Native Review: Is Its Crypto Insurance Right for You?

Native is a specialist broker that helps businesses arrange insurance for digital-asset and emerging-technology risks. Depending on the risk, coverage may come from regulated insurance backed by Lloyd’s, an onchain arrangement, or a combination. The risks it names include theft of private keys, smart contract exploits, infrastructure failures, cyber incidents, slashing and liability. Its wider product menu also includes custody, directors’ and officers’, professional indemnity, property, cyber, and AI compute and mining insurance.

This is a business-to-business service, not an insurance app for individuals. Native also describes consulting, underwriting innovation and support for mutuals and captives. It says it can help governments unlock liquidity from large crypto balances through risk-transfer solutions, without moving the underlying assets. That does not mean every listed product is available to every applicant: the right coverage depends on your organization, risk profile, jurisdiction and the capacity an insurer or onchain provider will offer. Ask Native to identify the proposed coverage and parties in writing.

Native does not publish a standard premium list or a fixed broker-fee schedule. Its coverage is tailored, so the amount you pay will depend on the product, the insured risks, limits and terms offered for your organization. Get a written quote that separates the insurer’s premium from any broker or service charges, and check whether taxes, transaction costs or renewal charges apply.

Native highlights examples of completed work: $100 million in Lloyd’s-backed cover for Onramp’s multi-institutional Bitcoin custody model, and a $25 million facility for a decentralized AI network that it says was structured and secured in under a month. It also reports that processing and transacting the latter facility cost under $2. These are specific examples, not a price list or a promise that similar coverage, limits or costs are available to your business.

Compare quotes on the same basis. Check the deductible, coverage limit, exclusions, claims process and whether a payout is in fiat, crypto or another form. A low quoted premium is not useful if the key incident you want covered is excluded.

Native says it arranges fully regulated, Lloyd’s-backed policies as well as onchain cover. That is useful context, but you should verify the actual insurer or capacity provider, policy jurisdiction and coverage documents for the product offered to you. Lloyd’s backing does not mean every Native service is a Lloyd’s policy, or that a particular claim will be paid.

The main site does not identify Native’s own regulatory status, publish independent audit information, or give enough detail to assess the security and claims controls of its onchain solutions. Treat those as due-diligence questions rather than assumptions. Request the policy wording or onchain cover terms, the named counterparties, claim requirements, exclusions, limits and dispute process. For onchain arrangements, ask how funds and claims are administered and whether any smart contracts have been independently audited.

Native’s case studies show work with institutional customers, but examples are not a substitute for checking the terms of your own cover. Have your legal and security teams review the documents before you rely on a policy to protect treasury assets or operations.

Native presents itself as a broker-led service: it invites businesses to speak with an expert rather than offering a clear self-serve checkout. You’ll need to explain what your business does, what assets or operations need protection, and which incidents you want covered. Native may then explore conventional insurance, onchain capacity or a blended structure.

The site lists a broad range of sectors, including custodians, exchanges, DeFi, mining, financial institutions, AI, DePIN and tokenization. That breadth does not confirm that a policy is available in your location or suitable for your particular activity. Ask about eligibility, information required for underwriting, how long the proposal will take, and what happens if your business changes after cover begins.

Native does not publish a standard quote timeline or a consumer sign-up path. If you need coverage quickly, confirm the expected decision and effective dates before assuming you are insured. Do not treat a conversation, proposal or payment as proof of cover; rely on the executed policy or contract and confirm when protection starts.

Native is aimed at organizations with complex risks, not individuals looking to insure a personal wallet. It may suit businesses that cannot find an appropriate conventional policy, need specialist broking, or want to explore onchain coverage. Its combination of regulated and onchain options could give a business more than one route to discuss, but the terms and availability will be specific to each application.

There are important gaps to resolve before choosing it. Public prices are unavailable, the main site does not set out a step-by-step buying process, and details about Native’s own regulatory status and onchain audits are not published there. Nor does a broad list of risks mean that a policy automatically covers a hack, lost keys or protocol exploit. The exclusions and claims conditions decide that.

If you need an instant, standardized policy or transparent comparison pricing, look elsewhere. If you are considering Native, compare its proposal with other brokers or providers and have counsel review the final wording. Confirm who bears the risk, how claims are handled, and what evidence you must provide after an incident.