Family Offices & HNWI
Forward thinking family offices and high-net-worth investors have increased their crypto exposure over recent years. Instead of just holding BTC, ETH, and ETFs, many of these investors have moved up the risk and expertise curve, finding yield strategies across DeFi. In addition to facing the standard onchain risks that any capital is exposed to, family offices and high-net-worth investors have to take into account their physical safety. A wallet address, an ENS name and a public transaction history are often enough to link a balance to an individual.
Risks faced
Organizations in this category typically face a combination of protocol, custody, counterparty, and market-structure risks. The more systems they rely on, the more important it becomes to map the risk surface before losses occur.
Kidnap, ransom and wrench attacks on holders and their families
Centralized exchange failure where holdings sit with a custodian
Smart contract exploits in any protocol holding capital
Stablecoin depeg on reserves and settlement assets
Leveraged liquidation and unrealized loss on positions borrowed against a core holding
For onchain and custodial exposure, Custody Cover responds to exchange withdrawal halts and haircuts, Single Protocol Cover covers individual positions, and Depeg Cover covers stablecoin holdings. Where a book warrants portfolio-level treatment, Fund Portfolio Cover covers all of it in one transaction. Crypto Kidnap & Ransom Cover is a safety net for holders and their families, built with Merrill Herzog, InShare and Samphire Risk. It covers ransom reimbursement in crypto and gives members access to a 24/7 crisis-response team of former special forces and intelligence operators, with cover options extending to close family members. Confidentiality is part of the product, and no publicly available information connects cover to any individual.
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