GCP Short
09 - 12 - 2020
Forming the world's first crypto custody captive
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In this GCP Short, produced in collaboration with international law firm Walkers, we bring you a fascinating case study of the world's first captive formed to insure crypto custody.
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Richard is joined by Sarah Dermerling, a Partner at Walkers in Bermuda, and Yusuf Hussain, Head of Risk at Gemini, a secure platform to buy, sell and store cryptocurrency.
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Yusuf talks through why Gemini decided to establish a captive in January 2020, the state of the insurance market for crypto risk and what lies in the future. Sarah provides a legal perspective of the considerations involved and the regulatory environment's response to this new type of risk.
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For more information on Walkers, visit their GCP page.