Insurance Giant AXA XL Launches STO and Crowdfunding Insurance

[ChainDD report] March 16 (ChainDD) Insurance technology company Assurely announced it launched new insurance product CrowdProtector with insurance giant AXA XL to provide insurance services for security token offerings (STOs) and equity crowdfunding.

The new product aims to protect issuers and investors which participate in online capital formation strategies such equity crowdfunding and STOs, and increase investors’ confidence, trust and safety to issuers. It is designed for protection against investors’ complaints and lawsuits as well as communication to investors, so as to help investors recover their principal investment in case issuers misuse the funds, purposefully misrepresent information in their offering documents or steal the money.

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