Willis Towers Watson Public Limited Company WTW has acquired Redefind, designed to facilitate access to insurance products for crypto and digital assets.

Redefind is a U.K.-based digital asset insurance platform focused on providing insurance solutions for cryptocurrency and blockchain-based assets. Redefind’s initial product is a non-custodial “cost-of-recovery” insurance solution. Rather than insuring the market value of crypto assets, it covers expenses associated with forensic investigations, asset tracing and legal recovery efforts following theft or loss of digital assets. The platform uses cryptographic proof-of-ownership technology to verify ownership and facilitate insurance coverage.

This recent buyout boosts WTW’s strategy to…