Insurance is one of the largest and oldest financial primitives on the planet, and it has barely been touched by Bitcoin. We are changing that today by welcoming Resolvr to the Fulgur portfolio. Founded in 2024 in Miami by W. Aaron Daniel, Resolvr is building Bitcoin-native insurance infrastructure: embedded coverage through its BDIC product, real-time premium management, and Discreet Log Contract-based dispute resolution and oracle tooling.

Today's insurance stack runs on quarterly statements, opaque reserves and adversarial claims processes that can take months to settle. Bitcoin offers a different design space. Premiums can be streamed continuously, reserves can be cryptographically verifiable, and payouts can be conditioned on oracle-attested events using DLCs, so the policy itself becomes the settlement. Resolvr is one of the first teams treating the entire policy lifecycle as a programmable Bitcoin instrument.

This investment fits our thesis that Bitcoin's second decade is about productive infrastructure, not just savings. As more economic activity, custody, lending, payments, machine commerce, lives on Bitcoin rails, those rails need a credible insurance layer. Resolvr's focus on embedded coverage means that protection can be priced and bound at the moment of risk, instead of bolted on through legacy intermediaries.

Aaron brings a rare combination of legal, insurance and Bitcoin expertise, and the early product surface, BDIC, premium tooling and DLC dispute infrastructure, points at a much larger ambition: a parallel insurance market that is global, transparent and verifiably solvent. We are proud to back Resolvr as it builds the boring-but-essential plumbing that will let Bitcoin-denominated risk markets finally exist.