Anthea, a global cryptofintech group offering cryptocurrency-denominated life insurance through its subsidiary Anthea Insurance, has secured $22 million in Series A financing.

The round was led by Yunfeng Financial Group and included strategic and financial investors with backgrounds in insurance, asset management, and fintech.

The capital raise will support the launch of Anthea’s first life insurance product denominated in Ethereum (ETH), which the company says is the first of its kind globally. Funds will also be used to support ongoing business operations, speed up product development, and broaden distribution channels and market presence across Asia.

“This funding round is more than capital — it is a strategic alignment with partners who share our vision for the future of insurance,” said Alex Pei (pictured above), CEO of Anthea.

Pei said that regulated and consumer-focused products have gained ground in the digital asset sector in recent years, and that Anthea intends to combine “the right combination of innovation and protection” for the market.

This latest development follows the recent in-principle approval from the Bermuda Monetary Authority (BMA) to register as an Innovative Insurer. Anthea said that it plans to use the capital to strengthen its integration of traditional life insurance models with blockchain infrastructure, develop yield-generation features, and pursue other strategic initiatives.

The funding for Anthea also comes amid a period of growing activity in crypto insurance. Earlier this year, Blockchain Deposit Insurance Corp. (BDIC) announced the launch of a global crypto insurance unit focused on digital wallet coverage.

The new entity is pursuing Lloyd’s coverholder status to collaborate with syndicates and develop structured insurance products for digital assets.

The regulatory landscape for digital assets is also evolving. Earlier this year, a high-profile SEC enforcement action was dropped, signaling a potential shift in the regulatory tone. Lawmakers have advanced the draft Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to create clearer rules for digital asset markets, including insurers and intermediaries that operate in the space.

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