OneDegree has partnered with Saudi insurer Walaa and received global reinsurance funding support for digital asset insurance products

ChainCatcher news, Hong Kong virtual insurance licensed company OneDegree announced a cooperation agreement with Walaa Cooperative Insurance Company in Saudi Arabia, which will support OneDegree in providing global reinsurance funding for its digital asset insurance products. It is reported that OneDegree joined MENA in 2023 and collaborated with many local and international participants choosing the region as the base for its Web3 business development. Through the partnership with Walaa, OneInfinity by OneDegree will support virtual asset service providers both regionally and globally.