Saudi insurer Walaa provides global reinsurance funding support to OneDegree, a Hong Kong virtual insurance licensee

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According to Techub News, Hong Kong Wen Wei Po reported that Hong Kong virtual insurance licensed company OneDegree has reached a cooperation agreement with Saudi Arabia's Walaa Cooperative Insurance Company, which will support OneDegree in providing global reinsurance funds for its digital asset insurance products.
OneDegree joins MENA in 2023 to work with a host of local and international players who have chosen the region as their base for Web3 business development. Through its partnership with Walaa, OneInfinity by OneDegree will support virtual asset service providers in the region and around the world.

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