MPCH Partners with Canopius to Provide Insurance for Cryptographic Storage Solutions

MPCH Holding, Inc., cryptographic storage solutions company that provides physical and digital security solutions for enterprises’ most sensitive digital assets, partnered with Canopius, global Specialty and P&C (re)insurer and Lloyd’s of London Syndicate to insure MPCH Customers’ digital assets.

The partnership with Canopius further enables MPCH Customers to purchase additional Digital Asset Custody Insurance on their crypto assets protected MPCH technologies. This achievement is only possible because of the company‘s proprietary physical and digital security solutions and its team’s specialized knowledge in the field of secure systems.

Miles Parry ^(*), CEO, MPCH, shared: “Our partnership with Canopius marks the maturation of security in an increasingly tokenized ecosystem. By integrating MPCH’s cryptographic storage solution with Canopius’s insurance expertise, we have enhanced our capability to secure sensitive digital assets, thereby empowering our clients to confidently navigate the digital landscape. We are proud to offer scalable, bespoke insurance solutions that adeptly meet the unique challenges of private key protection.“

The company provides cryogenic cold storage integrated with ultra-secure, in-house developed Sensitive Compartmented Information Facilities (SCIFs), customized Hardware Security Modules (HSMs) based on zero-trust and zero-knowledge architectures, and unique Multi-Party Computation (MPC) technology for secure authentication and sharing. The insurance underwritten by Canopius, a leading Lloyds of London Syndicate, covers loss or damage to physical security measures rendering assets unrecoverable and provides an additional layer of security and peace of mind for the firm’s Customers.

^(*) Miles Parry, CEO, MPCH spent more than 10 years advising the UK government and large enterprises on critical security matters.