The digital asset custody platform GK8 has increased the insurance limit for institutional clients to $1 billion

ChainCatcher news, according to Cointelegraph, digital asset custody platform GK8 has partnered with USI Insurance Services to expand its insurance policies for institutional clients, providing up to $1 billion in coverage for each client.

It is reported that the policy applies to digital assets stored in GK8's offline cold wallets, while assets stored in its multi-party computation-based institutional wallets are covered up to $125 million, to incentivize banks and other financial institutions to start investing in cryptocurrencies. (Cointelegraph)