Tabit Insurance Joins Texas Blockchain Council to Advance Digital Asset Integration in InsuranceTabit Insurance SCC, a global (re)insurance company utilizing bitcoin-backed reserves, has announced its membership in the Texas Blockchain Council (TBC), an industry association focused on blockchain innovation and policy within Texas.As a member, Tabit will collaborate with the TBC to inform investors in the region about the convergence of digital assets and insurance. This collaboration aims to demonstrate how Bitcoin (BTC) holders can generate a regulated yield through specific insurance structures.Established in 2023, Tabit specializes in institutional-grade insurance and reinsurance solutions, with its capital entirely held in bitcoin. The company recently launched a USD $40 million bitcoin-backed insurance facility and is developing real-time proof-of-reserves for both regulators and policyholders. Tabit, licensed as a Class 2 insurer by the Barbados Financial Services Commission (FSC), focuses on providing transparent, on-chain insurance capacity to corporate clients in the evolving digital financial landscape.Stephen Stonberg, co-founder and CEO of Tabit, stated, “We’re proud to join the Texas Blockchain Council and stand alongside other innovators committed to building a more resilient digital asset ecosystem. We believe that collaboration across the industry is essential to advancing the adoption of digital assets into all financial infrastructure.”The Texas Blockchain Council is an industry association dedicated to promoting blockchain innovation and advocating for related public policy initiatives. Lee Bratcher, President of the Texas Blockchain Council, commented on the new membership, saying, “Insurance is a key pillar of financial infrastructure that must evolve alongside the digital economy. Tabit’s model demonstrates how bitcoin can be responsibly integrated into insurance operations. We’re excited to welcome them to the Council.”