Qubit and Unified Labs explore tokenized lending insurance

Qubit Underwriting and Unified Labs have partnered to develop an insurance program for lending vaults on Morpho, a decentralized finance protocol.

The collaboration will explore coverage for specified operational, technology and other agreed risks associated with institutional lending vaults backed by tokenized real-world assets. It follows Unified Labs’ launch of GOLDX, a bank-issued tokenized gold lending market on Morpho.

Qubit will contribute its underwriting expertise, while Unified Labs will provide vault design and risk modelling capabilities. The proposed program remains under development, with coverage terms, limits and capacity providers not disclosed.

Qubit is a specialist digital asset MGA and Lloyd’s coverholder whose products include professional indemnity, directors and officers, and crime insurance. Unified Labs focuses on risk management and structuring for institutional real-world asset lending vaults.