Product

Nayms is a marketplace for crypto-native insurance, a bridge between alternative capital and uninsured risk in the rapidly evolving digital assets' space. We provide the technical and legal infrastructure over which stakeholders come together to capitalise and transfer risk on-chain. At Nayms, all insurance, from limits and premiums to claims and reserving, is conducted entirely in a cryptocurrency of choice, whether a general token, such as Ethereum and Bitcoin, or a stablecoin.

By matching assets with liabilities, we reduce or eliminate currency risk on blockchain exposures; and by matching demand with much-needed supply, we bolster growth and stability within the blockchain ecosystem. We afford our customers - insurers, insureds, intermediaries, and investors - many other advantages of blockchain technology, including its efficiency, immutability, transparency, and composability.

Problem

Solution

Business Model

Token

While Nayms is a centralised company, subject to the oversight of both its board of directors and the Bermuda Monetary Authority, it incorporates DeFi features into its platform through the NAYM token, an element that complements rather than defines our core offering. This flexible approach allows us to combine cutting-edge innovation with well-grounded compliance without compromise. It also distinguishes our NAYM tokens from our participation tokens. These two types are unrelated. Whereas participation tokens are restricted to our platform, NAYM tokens can be listed and traded externally on exchanges.

Whereas participation tokens perform a required function (of capitalisation) in our marketplace, NAYM tokens are optional in the marketplace yet offer important benefits to their holders.

NAYM is designed to grant governance rights to token holders and capitalise the Nayms Liquidity Facility (NLF). The NLF, legally encompassed under a Cayman Foundation, fulfils two key functions for the efficient operation of the Nayms marketplace:

• Primary capital provision to marketplace insurance programmes.
• Liquidity provision to marketplace participants.

Roadmap

Team

Strategic Investors and Partners