TOKENIZED INSURANCE CAPTIVES for vasp

Request more information

Capital-Efficient Risk Coverage for VASPs


Meet regulatory expectations under MiCA regulation without locking millions in idle capital.
Captivas transforms insurance into a transparent, yield-generating risk pool.

 

Insurance is broken for VASPs

THE POBLEM 

  • Limited capacity from traditional markets (e.g. Lloyd’s of London)

  • High premiums (5–15% annually)

  • Narrow coverage (exclusions on key risks)

  • Regulatory pressure → large capital buffers

The result:

  • Capital locked and unproductive

  • Reduced return on equity

  • Slower growth

 Tokenized Captive Insurance for VASP

Captivas enables VASPs to:

  • Pool risk with other regulated actors

  • Access scalable coverage

  • Turn reserves into yield-generating assets

From cost center → capital-efficient infrastructure

VIRTUAL ASSET SERVICES PROVIDER (VASP)

Q: Why should I join Osmium CAPTIVAS?


A: Joining Osmium CAPTIVAS enables your organization to access risk coverage where traditional insurance is limited or unavailable. You can meet regulatory expectations under MiCA regulation while reducing capital locked in reserves. Captivas provides a transparent, efficient, and structured solution to protect your assets and operations, with faster and more predictable claims processes.

INVESTORS

Q: What’s in it for me? What are the risks and potential yield?


A: Investors gain exposure to diversified, yield-generating risk pools backed by VASP premiums. Returns are derived from structured premium flows and underlying asset yields. Risks are mitigated through pooled captives, risk tranching, and transparent on-chain monitoring. Expected returns vary depending on the risk profile of participating VASPs, offering an alternative to traditional insurance-linked investments with enhanced visibility and control.

REGULATORS & COMPLIANCE OFFICERS

Q:How does Osmium CAPTIVAS support regulatory requirements and risk management?


A: Osmium CAPTIVAS is designed to complement regulatory frameworks such as MiCA regulation by providing a structured, transparent approach to risk coverage and capital management. The model enhances oversight through real-time visibility of reserves, clear risk allocation, and auditable processes. It supports VASPs in meeting safeguard expectations while improving the efficiency and resilience of their risk management frameworks.

HOW IT WORKS

1. Join the Pool

VASPs contribute premiums or collateral

2. Get Coverage

Protection against custody, cyber, and operational risks

3. Capital is Optimized

Reserves are:

  • Partially secured

  • Partially deployed into real-world yield strategies

4. Claims Paid Efficiently

  • Automated (parametric) or governed

  • Transparent and fast

FINANCIAL IMPACT

Traditional Model

  • €50M coverage

  • €4M premium

  • €50M idle reserves

Captivas Model

  • €2.5–3M effective cost

  • Reserves generating yield (4–8%)

  • Potential upside participation

Up to 60% capital efficiency improvement

WHY CFOs CHOOSE CAPTIVAS

✔ Reduce Insurance Costs

Mutualized risk lowers premiums

 

 

✔ Unlock Capital Efficiency

Idle reserves become productive

 

 

✔ Improve ROE

Yield replaces sunk costs

 

 

✔ Gain Transparency

Real-time visibility into risk and reserves

COVERAGE

Initial scope:

  • Custody risk (hot & cold wallets)

  • Cybersecurity breaches

  • Operational failures

  • Internal fraud

Optional extensions:

  • Smart contract risk

  • Stablecoin reserve protection

REGULATORY ALIGNMENT

Designed for:

  • MiCA regulation

Supports:

  • Safeguard requirements

  • Risk management frameworks

  • Auditability and reporting

RISK MANAGEMENT

  • Structured tranches (senior / junior)

  • Diversified pool of VASPs

  • Risk-based pricing

  • Deductibles and co-participation

TRANSPARENCY & REPORTING

  • Real-time solvency ratios

  • On-chain reserve tracking

  • Audit-ready reporting

Built for CFO and compliance teams

EN | FR |