Digital Asset Custody Insurance

The cover

The same policy the market’s largest custodians rely on.

This is not a diluted, retail version. Cover scales with the limit you buy, not with a watered-down wording.

First-party indemnity

Pays you when assets are rendered unrecoverable, or moved out of your control by an unauthorised, irreversible transfer.

Keys and credentials

Covers both the private keys that sign transactions and the authentication credentials that approve them — the two things an attacker actually needs.

MPC-ready

Key shares and shards from distributed key generation are covered, so modern MPC and threshold-signing custody fits the wording as-is.

Crime and physical peril

Insider dishonesty by your designated custodians, third-party theft, and physical loss or damage to storage media — fire, flood, earthquake — are all in scope.

Every major asset

Cryptocurrencies, tokens and stablecoins — valued on a clear, exchange-based market price at the time of loss.

Claim costs included

The reasonable cost of preparing a valid claim is covered, up to a set share of the policy limit.

Where it applies

Cold storage | Secure online use | Transit

Digital assets don’t sit still, and neither does the cover. The policy follows your keys across the three states where they are exposed.

Cold — the core

Cold storage

Designated Premises

Keys held offline on approved storage media at approved locations — the heart of the cover, and the bulk of the SFC’s cold-storage requirement.

Hot — written back in

Secure online use

Designated Connection

The controlled network path your MPC shares or credentials use to authorise a withdrawal — so the online leg of a modern custody flow is covered, not excluded.

In motion

Transit

Designated Transit

Storage media moving between approved locations under approved security — the exposure a generalist policy overlooks, and a discipline Anglo East knows well.

Cover holds while your declared security controls are maintained — the cold-vault, key-generation ceremony, whitelisting and withdrawal procedures your custody stack already enforces. The policy sits on top of the infrastructure your IT partner has built; it does not ask you to change it.

Built for the Hong Kong regime

Sized to the SFC’s compensation rule.

An SFC-licensed VATP must hold an approved compensation arrangement against loss of client virtual assets. The thresholds are fixed:

98%

minimum of client virtual assets that must be held in cold storage

50%

of cold-storage value that the compensation arrangement must cover

100%

of hot and other storage that must be covered

Third-party insurance is one of three permitted ways to meet that arrangement — alongside set-aside reserves held on trust and a bank guarantee. This policy is that insurance component: structured to sit at or above the 50% floor, and to blend cleanly with any reserves you hold, so you satisfy the regulator without over-funding it.

The same requirement now shapes the SFC’s incoming custodian licensing regime — so cover placed today is built for where the rules are heading, not only where they stand.

The security behind the policy

Backed by Lloyd’s of London | Rated AA− | Lloyd’s Coverholder

Every policy written at Lloyd’s is backed by the Lloyd’s Chain of Security and its mutualised Central Fund — which is why the paper behind your cover carries the market’s rating, whichever syndicate leads it.

AA− S&P

AA− Fitch

AA− KBRA

A+ AM Best (Superior)

These are among the strongest financial-strength ratings in global insurance. For anyone placing assets in a custodian’s hands, that is the assurance that matters: a valid claim will be paid.

Why it matters for a crypto platform. In a market where counterparty failures and outright fraud are routine, an independently underwritten Lloyd’s policy is external proof — not a marketing claim — that professional underwriters have examined your custody controls and accepted the risk. For a listed platform courting institutional and ultra-high-net-worth capital, that validation is a differentiator money cannot manufacture.

Your next steps

From enquiry to bound cover.

Scope

A short call to size the limit against your assets under custody and confirm the split of cold, online and transit exposure.

Application

One questionnaire: ownership, licences, financial-crime controls, key security, generation ceremony, whitelisting & withdrawal process.

Underwriting

Anglo East presents the risk to the Lloyd’s market and returns terms and pricing for your review.

Bind

You review the wording and schedule; cover incepts, with Anglo East as your point of contact throughout.

Your broker

Four decades insuring what’s valuable.

Anglo East Surety has been a Lloyd’s coverholder since 1984, specialising in specie, fine art, jewellers’ block and high-value transit — valuables in custody and on the move — supported by an integrated security and transit platform.

Digital-asset custody insurance is written on the same first-party specie form that has protected bullion, fine art and bearer instruments for over a century. Insuring a private key is that same discipline, applied to a new kind of asset — not a leap into an unfamiliar field, but our specialty, extended. Hong Kong-founded, and here for the long term.

Speak to Anglo East

Digital asset & specie team · Hong Kong

IA licensed insurance intermediary
Lloyd’s Coverholder

Hotline: +(852) 2866 3121

Email: angloeast@aeg.com.hk

The assets live in the keys.So does the cover.