MindWave Innovations Inc. USA and Skalup Capital Singapore Form Bermuda Insurance Joint Venture, Pursue Insurance License with Bermuda Monetary Authority
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Joint venture pairs MindWave's blockchain infrastructure and digital-asset-backed capital, in the form of staking, with the insurance expertise of Skalup Capital Pte Ltd, a Singapore-based holding company, to build reinsurance capacity in one of the world's leading insurance markets.
MindWave Innovations Inc. USA (NYSE American: APUS) has entered into a joint venture agreement with Skalup Capital Pte Ltd, a Singapore-based holding company, to establish an insurance and technology business in Bermuda under the working brand Monaco Insurance. The partnership aims to combine MindWave’s blockchain technology and staking capital with Skalup’s underwriting expertise to pursue an insurance license from the Bermuda Monetary Authority (BMA), focusing on life annuity products, general insurance, and reinsurance capacity.
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