OneDegree Partners with Saudi Insurer Walaa and Receives Global Reinsurance Funding for Digital Asset Insurance Products
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September 8, 2024
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ChainCatcher reports that OneDegree, a Hong Kong-based virtual insurance license holder, has announced a partnership with Walaa Cooperative Insurance Company in Saudi Arabia. Walaa will provide reinsurance funding to support OneDegree's global digital asset insurance products. OneDegree joined MENA in 2023, collaborating with numerous local and international entities seeking to establish their Web3 businesses in the region. This partnership with Walaa enables OneInfinity by OneDegree to support virtual asset service providers within the region and globally.
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