LTP expands digital asset custody insurance plan, raising coverage limit to 100 million USD

Foresight News reported that LTP Group announced the expansion of its digital asset custody insurance program to a maximum coverage of 100 million US dollars, supported by Canopius, a leading underwriter at Lloyd’s of London. This insurance program covers its digital asset custody services under a regulated framework, aiming to strengthen asset protection and risk control systems, aligning with traditional financial standards.

LTP stated that, as global regulatory frameworks become increasingly clear and market volatility and cybersecurity risks coexist, the demand from institutional investors for custody security and compliance is rising. Sufficiently insured custody arrangements have become an important prerequisite for institutional capital deployment.