receive full regulation | news

DGAP News: tokentus investment AG / Keywords: Miscellaneous

tokentus investment AG: Holding Nayms is the first crypto-insurance platform worldwide to receive full regulation

17/05/2022 / 07:30
The issuer / publisher is responsible for the content of the notice.

tokentus investment AG: Holding Nayms is the first crypto-insurance platform worldwide to receive full regulation

Nayms Will Be The World’s First Cryptonative Insurance Marketplace Enabling Its Insurance Partners To Run Regulated Blockchain Insurance Business

The regulation took place in Bermuda due to the progressive positioning against cryptocurrencies there

– Regulation gives Nayms access to the global market for insurance providers

Frankfurt am Main, 17 May 2022 tokentus investment AG (tokentus, ISIN: DE000A3CN9R8; WKN: A3CN9R; code: 14D) based in Frankfurt am Main announces that their stake in Nayms is an innovative platform enabling crypto investors to invest in crypto-risks reinsurance as the world’s first crypto-insurance marketplace to receive full regulation of digital assets and insurance in Bermuda. The company now has both a full license under the Digital Asset Business Act and an innovative general insurance license that allows its insurance partners to trade regulated insurance business on the blockchain.

Nayms has been testing its technology thoroughly for the past two years in the Bermuda Monetary Authority’s Insurance Regulatory Sandbox. This sandbox was created by the regulator for the purpose of encouraging innovation. It enables companies in the insurance and finance sector carrying out activities requiring a license under the Insurance Act 1978 to test new technologies for a limited period of time in a defined, regulatory-controlled environment.

The regulation gives Nayms access to the global market of insurance providers, which can now operate under Naym’s regulatory structure. Nayms is working with key insurance players to build this digital market throughout the year. In addition, regulation has made the Nayms infrastructure the only environment in the world where cryptocurrencies or tokens can be secured through regulated captive insurance, a self-insurance structure that is widespread in traditional markets. Tokentus owner Qredo, an innovator in cybersecurity and blockchain, will be the first provider to include this risk financing mechanism in its insurance offering.

We congratulate the Nayms team on this great success. This is a real milestone for the company. Maintaining regulation is also an important building block to support the security and credibility of cryptocurrencies. This shows once again the innovative strength of the crypto market, says Oliver Michel, CEO of tokentus investment AG. The new business relationship between Nayms and Qredo is a good indication of the synergy potential that lies in our investment portfolio, and which we are happy to help exploit, adds Benedikt Schulz, Investment Manager at tokentus.

About tokentus investment AG
tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; code: 14D) is an investment company focusing on investments in the blockchain market. The Tokentus investment AG share is listed on the m: access (over-the-counter market) on the Munich Stock Exchange and is traded on XETRA and other German stock exchanges.

Through a steadily growing network of co-investors, international financial investments and investments in companies as well as tokens from investments and financial investments whose business model is directly related to blockchain technology are acquired. Shareholders in tokentus investment AG can thus invest indirectly in a diversified, international portfolio in the blockchain of the future market. tokentus investment AG sees itself as an investment pool and entry vehicle for investors in the blockchain market. As a German public limited company, the company is committed to transparency and regular communication with its investors. tokentus investment AG currently has financial investments as well as equity and token investments in ten blockchain companies and a blockchain-focused venture capital fund.

About Nayms
Nayms offers a platform to collect, structure and create negotiable insurance risks with cryptocurrencies for institutional investors. By means of intelligent contracts, the rules for concluding, trading, complaining and processing insurance are established. Brokers mediate these digital insurance contracts between buyers (insurance companies and capital markets) and sellers (insured) of various risks.

This publication is neither an offer to sell nor an invitation to buy securities. The registered shares with no face value in Tokentus Investment AG (the shares) may not be sold outside the Federal Republic of Germany, especially not in the United States or American persons (as in Regulation S of the US Securities Act of 1933 in the current valid version (Securities Act)) or offered or sold at the expense of U.S. individuals. The securities have already been sold.

Contact for questions
Oliver Michel
CEO of tokentus investment AG
Phone: +49 175 7222 351

17/05/2022 Publication of a Corporate News / Financial News, broadcast by DGAP – a service from EQS Group AG.
The issuer / publisher is responsible for the content of the notice.

DGAP distribution services include statutory reporting, corporate / financial news and press releases.
Media archive at http://www.dgap.de

Leave a Comment