BlockBeats News, October 2nd – Yunfeng Financial Group (00376.HK) announced a strategic investment in global cryptocurrency life insurance company Anthea Holding Limited and signed a strategic cooperation memorandum. The two parties will explore the use of blockchain technology in the insurance business, especially in the application of KYC, AML, and other compliance processes, strengthen risk management, and promote the development of the digital financial ecosystem.
Anthea provides cryptocurrency-denominated life insurance products through its wholly-owned subsidiary Anthea Insurance Limited. It has obtained preliminary approval from the Bermuda Monetary Authority for an innovative long-term insurance business license, covering savings life insurance, fully digitalized underwriting and claims, and compliance-linked asset management.
