Appleby Bermuda Advised Meanwhile, The World's First And Only Life Insurer Denominated In Cryptocurrency

Appleby acted as Bermuda counsel in the establishment of Meanwhile Services (Bermuda) Limited. Meanwhile is an innovative insurer licenced as Class ILT in the Bermuda Monetary Authority (BMA) Sandbox, a testing ground for innovation. Meanwhile is the world's first and only life insurance company denominated in Bitcoin.

Bermuda is known for its world-class insurance market, and now the island is fast becoming the market leader in the digital space. Meanwhile is a perfect example of Bermuda's ingenuity where insurance and digital come together to create revolutionary products for consumers around the globe.

Appleby's role as Bermuda legal counsel included licensing Meanwhile, drafting a private bill for the particulars of its operation, assisting with the drafting of the business plan, life policies and reviewing transaction documentation in connection with the registration.