Native x Nephos partnership

Lloyds Subscription Room, from "Ackermann's Repository"

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## Preaching to the choir
I’d be stating the obvious to tell you the future of insurance is about solving how to build businesses that can take the best of innovative technologies and combine them with the stability & trust required of the industry. 

Of all the technologies, crypto, blockchain and digital assets have had the least insurance innovation, both in how they’re served as insured businesses and how the technology they bring is applied within insurance. 

But, to me, combining insurance businesses and blockchain technologies has as much opportunity to progress the industry as automation and AI. Our dream at Native is to build a business that combines the best of all of these industries and technologies, setting a blueprint for a tech-first insurance company, one we think serves the next 100 years.

Our clear first step is in bridging worlds: bringing together the reliability of traditional insurance with the transformative potential of blockchain technology and onchain finance. As crypto is reshaping the traditional finance landscape, we’re engineering a hybrid approach to the future of insurance. 

## The state of traditional insurance and onchain insurance 

The digital asset industry faces a critical insurance gap. Traditional carriers, constrained by a lack of access to technical expertise, legacy systems and inflexible risk assessment models, struggle to provide adequate coverage or capacity. Meanwhile, pure decentralised “insurance alternatives”, while innovative, lack the regulatory framework and institutional trust necessary for the widespread adoption of these early blockchain pioneers.

Onchain insurance represents a fundamental shift in how coverage can be structured, managed, and delivered. At its core, it leverages blockchain technology to create transparent, automated, and efficient finance solutions. 

Smart contracts can enable parametric claims processing and instant premiums or claims settlements. Crypto-denominated policies align with how digital asset businesses operate. Risk pools & reserved capacity can be tokenised and managed using publicly auditable smart contract code, increasing both capacity and liquidity while enhancing transparency and trust.

This is where the real innovation begins: hybridising these powerful blockchain capabilities with traditional insurance underwriting and capacity. 

Regulated frameworks provide the security and trust that institutions demand. Risk assessment by blockchain security experts ensures sustainable underwriting through deep technical expertise. Expert claims adjusters understand the technical complexities of digital asset incidents. When merged thoughtfully, these elements create something more powerful than either approach alone. I see it as more than the sum of its parts, but currently a luxury of start-ups like ours.

## Our hybrid approach

Native brings an entirely new approach to digital asset insurance by seamlessly combining regulated insurance with onchain solutions. Rather than forcing clients to choose between traditional coverage or pure blockchain alternatives, we create bespoke solutions that leverage the strengths of both worlds.

Our hybrid model means we offer crypto-denominated limits that match how many digital asset businesses operate, while maintaining the security of regulated insurance frameworks. Smart contracts provide unprecedented transparency in policy terms and claims processing, while traditional underwriting expertise ensures sustainable risk assessment. 

For brokers, this means access to greater capacity and more flexible coverage options. For underwriters, it means better data and risk insights, enabling them to confidently enter the digital asset space. And for clients, it means finally having coverage that truly understands and adapts to their needs.

What makes this approach powerful is its adaptability. Whether working with traditional insurers looking to enter the digital asset space, or crypto-native businesses seeking institutional-grade coverage, Native's platform bridges the gap. By bringing together blockchain with traditional insurance expertise, we're laying the groundwork for a more ambitious vision. 

Our systems are built to harness AI to enhance everything from how we communicate to how we assess real-world risk. We depend on automation for seamless operations, and are architected to be quantum-ready as the technology matures. We're not just solving today's challenges – we're building the foundation for how insurance will evolve over the next 100 years.

## Singing with the choir

The insurance industry stands at a crossroads as crypto, AI and cutting-edge technologies approach their critical mass. The rapid evolution of digital assets and blockchain technology presents both unprecedented challenges and opportunities. 

The future belongs to those who reimagine what's possible by combining traditional insurance with groundbreaking technology.

Native was born out of an undying need to build that future today. We're not just bridging traditional insurance with blockchain technology - we're creating solutions that weren't possible before. We want to help create the blueprint for how insurers can truly evolve alongside innovation to meet the needs of a civilisation progressing at break-neck speeds.
The technology exists. The expertise exists. It's time to bring them together in ways that serve the best of multi-industry innovations, the inevitable Singularity and the next 100 years.


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The coverage, delivered in partnership with Native and Team Rizzo, sets a new benchmark for smart contract protection by introducing a $25 million limit and will be available to Rizzo Validator Delegates.

The new solution has been developed by Native, a London-based digital asset insurance broker. Having launched last year with the backing of Nexus Mutual, the world’s largest decentralised insurance alternative, Native is the first digital assets insurance broker to bridge regulated insurance with on-chain coverage.

Bittensor nominators staking within the Rizzo Validator can benefit from comprehensive coverage against staking smart contract hacks, including code bugs and exploits used in malicious attacks where bad actors steal or take control of users staked TAO. Delegates staking TAO to the Rizzo Validator will be able to access this protection through Native’s syndicate on Nexus Mutual’s proven smart contract infrastructure. In order to gain access to this policy, they must simply register their wallet on the Rizzo.Network website.


Bittensor receives On-Chain Coverage to Protect Network Participants

Insurance & Blockchain: Better Together

## Who can access Native’s onchain and traditional covers?

Our products are designed for any business underserved by the current insurance landscape. Whether you’re working in digital assets or facing large, complex risks in other emerging technologies. 

Native isn’t limited to direct clients - insurance brokers can also join the Native Network and access onchain risk transfer products for their clients. 

Big partnership and product news will be announced soon. Subscribe to our newsletter and follow us on [LinkedIn ](https://www.linkedin.com/company/native-insurance/), [Warpcast](https://warpcast.com/natives) and [X](https://x.com/nativeinsurance) for all our company updates.

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Dan Ross 

## What makes Native different? We're bringing traditional insurance expertise into the digital age. 

We are the first global insurance broker built to bridge traditional, regulated insurance with onchain capital. This allows us to navigate both worlds in order to provide the best coverage available to our clients. We believe ‘onchain’ is the new ‘online’, so we’re giving insurance an upgrade and creating a brokerage fit for purpose for the onchain ecosystem.

In partnership with Nexus Mutual, we have developed an exclusive line of onchain covers with a $20m limit. These include unique crypto-specific covers, such as Slashing cover, as well as traditional covers (such as property and custody) that follow primary, trusted insurers. This fresh, onchain capacity provides businesses with opportunities for enhanced balance sheet protection, outside investment, and the peace of mind needed to scale and drive mass adoption. 

Our expertise in traditional insurance markets means we can also offer traditional commercial insurance built specifically for the digital asset industry. Whether it be Directors & Officers’ for a Decentralised Autonomous Organisation or Errors & Omissions for an Exchange, we’ve placed some of the toughest risks in the world and have provided our expertise to the biggest names in the industry.

We’re proud to offer the most flexible insurance experience in the world, allowing our clients to participate in either the traditional insurance world or onchain. 


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This collaboration marks a pivotal step toward strengthening infrastructure and delivering leading solutions to businesses in the digital asset space.

At its core, crypto is driving a fundamental shift in how businesses operate, but it brings unique challenges around accounting, compliance, and risk management. Through their Myna brand, Nephos Group has built an impressive suite of crypto services that makes sense of this complexity. Their team doesn't just keep an eye on the books; they're actively helping businesses navigate the future of finance, whether that's managing crypto treasury operations or scaling DAOs.

What makes this partnership particularly compelling is how it bridges a critical gap in the market. Through this collaboration, Nephos' clients gain direct access to Native's specialised insurance solutions. Think D&O coverage designed specifically for crypto businesses, and DeFi protocol protection that understands the risks of smart contracts. But perhaps most exciting is how this brings our hybrid coverage model - which connects traditional insurance markets with onchain coverage - to Nephos' growing client base.

As the digital asset space matures and regulatory requirements evolve, businesses need both strong financial management and sophisticated risk protection. This isn't just about ticking boxes - it's about building infrastructure that supports genuine innovation while protecting against real risks.

This collaboration makes perfect sense because Nephos’ approach to demystifying crypto accounting aligns perfectly with our mission to make crypto insurance more accessible and comprehensive.

Whether you're running a regulated investment firm, managing a DAO, or integrating setting up a cryptocurrency treasury, you'll have a team that knows firsthand what you're trying to build and truly gets it.

Reach out if you'd like to learn more.

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Jake Steeves 

## About Bittensor

Bittensor is the world's largest decentralized, blockchain-based protocol fostering collaborative AI development. Its native token, TAO rewards contributors and powers transactions and governance. Founded in 2021 by Jacob Steeves and Ala Shaabana, Bittensor advances a trustless AI marketplace via its Yuma Consensus mechanism.

## About Rizzo Validator

Team Rizzo is a dynamic group of AI engineers and business professionals, thriving within the Bittensor Network. They operate the Rizzo Validator, ensuring seamless network performance, while simultaneously leading Subnet 20 Bitagent and Subnet 45 SWE. With their bold innovation and technical brilliance, they’re pushing the limits of decentralized AI.

Website - [Rizzo.Network](https://rizzo.network)   Twitter - [@TeamRizzoAI](https://x.com/TeamRizzoAI) 

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Beginning with $25 million in coverage, The Rizzo team is preparing to scale in tandem with the growth of their validator and subnets, adding further layers of protection as the cover matures. Nexus Mutual maintains a fully transparent, on-chain platform, where all coverage capacity and claims are available for public scrutiny. Nexus Mutual has a strong and longstanding history of paying claims through some of the largest events in DeFi.

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Frank Rizzo 

It’s estimated that around 1% of digital assets are currently insured globally. Compared to 6%-7% of GDP insured, this shows the significance of the  underinsurance crisis affecting digital asset businesses and hampering adoption. This gap needs to be addressed if we are to see our vision of a decentralised digital economy become reality.

Backed by the world’s leading onchain insurance alternative, Nexus Mutual, we are on a mission to address the chronic underinsurance problem for digital assets businesses. Led by two digital asset insurance veterans, CEO Ben Davis and CTO Dan Ross, they are joined by renown insurance entrepreneur James Assad who joins them as Chairman. With two decades of combined experience in digital assets insurance, the team has been at the vanguard of groundbreaking insurance innovation for years.

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/ Updates

Bittensor receives On-Chain Coverage to Protect Network Participants

Native and Nephos Group announce partnership

Introducing Native: Specialist insurance for digital assets businesses