Anthea Holding Ltd, the Bermudian-based global fintech group offering life insurance products denominated in cryptocurrencies through its subsidiary Anthea Insurance Ltd, has secured $22 million in Series A financing.

With its aim of combining life insurance with digital assets, Anthea has attracted interest from global investors under the Bermuda Monetary Authority’s Innovative Insurer regime.

The funding round was led by Yunfeng Financial Group Ltd, alongside a diverse group of strategic and financial investors in insurance, asset management and fintech innovation, according to Anthea.

The company said the capital will enable the launch of Anthea's first life insurance product denominated in ETH (Ethereum), which will also be the world's first Ethereum life insurance product.

In addition, the funding will support Anthea's business operations, speed up product development and innovation and expand distribution networks and market presence across Asia.

“This funding round is more than capital — it is a strategic alignment with partners who share our vision for the future of insurance,” Alex Pei, chief executive of Anthea, said.

“The past few years have seen the rise of regulated and consumer-centric products and institutions in the digital-asset space. It is now time to bring the right combination of innovation and protection to the market.

“We are delighted to welcome investors with decades of experience in traditional finance and a shared appetite for innovation. Together, we are building a global platform where digital assets and life insurance converge.”

On his LinkedIn page, Mr Pei wrote: “With $22 million raised, Anthea is ready to redefine how protection and digital assets come together.

“Proud of our team, thankful for our supporters and excited for what’s ahead. This is just the beginning.”

The company said capital support from this funding round will further strengthen Anthea's commitment to integrating blockchain-based payment infrastructure, enabling yield generation and pursuing strategic innovations.

Anthea said it aims to create a seamless insurance experience tailored for both digital-asset holders and traditional investors seeking exposure to these assets.