Oneglobal buys Hong Kong crypto insurance broker Fraction

Oneglobal has acquired Fraction, a Hong Kong-based crypto insurance broker, according to a report originally published by Dealroom. The transaction brings Fraction into Oneglobal’s business through a deal involving a specialist in insurance services for the digital-asset sector.

Insurance brokers generally act as intermediaries between clients seeking coverage and insurance providers offering policies. In the crypto industry, insurance-related services can be relevant to businesses handling digital assets, custody arrangements, operational risks and other exposures associated with the sector. Fraction is identified in the report as a broker focused on crypto insurance.

The acquisition links Oneglobal with a Hong Kong-based firm operating in a niche segment of the broader insurance market. Hong Kong is an important financial centre and has been a notable jurisdiction for financial-services and digital-asset businesses. Dealroom originally reported the transaction.