Meanwhile Secures $82M to Expand Bitcoin-Denominated Life Insurance

Meanwhile, a Bermuda-regulated life insurance company specializing in crypto-denominated policies, secured $82 million in a recent funding round involving Apollo, Northwestern Mutual, Pantera Capital, Stillmark, Bain Capital, and Haun Ventures. The company, operational since 2023, offers life insurance products fully denominated in Bitcoin and invests the premiums by lending Bitcoin to large, regulated financial institutions. As one of the largest long-duration Bitcoin lenders globally, Meanwhile is innovating by integrating cryptocurrency assets within life insurance underwriting and investment strategies.

This development highlights a growing intersection between traditional insurance and digital asset markets, reflecting evolving regulatory landscapes and investor interest. The involvement of established financial and investment firms underscores the increasing mainstream acceptance and potential scalability of crypto-based insurance products, with implications for asset management, risk modelling, and compliance frameworks in insurance operations.