According to a statement, Copper, a <a href="https://www.cryptoknowmics.com/news/cftc-strikes-order-against-fraudulent-cryptocurrency-arbitrage-company">cryptocurrency</a> custody provider, has <a href="https://copper.co/" target="_blank" rel="nofollow noopener">acquired</a> $500 million in insurance coverage for digital assets in cold storage, one of the industry's leading agreements. Additionally, the coverage for Copper was organized by Aon (AON).
<h2>Cover for Copper to Organized by Aon</h2>
According to the announcement, the cover was organized by Aon (AON), the biggest insurer in the United Kingdom by market capitalization, employing a group of insurers managed by Canopius, a syndicate from Lloyd's of London. According to Copper, the rise in the price of <a href="https://www.cryptoknowmics.com/news/abra-global-announces-plans-for-u-s-bank-supporting-digital-assets">digital assets</a> in recent years has raised the demand for cold storage and created the ability to secure <a href="https://www.cryptoknowmics.com/news/uk-government-amends-finance-regulatory-bill-to-add-new-crypto-rules">cryptocurrency assets</a> offline. This is especially true given the expansion of institutional acceptance of the new asset class. The insurance will offer protection from employee theft, third-party fraud, and physical damage or destruction to digital assets managed by the business.
<h2>The Objective of the Company</h2>
The main objective of the company is to protect digital assets, and with this new security measure, the company can comfort the customers even more, according to Greg Hall, head of staff at Copper. Copper will keep collaborating extensively with the insurance industry to ensure the best, industry-leading insurance coverage to support the expansion of our business.

According to documents filed with Businesses House, the United Kingdom's registrar of companies, London-based Copper has secured $196 million in additional capital this year.

Copper Signs $500M Insurance Agreement With UK Behemoth Aon

Copper has acquired $500 million in insurance coverage for digital assets in cold storage, and additionally, the cover was organized by Aon (AON). 

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Copper Signs $500M Insurance Agreement With UK Behemoth Aon

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