Relm, which also provides insurance to emerging industries like cannabis and psychedelics, has created a five-part offering for digital asset risks, such as cyber cover, crime coverage for holding crypto in hot wallets (connected to the internet), or covering investment managers of digital assets funds. In addition, there are more esoteric cover options like reimbursement for losses associated with staking Ethereum, where a participant can have their assets “slashed” for being offline, for example.
