According to ChainCatcher, Michael Anderson, co-founder of Framework Ventures, revealed that the $40 million investment in crypto insurance company Meanwhile is the largest equity investment in Framework Ventures' history.

Meanwhile is reportedly a Bitcoin life insurance company that reached a valuation of $190 million after its Series A funding round, currently having only 10 employees.

Meanwhile's CEO Zachary Townsend stated that all of the company's technology is independently developed, and they may potentially establish an onshore life insurance company in the future to collaborate with their offshore company and provide Bitcoin products to American citizens. The recent $40 million funding will be used for global expansion, including developing product offerings and expanding target customer groups.