(Image source: Meanwhile homepage.)
Meanwhile (New York), a licensed and regulated Bitcoin-denominated life insurer, has raised $40 million in Series A funding to expand access to its BTC-based life insurance and annuity products. The round is co-led by Framework Ventures and Fulgur Ventures, with participation from Xapo founder Wences Casares.
Zac Townsend, Co-Founder and CEO, Meanwhile.
The raise follows a total of $20.5 million in seed funding, including investments from OpenAI CEO Sam Altman, Stripe early employee Lachy Groom, and Mouro Capital. The new capital will support product development, international expansion, and institutional investment strategies.
Meanwhile’s flagship offering, BTC Whole Life Insurance, combines traditional life insurance features with Bitcoin-denominated benefits. Policies offer guaranteed payouts, inflation-resistant value preservation, and access to liquidity through tax-free loans and partial withdrawals. All premiums and claims are settled in Bitcoin.
Oleg Mikhalsky, Partner, Fulgur Ventures.
“Crypto is a borderless economy, and Bitcoin is its global currency and store of value,” says Zac Townsend, Co-Founder and CEO, Meanwhile. “Our mission is to bring fundamental financial services—like life insurance and annuities—to this new economy. People living in regions experiencing high inflation or currency instability can significantly benefit from insurance policies that preserve their wealth and purchasing power.”
Tailored to Bitcoin Holders
“Meanwhile stands apart as the world’s only, fully regulated, entirely Bitcoin-denominated insurance provider,” says Oleg Mikhalsky, Partner, Fulgur Ventures. “By combining innovative insurance product design with Bitcoin as the underlying asset, Meanwhile delivers a valuable and globally accessible service tailored specifically to Bitcoin holders.”
Michael Anderson, Co-Founder, Framework Ventures.
Meanwhile is licensed by the Bermuda Monetary Authority and operates under a regulatory framework aligned with Europe’s Solvency II standards. It remains the only insurer authorized to denominate and report financials entirely in Bitcoin.
Framework Ventures Co-Founder Michael Anderson says the firm’s thesis is driven by both existing Bitcoin users and a broader opportunity among consumers in inflation-prone economies. “A BTC-based insurance product could be a total game-changer. The potential addressable market here is enormous,” Anderson says.
Meanwhile plans to use the new funding to expand geographically, develop additional product offerings, and scale its insurance infrastructure.
Meanwhile Digital Asset-Denominated Life Launches with $19M Funding