Bitcoin Life Insurer Meanwhile Raises $37.5m, Adds Singapore-Linked Broker

Bermuda-licensed Meanwhile has raised $37.5 million, led by Bain Capital Crypto, pushing the Bitcoin life insurer's total funding past $180 million from backers that include Sam Altman. Alongside the 8 October 2026 raise, the company said it has signed 15 brokers serving wealthy families, among them Lioner, which operates out of Hong Kong, Singapore and Zurich, according to STT Info and Crypto News.

For a Singapore family, the broker network may matter as much as the size of the raise. A Bitcoin-denominated whole life policy licensed in Bermuda now has a Singapore-linked broker in its network. Singapore's own succession rules turn on where the policy is licensed: a policy from a Singapore-licensed insurer can carry a trust nomination that keeps proceeds outside the estate and outside debts, a protection that does not automatically attach to a Bermuda-issued contract.

The product behind the raise is BTC Life 1-Pay, a single-premium whole life policy Meanwhile introduced in early 2026 for wealthy clients living outside the United States. Owners can borrow up to 90% of the policy's Bitcoin value after the first year, with no fixed repayment schedule and no margin calls.

Policies can be owned by individuals, trusts or companies, a structure Meanwhile positions for succession and estate planning. Zac Townsend, the company's co-founder and chief executive, said brokers approached the firm because their clients kept asking for a way to pass on Bitcoin holdings.

"Wealthy families around the world already hold Bitcoin. What they haven't had is a regulated way to pass it on," said Zac Townsend, co-founder and CEO of Meanwhile.

The insurer's underlying entity, Meanwhile Insurance Bitcoin (Bermuda) Limited, holds the first Class IILT licence the Bermuda Monetary Authority has granted, received in July 2024 after two years in the regulator's sandbox. The licence permits it to transact long-term business only with Sophisticated Persons, and the company states its products are not available in all jurisdictions and are offered only through appropriately licensed intermediaries where permitted. Neither Meanwhile nor Lioner has disclosed how many, if any, BTC Life 1-Pay policies have been sold to Singapore clients.

Lioner's comment came from Giorgio Jeni, the firm's partner and head of Switzerland.

"Transparency, sound governance and strong regulation will remain important as new solutions emerge," said Giorgio Jeni, Partner and Head of Switzerland, Lioner.

Meanwhile said net long-term underwriting income for 2026 has already passed its full 2025 total and is on track to more than double by year-end, a figure it attributes to a surge in international demand for Bitcoin life insurance, particularly across Asia, Europe and the Middle East amid broader macro instability. The company has not disclosed the dollar or Bitcoin value of premiums received, in Singapore or elsewhere.

Updated on 14 October 2026: this article was revised and re-checked against its sources.

Sources

Sam Altman-backed Meanwhile raises $37.5M for Bitcoin insurance (Crypto News, 9 Oct 2026)
Sam Altman-Backed Meanwhile Raises $37.5M as Families Across Asia, Europe and the Middle East Turn to Bitcoin Life Insurance (STT Info, 8 Oct 2026)