Digital Assets & Blockchain
Digital Assets incorporate a range of projects and protocols from Bitcoin, cryptocurrencies, and smart contracts, to NFTs, DAOs, the metaverse and more. Newfront can articulate the risk characteristics between each industry class and guide you through this promising but volatile arena.
Our approach
From cyber threats to service disruptions and shifting regulatory regimes, Newfront can help de-risk your blockchain venture so you can move forward knowing your technology, data, and customers are protected.
Insightful risk management
Once we have a complete profile of your objectives, risk exposures, and risk tolerances, we work as an extension of your team to create a strategy that keeps your assets, balance sheet, and employees safe.
Intersecting expertise
Newfront understands how digital asset and blockchain risk evaluation often intersect with traditional finance, fin-tech, the energy grid, intellectual property, and other industries.
Regulatory insight
Our digital asset team has a clear grasp of an increasingly complicated regulatory landscape with multi-jurisdictional footprints.
Full-service claim management
If you need to file a claim, we handle everything from immediate actions for minimizing loss to serving as your dedicated liaison and advocate with carriers to help you address each issue the right way.
The Newfront difference
Subject matter expertise
Digital assets incorporate a wide range of projects and protocols. Newfront’s dedicated team understands the nuanced risk of each.
Digital asset experts are well versed in the valuation of your assets, whether that is ASICs from a property perspective or NFTs from an intellectual property perspective and everything in between
Deep expertise and experience in cybersecurity policies covering the theft of digital assets including custodial and counterparty risk considerations
Whether you are directly mining, issuing tokens for a protocol, operating a DAO or running a “crypto-adjacent” SaaS company, we can help you navigate the differing risk and regulatory environment for your company
Deep industry connections with specialty underwriters in the US, London & Bermuda who have the industry knowledge and perspective to appropriately address your risk
Emerging risk
Dealing in digital assets and blockchain markets requires specialized knowledge. Novel risks emerge at the pace of innovation. Does your current broker understand the differences between:
Blockchain + Crypto
Proof of work vs. proof of stake
Immersion vs. air cooling
Slashing in staking risks
Custodial and counter-party risk in exchanges, protocols, and self-custody
Decentralized governance issues with DAOs and protocol foundations
Execution risks for smart contracts
Case Study
Securing the blockchain
A global fintech company using blockchain for secure payments struggled to find adequate and affordable coverage. By partnering with Newfront, the client saved more than $236,000.
Leadership
Erik Stenson
Erik Stenson brings over 25 years of experience at insurance companies and startups. Erik specializes in working with high-growth companies, frame-breaking business models, venture-capital-backed and pre-IPO entities, software-as-a-service companies, shared economy models, and cryptocurrency-based companies. Erik is a 2023 Risk & Insurance Power Broker winner.
Leadership
Garrett Johnston
Garrett Johnston is the Sharing Economy Leader at Newfront. Garrett brings more than two decades of industry experience, specializing in helping clients meet emerging risks new in the product and the digital space. Garrett is located in Atlanta and serves clients across the country.
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Case Study: Decrypting Insurance for a Crypto Fintech
A global fintech company using blockchain for secure payments struggled to find adequate and affordable coverage. By partnering with Newfront, the client saved more than $236,000.
Meet Cameron Lock, a Newfront 2023 Financial Services Power Broker
Risk & Insurance recently named Cameron Lock a top financial services insurance broker. Read more about his creative approach.
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Sheri Jamme recaps A Journey into the Metaverse touching on all things Crypto and NFT's.
