Resolvr Secures Seed Funding Led by Axiom to Revolutionize Insurance with Bitcoin
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Aaron Daniel
Resolvr.io Co-Founder | Director Open Source Justice Foundation | Author: The Bitcoin Brief newsletter | Longform notes: https://habla.news/p/npub16zxfxy5ltnp992gp006jlyy9qc93qanzpfvv66fznvc7xul0ej0suk5dzc
3 min read
We’re excited to announce that Resolvr has secured seed funding led by Bitcoin-focused venture firm Axiom, with participation from Plan B Fund and the influential cryptographer, cypherpunk, and CEO of Blockstream, Dr. Adam Back.
At Resolvr, we’re building essential risk management infrastructure for every participant in the Bitcoin ecosystem. Our BDIC™ (Bitcoin Denominated Insurance Collaborative) is a first-of-its-kind embedded insurance network. It connects partner platforms—like custodians, wallets, and exchanges—to a global marketplace of regulated insurance carriers, allowing them to offer their customers licensed, bitcoin-denominated coverage on their assets directly within their products.
In the 17th century, merchants gathered in London coffee houses to underwrite voyages, creating the world's first insurance market. We are building the digital version of that coffee house for the Bitcoin economy. True financial sovereignty must include the tools to protect it. BDIC™ embeds a global insurance marketplace directly into the wallets and platforms people already use, making the experience as seamless as adding travel insurance to a flight.
We also want to thank our earliest supporters, who made it possible for Resolvr to begin its voyage: seasoned angel investors Zac Townsend, Nic Carter, Bob Burnett, Alvaro Sol, Ry Sterling, and Tony Miltenberger.
The new capital will accelerate our rollout of the BDIC™ embedded insurance network across multiple partner platforms with coverage from several providers. The funds will also be used to expand the marketplace by developing bitcoin-native vehicles to augment insurance capacity and deliver bitcoin-native yield.
We’re incredibly thankful to have found backers that share Resolvr’s goal of creating a stabilizing layer of protection for Bitcoin-based financial markets. “A natural part of Bitcoin’s continuing adoption and normalization is a robust ecosystem of financial services built on its own terms. Resolvr is developing a crucial component of the next stage of infrastructure buildout,” said Allen Farrington, co-founder and General Partner of Axiom. “Resolvr’s technology is not just an incremental improvement; it’s a categorical leap forward. We are proud to back a team that is strengthening the network for everyone.”
“The maturation of the Bitcoin ecosystem is demonstrated by the emergence of sophisticated infrastructure like Resolvr,” said Blockstream CEO, Dr. Adam Back. “Building out risk markets is a crucial next step to realizing the future of finance on Bitcoin, and Resolvr's approach is aligned with the core principles of Bitcoin.”
All Bitcoin holders should be thinking about risk management. At the same time, the insurance industry needs to start engaging with this massive new emerging risk class. Resolvr’s building the infrastructure that makes both possible.
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