WTW acquires Redefind to enhance crypto asset recovery services

The global insurance broker launched a non-custodial digital asset protection service covering forensic investigations, asset tracing, and legal recovery costs.

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Add us on Google by Editorial Team Jun. 2, 2026

WTW, the global insurance broker and risk advisory firm traded on NASDAQ under WTW, has acquired crypto insurance platform Redefind and immediately launched a dedicated digital asset protection service. The new offering covers costs tied to forensic investigations, asset tracing, and legal recovery efforts following theft or loss of crypto holdings.

The deal, announced on June 2, brings Redefind’s co-founders Richard Daws and Connor Edward into WTW’s operations. Financial terms were not disclosed.

What the new service actually does

WTW’s new service operates on a non-custodial basis, meaning the insurer never needs to hold or control the digital assets it covers. Instead, the system relies on cryptographic proof of ownership to verify which assets are insured. Rather than handing your Bitcoin to an insurance company for safekeeping, you prove you own it through cryptographic signatures, and the policy attaches to that proof.

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This lets individuals and institutions purchase coverage for digital assets held across different custody arrangements, whether that’s a hardware wallet, a self-custody software wallet, or assets held with a third-party custodian.

The service initially launches in the UK, with plans to expand into additional markets afterward.

Redefind’s backstory and WTW’s crypto ambitions

Redefind, which previously operated under the name Cryptive, built a web-based platform specifically designed for digital asset insurance products, allowing both retail and institutional clients to get coverage tailored to the peculiarities of crypto custody.

For WTW, this acquisition builds on the firm’s Fintech and Digital Assets Taskforce, established in August 2024. Acquiring Redefind represents a move from internal strategy development to deploying an actual product in the market.

What this means for investors and the broader market

The non-custodial design is particularly relevant for self-custody users who refuse to hand their keys to a third party. A policy that verifies ownership cryptographically without requiring custody could unlock an entirely new segment of insurable clients that other providers have struggled to reach.

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