CNA Insurance excludes NFTs from coverage of $20M trust policy
CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s policy worth $20 million.
In a filing submitted to the US Securities and Exchange Commission (SEC), the insurer attached an exclusion to the document, mentioning that the bond does not cover any “loss, damage, claim, occurrence, or suit related to NFTs. The filing defined NFTs as:
“Any unique digital identifier connected to any digital…