Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service

According to a Press release published on March 6, Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs).

Their product CrowdProtector is designed for investors to protect new online capital formation strategies like equity crowdfunding and STOs. The product also aims increase trust, confidence and safety to potential investors guaranteeing that the issuer is insured.

CrowdProtector is a new offering that would be launched globally once it sees a wide acceptance.

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