Insurance is a multi-trillion dollar industry. Yet in crypto, real protection is still rare.

In this episode, I sit down with Ralph Tanner from Nexus Mutual at the Digital Asset Forum in London. We unpack how on-chain insurance actually works. Why it matters more than ever. And how Nexus has already underwritten over $6.5 billion in risk.

We talk about DeFi exploits. Exchange bankruptcies. Institutional adoption. The rise of vaults. And even kidnap and ransom cover for crypto founders.

If you are building, investing, or allocating capital in Web3, this episode is for you.

Key Learnings (With Timestamps)

00:00 – The Big Opportunity

• Insurance is a multi-trillion dollar industry.

• Crypto still has very few serious providers.

02:46 – What Nexus Mutual Actually Is

• The first and leading on-chain insurance alternative.

• Think “Lloyd’s of London” but on blockchain.

• Members underwrite risk and earn yield.

04:34 – $6.5B Underwritten & Real Claims Paid

• Over $6.5 billion in notional coverage.

• Tens of millions paid out in claims.

• Real examples during exchange failures.

08:30 – Complex Claims Like Euler

• Why insurance isn’t fully automated.

• Handling exploits where funds are later recovered.

• Preventing double payouts.

12:04 – 2026: The Year of Vaults

• Institutional demand for DeFi yield.

• Embedded insurance inside vaults.

• Reducing friction for LPs.

15:04 – Scaling Capacity

• Plans for regulated structures (Bermuda/Cayman).

• Reinsurance via restaking platforms.

• Building second-loss capital layers.

18:28 – Kidnap & Ransom for Crypto Executives

• Triggered by real-world attacks.

• Tailored for crypto whales and founders.

• Pay premiums in ETH, BTC, or stables.

21:44 – Come Before You Get Hacked

• Engage at testnet stage.

• Risk modeling and pricing transparency.

• Creating new cover types based on demand.

Connect with Nexus

About: Founded in 2019, Nexus Mutual is the first crypto insurance alternative. Having covered more than $6.5 billion worth of digital assets while paying out $10s millions in valid claims, Nexus Mutual is the largest and most trusted underwriter for crypto risk. A true pioneer in the space, Nexus Mutual wrote the whitepaper for decentralized insurance alternative solutions. Since then, they have gone on to help thousands of people, protocols and institutions protect their digital assets against smart contract hacks and more. You're Covered with Nexus Mutual

X: @NexusMutual

Website: nexusmutual.io

https://nexusmutual.io/blog

Disclaimer

Nothing mentioned in this podcast is investment advice and please do your own research.

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