Nayms Announces Partnership With Coinbase
Nayms announced a partnership with Coinbase, which “aims to empower insurance companies, reinsurance funds, and capital providers by leveraging on-chain technology for seamless insurance transactions.”
A spokesperson said, “Nayms, the cutting-edge digital insurance marketplace, is thrilled to announce a groundbreaking collaboration with Coinbase, utilizing Coinbase Prime, Base, and Coinbase Web3 wallet. This launch aims to empower insurance companies, reinsurance funds, and capital providers by leveraging on-chain technology for seamless insurance transactions. Nayms’ recent decision to build on Base, an Ethereum Layer2, incubated inside of Coinbase, sets the stage for a globally connected network to reinvent how institutional insurance markets operate.
Industry-Leading Infrastructure for On-Chain Insurance Transactions
“Through this collaboration, Nayms, with the use of the Coinbase technology stack, will provide industry-leading infrastructure that enables insurance entities to transact directly on the blockchain. By utilizing Coinbase’s Prime offering, insurance companies gain access to institutional-grade security and custody—a critical requirement for effective risk management. The integration of Coinbase’s Web3 wallet with Nayms’ marketplace facilitates secure capital deposits into segregated accounts and streamlines policy binding.”
“We are very excited to introduce Coinbase to our insurance partners within the Nayms ecosystem,” said Adam Adamson, Head of Business Development at Nayms. “The Coinbase Prime offering ensures top-tier security, which is paramount for any risk management company. Additionally, Coinbase’s Web 3 wallet seamlessly connects with our marketplace, allowing efficient capital flow and policy management.”
Unlocking New Opportunities for Traditional Insurers
The spokesperson said, “The Nayms-Coinbase collaboration opens up fresh possibilities for traditional insurers. By providing the necessary tooling for on-chain operations, Nayms and the Coinbase product suite, empower insurers to navigate this dynamic landscape with confidence. As the crypto insurance market continues to grow, this collaboration promises to redefine industry standards and drive innovation.”
