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HomeNewsAXA XL, The Insurance Giant Introduces Insurance Service for Security Token and...

AXA XL, The Insurance Giant Introduces Insurance Service for Security Token and Crowdfunding

As per the published on March 6, the new product is called CrowdProtector and is designed for issuers and investors. The offering will protect new online capital formation strategies like equity crowdfunding and STOs.

The release further notes that up till now,  investing in private companies was only allowed to accredited investors, those who have a  net worth of higher than $1 million or earned income exceeding $200,000. This left a large junket of potential investors on the sidelines.

About AXA XL

, AXA XL is the second largest insurer in Europe and provides risk management and reinsurance services to insurance companies globally. During 2018, the company reported a net profit of 2.14 billion euro ($2.42 billion), a notable 66% fall from the earlier year.

The company stated at the time that many use cases relate to BTC hasn’t been explored much.

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