Insurance

Lloyd's of London Coverholder (AM Best A+ rated). Launched December 2024. Uses Miniscript-powered Trident Vaults.

Meanwhile operates as a fully licensed life insurance company regulated by the Bermuda Monetary Authority (BMA), having graduated from the BMA's innovation sandbox to become a Class IILT long-term insurer. This regulatory framework subjects the company to Solvency II-style capital and reserve requirements similar to major global insurance jurisdictions.

The company has raised over $122 million in funding from prominent institutional investors including Bain Capital Crypto, Haun Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, Framework Ventures, and Fulgur Ventures. Early seed rounds were co-led by notable figures including executives from OpenAI, ex-Stripe leadership, and Google-backed Gradient Ventures.

Meanwhile generates yield on its reserves through secured and over-collateralized Bitcoin lending to institutional counterparties such as market makers, miners, and asset managers, described as conservative private credit rather than speculative trading. The company emphasizes this approach aligns with traditional insurance asset management practices while remaining Bitcoin-native. However, detailed custody arrangements, proof of reserves, and third-party security audits have not been publicly disclosed, which represents a transparency gap compared to established custodians.