Willis Towers Watson (WTW) has acquired Redefind, a platform designed to provide crypto and digital assets with access to insurance products, the company said Tuesday.

Financial terms of the acquisition were not disclosed.

The company said it will launch a non-custodial, cost-of-recovery insurance service for digital asset owners in the event of theft or loss, with coverage supporting costs related to forensic investigation, asset tracing, and legal recovery of stolen digital assets.

Willis Towers Watson said it will initially launch the service in the UK and expand as capabilities evolve.