October 7th — According to Chainwire, Bitcoin life insurance company Meanwhile has announced the completion of an $82 million funding round to meet the growing demand from individuals and institutional clients for inflation-fighting savings, retirement, and insurance products.
This funding round was led by top global investment firms Bain Capital Crypto and Haun Ventures, with Pantera Capital participating, and other contributors including Apollo, Northwestern Mutual Future Ventures, and Stillmark. The funds will be used to further promote Bitcoin-priced life insurance, annuities, savings, and insurance bond products through institutional partners, helping policyholders worldwide hedge against inflation and currency devaluation risks.
Meanwhile, regulated by the top-tier global financial regulatory entity Bermuda Monetary Authority, offers Bitcoin-denominated savings and protection products, integrating Bitcoin, the world's leading "store of value" asset, into a traditional insurance framework for the first time.
With the increasing demand from individuals and businesses for Bitcoin-denominated savings and corporate treasury management products, Meanwhile's Bitcoin Assets Under Management (BTC AUM) have experienced over 200% growth.
Meanwhile's products combine the security and predictable returns of traditional life insurance and annuities with the scarcity and anti-inflation characteristics of Bitcoin, providing global policyholders with a new tool to combat inflation, engage in long-term financial planning, and facilitate intergenerational wealth transfer.
This funding round brings Meanwhile's total cumulative funding to $122 million by 2025, following an earlier $40 million Series A funding led by Framework Ventures and Fulgur Ventures earlier this year. Investors in this round of funding include both crypto-native institutions and traditional financial giants, reflecting Bitcoin's increasingly foundational role as an underlying asset for mainstream financial products.
Meanwhile is entering the next phase at the intersection of Bitcoin and the insurance capital markets, with its innovations including:
• The world's first Bitcoin-priced life insurance company;
• Bermuda's first-ever Long-Term Insurance License, setting a global regulatory precedent;
• The world's first audited Bitcoin financial statements, establishing trust and transparency;
• The world's first Bitcoin life insurance product suite, transforming the approximately 3% of global GDP insurance industry;
• Earning Bitcoin returns through secure lending and private credit to become one of the world's largest long-term BTC lenders (with lending periods exceeding 6 months).
Meanwhile CEO Zac Townsend stated, "Life insurance companies have long been providers of long-term capital that stabilize financial markets. We aim to bring this role into the Bitcoin space—helping families save and preserve value in BTC while offering institutions new revenue streams and compliant financial products linked to Bitcoin. This financing allows us to expand our successful model and collaborate with global partners to further expand."
He added, "Bitcoin needs more than just short-term speculation but a long-term financial solution supported by real economic activity. Meanwhile offers savings and protection products pegged to Bitcoin, allowing families and institutions to sustainably earn while preserving value. Since our inception, we have operated as a licensed, prudently regulated insurance entity, compliant with the highest global solvency and reserve standards."
Haun Ventures partner Chris Ahn said:
"Our core belief is that the Bitcoin economy needs more than just trading platforms and DAOs but the core building blocks of capital markets. Just as the U.S. economy is built on insurance, pensions, and mortgages, the Bitcoin economy similarly needs its own long-term financial products. Meanwhile is a pioneer in this space, and we believe it will usher in a new wave of innovation in Bitcoin-denominated markets."
Bain Capital Crypto partner Stefan Cohen added:
"Meanwhile is building simple, compliant, and sustainable Bitcoin financial products, enabling individuals and institutions to more practically use Bitcoin. We are excited to support the team's scale-up and collaborate with traditional insurers to bring Bitcoin-linked savings and retirement products to market in an institutional-grade, secure, and global manner."
Meanwhile Incorporated's mission is to enable anyone, anywhere, to achieve intergenerational savings, protection, and wealth accumulation.
The company is the parent company of Meanwhile Insurance Bitcoin (Bermuda) Limited, the world's first fully Bitcoin-reserved licensed long-term insurance company, where all premiums, policy values, and claims are Bitcoin-denominated.
Meanwhile was co-founded by fintech entrepreneurs Zac Townsend and Max Gasner and received early investment support from investors including Sam Altman.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia