Smart contract companies, dumb insurance coverage
Traditional insurance is failing digital asset companies. As tokenization hits $20 trillion, firms need tailored coverage — not off-the-shelf policies.
Opinion by: Darren Sonderman and Sydney Sonderman, financial lines insurance brokers at CAC Group
Digital assets, decentralized finance (DeFi) and tokenization are no longer fringe concepts — they are reshaping global finance. With real-world asset tokenization projected to hit $20 trillion within the decade, the race is on to establish strong legal and regulatory frameworks.
The US is catching up as the Trump administration promotes stablecoin and crypto market structure legislation and the creation of key task forces.
