Core Blockchain development company ARAX and bond issuer Longevity Capital Company (LCC) have partnered to introduce a blockchain-based solution for the life insurance settlement investment sector.
Aiming to redefine the life settlement bond market, ARAX and LCC have unveiled a collaboration that has led to the creation of a tokenized fractional life settlement bond platform, aiming to enhance transparency and democratize access to what has traditionally been an investment avenue for large institutional investors.
Life settlements are financial arrangements where the owner of a life insurance policy sells it to a specialized buyer (often a company or investor) for a lump sum payment. This provides the seller with immediate cash, while the buyer assumes responsibility for future premiums and receives the death benefit when the insured person passes away.
The two companies will form VERAT, an equally owned platform designed to revolutionize the life settlement industry. It aims to provid
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