Nexera and Avata Announce Strategic Partnership to Pioneer RWA Insurance Solutions in Web3
Following the recent partnership announcement with tokenized data and analytics leaders Particula, Nexera, the tokenization infrastructure leaders, are excited to announce another strategic partnership with Web3 insurance gateway provider Avata.
Avata is a technical gateway that enables tailored insurance solutions for digital and physical asset owners. While the demand for digital asset insurance is growing, the insurance sector is still complex and fragmented and has not yet adapted to the new type of risks associated with Web3.
Avata solves this problem by pioneering the integration of insurance solutions within the digital and tokenized asset space, offering a seamless plug-and-play platform that connects insurance carriers with merchants of digital assets and tokenized real-world assets (RWAs). For Web3 asset merchants, Avata is an innovative way to generate ancillary revenue and provide assurance and secure peace of mind for their customers. By bridging insurance providers with Web3, Avata ensures comprehensive risk coverage for digital assets and Real-World Assets.
Nexera’s and Avata’s strategic partnership will pioneer innovative insurance solutions in the tokenized RWA space. Together, they will lay the groundwork for a robust tokenization platform designed to capture all the essential tools needed for ensuring advanced security and compliance within the Web3 ecosystem.
Avata has partnered with some best-in-class companies in the Web3 and Insurance spaces to pioneer the first generation of digital asset insurance. They include Consensys, Aventures, Plug and Play, and Blockchain Game Alliance, among others.
“This strategic partnership with Avata will help establish next-generation insurance solutions for the tokenized RWA space. Both teams are excited to set the standard and help manage risk for traditional and Web3 companies.” Rachid Ajaja, Founder and CEO, Nexera Foundation
“Nexera’s tech stack will help us reach many more industries & tokenization applications. We are determined to lead the way and develop comprehensive protection for new projects, assets & solutions!” — Sung Feng Wu, CEO, Avata
As the tokenized asset space continues to grow, innovative companies and partnerships are needed to manage the associated risk, ensure security and enable seamless compliance for new and established companies. Nexera and Avata’s strategic partnership will help pioneer this mission.
About Avata
Avata is at the forefront of digital asset protection, offering innovative insurance solutions for both digital and physical asset owners. Our technical gateway bridges the gap between insurance providers and digital citizens, ensuring security for assets ranging from NFTs to real-world assets backed by blockchain technology.
By partnering with leading companies in the Web3 and insurance sectors Avata has a wide array of use cases including digital product passports, gaming, ticketing, travel and more! Avata stands as a pioneer in the insurtech space, making risk coverage and safeguarding digital ownership accessible to all.
Join Avata’s mission to navigate the next era of digital ownership with confidence!
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About Nexera Foundation
Nexera Foundation is empowering the future of finance with cutting-edge open-source innovation. Nexera infrastructure seamlessly incorporates blockchain technology, facilitating on-chain and off-chain operations for simplified digital, financial, and real-world asset management.
Nexera Foundation is focused on nurturing the broader ecosystem and DAO and enhancing the utility of the NXRA token. It is committed to promoting community growth and driving innovation in the digital asset space, including the growth and development of current and future key ecosystem partners.
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