Hong Kong (Central District)
Blockchain Deposit Insurance Corporation (BDIC), the world’s first decentralized cryptocurrency deposit insurer, headquartered in Hong Kong, made several announcements this morning offering insight into the company’s rollout, its growing network effect across the banking industry, and the next steps for clients seeking coverage. BDIC provides FDIC-adapted deposit insurance for digital assets at a time when more than 716 million people globally hold cryptocurrency, fewer than 2% of crypto assets are currently insured, and $17 billion was stolen through crypto scams and fraud in 2025 (Chainalysis 2026 Crypto Crime Report).
Founder and CEO Jeffrey A. Glusman opened by addressing recent regulatory changes and how BDIC can now deliver StableCover Pro to close a missing layer of protection for institutions. “Anticipation on the crypto market gravitating towards stablecoins as a mainstream financial tool for the next few hundred years allows us to now show institutions, banks, wallet providers, and exchanges how they can incorporate our solution into their education and offerings. We have been waiting for this moment,” Glusman said.
Company spokesperson and Chief Marketing Officer Liam Nguyen commented on the maturing crypto market and BDIC’s impact on the banking space. “Crypto is no longer a fringe asset class. It is becoming part of how banks, treasuries, and wallet providers think about deposits and daily operations. As that market matures, the institutions entering it need a protection layer they can underwrite against and explain to their own customers. That is the conversation we are having with the banking sector right now, and it is why insurance has moved from a nice-to-have to a precondition for serious participation.”
Nguyen noted that much of this momentum is being driven by BDIC’s strategic partnership with the Banking Exchange. He added that the company’s C-suite has boots on the ground at the University of Chicago today, meeting with executives from banks across the country to discuss how they can navigate incorporating crypto into their deposit and operational strategies, alongside the impact of AI and data on their broader business plans.
Network partners on hand for the event, including AI2030, Alacriti, Crowe, Finastra, Fireblocks, Paywhere, and tesser, demonstrated a shared commitment to supporting financial institutions through this transition.
BDIC’s Chief Risk and Compliance Officer and Chief Information and Security Officer are on site for these meetings, as their counterparties are the primary attendees. Through the Banking Exchange, the team has reviewed bolt-on solutions, integration platforms, and the steps institutions need to take as they adapt to current financial markets. Chief Risk and Compliance Officer Adriano Raimondi commented, “A serious digital asset framework should do three things at once: define the market, protect the consumer, and assign accountability before failure, not after.” Chief Information and Security Officer Allen Sautter echoed the point and added, “As crypto wallets, stablecoins, and AI payment agents move into mainstream finance, security can no longer be an afterthought. Unlike traditional banking, many of these systems offer no recourse once a transaction executes, making consumer protection a design requirement, not an option. Hardened application security, rigorous secure development practices, and real-time fraud detection must be foundational, not retrofitted. AI payment agents act autonomously and at speed; our defenses must match that velocity. The platforms that earn lasting consumer trust will be those that treat identity integrity and transaction transparency as non-negotiables. The regulatory environment is catching up, but consumer expectations are already there.”
Glusman also provided insight on BDIC’s efforts to expand coverage globally, noting that the company has received an invitation to participate in InsurTech NY’s MGA Lab, which the Chief Risk and Compliance Officer and incoming Chief Insurance Officer will attend in New York. “The network effect in crypto and crypto insurance is no different than the classic insurance market. InsurTech brings exposure to multiple partners with strong ratings and capacity, allowing BDIC to offer and provide coverage capacity that is effectively unlimited as we deliver on balance sheet strength and move to coverage,” Glusman said.
He continued, “As our clients and affiliate partners announce their go-to-market strategies in the coming weeks, the process for coverage is truly simple. They tell us which markets are priority coverage zones, and we are able to provide that coverage. As long as our partners tell us in advance where they want to be and how much coverage they want to offer, we will deliver with accurate timelines and clear execution.”
The company also updated its multi-dimensional marketing efforts. The BDIC Bulletin, the company’s magazine (“A Blockchain Industry Update”), published its fourth edition on June 1 with the cover article “Banks Win.” BDIC Broadcast (“A Blockchain Industry Roundtable”), airing next month, will again focus on education, insights, and calls to action across the crypto industry, reinforcing the company’s focus on day-to-day crypto adoption and the peace of mind that insurance provides.
The company suggested several more press releases in coming weeks, that the quiet before the storm the last few months has reached a tipping point. “Platform providers know what consumers want and are ready to deliver so the momentum of adoption and daily utility use becomes fluid, incorporating insurance as the missing layer to encourage and accelerate the process will be the differentiator.”
Now we collectively wait to see which enterprise platform providers, banks and financial institutions will adopt the BDIC gateway for their clients.
For insights and updates on BDIC please also see existing social media platforms and their prior press releases.
About BDIC
Blockchain Deposit Insurance Corporation (BDIC) is the world’s first decentralized cryptocurrency deposit insurer, headquartered in Hong Kong. BDIC provides FDIC-adapted deposit insurance for cryptocurrency assets, with dual-tier coverage from $0 to $20,000, claims processed via smart contracts, and obligations backed by a 33% Insurance Reserve Pool. BDIC’s product suite includes Standard Crypto Deposit Insurance, StableCover Pro for institutional stablecoin reserves, AgentCoverPro for AI agent payment systems, and VaultCoverPro for self-custody. Learn more at BDICinsurance.com.
Media Contact Liam Nguyen, Chief Marketing Officer BDIC (Blockchain Deposit Insurance Corporation)
Email: lnguyen@bdicinsurance.com
Website: BDICinsurance.com
LinkedIn:https://www.linkedin.com/company/blockchain-deposit-insurance-corporation
Telegram: https://t.me/BDICInsurance
Instagram: https://www.instagram.com/bdicinsurance