According to ChainCatcher, OneDegree, a licensed virtual insurance company in Hong Kong, announced a cooperation agreement with Walaa Cooperative Insurance Company of Saudi Arabia, which will support OneDegree in providing global reinsurance funds for its digital asset insurance products. It is reported that OneDegree will join MENA in 2023 to cooperate with many local and international players who choose to use the local area as the base for their Web3 business development. Through cooperation with Walaa, OneInfinity by OneDegree will support virtual asset service providers in the region and even the world.
OneDegree reaches cooperation with Saudi insurance company Walaa and obtains global reinsurance fund support for digital asset insurance products
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