The crypto insurance brokerage firm Native has completed a $2.6 million seed round financing, led by Nexus Mutual

ChainCatcher news, the crypto insurance brokerage Native has completed a $2.6 million seed round financing, led by Nexus Mutual.

Native will provide $20 million of on-chain insurance for each risk and will operate a fund pool on Nexus Mutual.

Ben Davies, co-founder and CEO of Native, stated in an interview: "Native's role is to help address the long-standing issue of underinsurance in the market. Without a liquid insurance market, no industry can thrive, which is why we have established an on-chain commercial insurance brokerage, something that the market truly lacks."