# Meanwhile

Meanwhile is an Insurance based in San Francisco, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** 44 Montgomery Street, Suite 1480, San Francisco, CA 94104, United States
- **Assets under management:** Undisclosed
- **Website:** meanwhile.bm
- **LinkedIn:** https://www.linkedin.com/company/meanwhileinc

## Regulatory record

- **Reports private funds:** No

## About

Meanwhile is a Russian startup founded to provide a mobile interface for local information. The app displays information on local events, including flashmobs, street festivals, and political meetings. It also reports on new business openings and sales in the neighborhood.

## Sectors

- FinTech
- Insurance

## Offices

- Hamilton, Bermuda

## People

- Zac Townsend — CEO
- Jason — Chief Business Officer

## Questions

### How does Meanwhile denominate a life insurance policy in Bitcoin?

Policy premiums, the accumulated value, and the death benefit are all denominated and settled in bitcoin rather than dollars. Meanwhile invests the premium pool for bitcoin-denominated returns inside its Bermuda-regulated insurance entity, so the payout to beneficiaries is a fixed amount of bitcoin specified in the contract, regardless of when the claim occurs.

### Why is Meanwhile domiciled in Bermuda instead of the United States?

U.S. insurance regulation at the state level generally requires policies to be denominated in U.S. dollars and limits crypto exposure within general account assets. Bermuda’s Monetary Authority provides a regulatory framework that permits bitcoin as the unit of account for life policies, giving Meanwhile the legal architecture to issue a bitcoin-native product.

### Can policyholders borrow bitcoin against their policy, and how does that work?

Yes. After two years, a policyholder can borrow bitcoin against the policy’s value. The loaned bitcoin receives a stepped-up cost basis equal to its fair market value at the time of the loan, which means the borrower can sell the newly acquired bitcoin immediately with little or no taxable gain—a mechanism designed to extract liquidity without triggering capital gains on older holdings.

### What happens to the death benefit if Bitcoin’s price changes dramatically?

The policy specifies a fixed number of bitcoin as the death benefit, not a dollar-equivalent amount. If the policy remains in force, the beneficiary receives that exact number of bitcoin regardless of the bitcoin price at the time of the claim, insulating the legacy plan from short-term volatility.

## Related profiles

- [Flywire](https://altss.com/profile/flywire)
- [Remitly](https://altss.com/profile/remitly)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/meanwhile

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology