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Tabit Insurance Announces $40 Million Bitcoin-Centric Funding

  • Tabit Insurance has raised $40 million in capital, exclusively in bitcoin, for its insurance facility.
  • The use of bitcoin as a source of capital is seen as an innovative approach in the insurance sector.
  • Tabit's regulators and auditors can verify the funding in real-time, showcasing transparency.
  • Although the capital is held in bitcoin, Tabit's insurance policies and premiums will be denominated in US dollars.

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