Chainproof

Chainproof is disrupting the insurance industry with its innovative approach to offering regulated cyber-insurance for non-custodial smart contracts. Established in 2021 and headquartered in Bermuda, the startup provides insurance policies to institutional investors who utilize decentralized applications (dApps) like Decentralized Finance (DeFi) platforms and NFTs. What sets Chainproof apart is its bundled real-time monitoring and alerting service, which ensures that policyholders are promptly notified and guided on how to mitigate losses in the event of a hack. This unique value proposition has garnered significant attention, especially due to Chainproof being a subsidiary of Quantstamp, a renowned leader in blockchain and smart contract security. As the first of its kind, Chainproof's entrance into the market demonstrates its potential for growth and disruption within the insurance sector. Overall, Chainproof's integration of insurance and cybersecurity measures caters to the evolving needs of the blockchain and DeFi space, positioning the company favorably for potential investment and industry impact.