Hong Kong-based digital insurer OneDegree is making waves in the Middle East, securing 20 contracts since launching there last year. Co-founder Alvin Kwock Yin-lun revealed the company—now nine years old—is eyeing even more expansion in the region. Notably, they’ve already insured the digital assets of over half the firms licensed by Dubai’s Virtual Assets Regulatory Authority, covering big players like crypto exchanges and trading platforms.

Editor’s Note: OneDegree’s push into the Middle East signals how fast the digital insurance space is growing, especially around crypto and virtual assets. For a relatively young company to lock down deals with major regulated players in Dubai shows both demand for niche insurance products and the region’s openness to fintech innovation. It’s also a reminder that Hong Kong’s startups are playing on a global stage—even as local markets tighten.