Research

Best Custody Insurance Providers (2025)

Compare the top crypto custody insurance providers, coverage types, and capacity—then pick the right partner for your stack.
Sam Monac
7 min
MIN

Why Custody Insurance Matters in September 2025

Institutions now hold billions in digital assets, and regulators expect professional risk transfer—not promises. Custody insurance providers bridge the gap by transferring losses from theft, key compromise, insider fraud, and other operational failures to regulated carriers and markets. In one line: custody insurance is a specialized policy that helps institutions recover financial losses tied to digital assets held in custody (cold, warm, or hot) when defined events occur. As spot ETF flows and bank re-entries accelerate, boards want auditable coverage, clear exclusions, and credible capacity. This guide highlights who actually writes, brokers, and structures meaningful digital-asset custody insurance in 2025, and how to pick among them. Secondary considerations include capacity, claims handling, supported custody models, and regional eligibility across Global, US, EU, and APAC.

How We Picked (Methodology & Scoring)

  • Scale/Liquidity (30%) — demonstrated capacity, panel depth (carriers/reinsurers/markets), and limits available for custody crime/specie.

  • Security & Underwriting Rigor (25%) — due diligence on key management, operational controls, audits, and loss prevention expectations.

  • Coverage Breadth (15%) — hot/warm/cold support, staking/slashing riders, social-engineering, wallet recovery, smart-contract add-ons.

  • Costs (15%) — indicative premiums/deductibles vs. limits; structure efficiency (excess, towers, programs).

  • UX (10%) — clarity of wordings, onboarding guidance, claims transparency.

  • Support (5%) — global service footprint, specialist teams (DART/crypto units), and education resources.

We prioritized official product/security pages, disclosures, and market directories; third-party datasets were used only for cross-checks. Last updated September 2025.

Top 10 Custody Insurance Providers in September 2025

1. Evertas — Best for Dedicated Crypto Crime & Custody Cover

Why Use It: Evertas is a specialty insurer focused on crypto, offering A-rated crime/specie programs tailored to cold, warm, and hot storage with practitioner-level key-management scrutiny. Their policies target the operational realities of custodians and platforms, not just generic cyber forms. evertas.com+1
Best For: Qualified custodians, exchanges, trustees, prime brokers.
Notable Features:

  • Crime/specie coverage across storage tiers. evertas.com

  • Crypto-native underwriting of private-key processes. evertas.com

  • Lloyd’s-backed capacity with global reach. evertas.com
    Consider If: You need a crypto-first insurer vs. a generalist broker.
    Alternatives: Marsh, Canopius.

Regions: Global.

2. Coincover — Best for Warranty-Backed Protection & Wallet Recovery

Why Use It: Coincover provides proactive fraud screening, disaster recovery for wallets, and warranty-backed protection that can sit alongside traditional insurance programs—useful for fintechs and custodians embedding safety into UX. Lloyd’s syndicates partnered with Coincover to launch wallet coverage initiatives. coincover.com+2coincover.com+2
Best For: B2B platforms, fintechs, MPC vendors, exchanges seeking embedded protection.
Notable Features:

  • Real-time outbound transaction screening. coincover.com

  • Wallet recovery and disaster-recovery tooling. coincover.com

  • Warranty-backed protection that “makes it right” on covered failures. coincover.com
    Consider If: You want prevention + recovery layered with traditional insurance.
    Alternatives: Evertas, Marsh.

Regions: Global.

3. Marsh (DART) — Best Global Broker for Building Towers

Why Use It: Marsh’s Digital Asset Risk Transfer team is a top broker for structuring capacity across crime/specie/D&O and connecting clients to specialist markets. They also advertise dedicated solutions for theft of digital assets held by institutions. Marsh+1
Best For: Large exchanges, custodians, ETF service providers, banks.
Notable Features:

  • Specialist DART team and market access. Marsh

  • Program design across multiple lines (crime/specie/E&O). Marsh

  • Solutions aimed at institutional theft protection. Marsh
    Consider If: You need a broker to source multi-carrier, multi-region capacity.
    Alternatives: Aon, Lloyd’s Market.

Regions: Global.

4. Aon — Best for Custody Assessments + Crime/Specie Placement

Why Use It: Aon’s digital-asset practice brokers crime/specie, D&O, E&O, and cyber, and offers custody assessments and loss-scenario modeling—useful for underwriting readiness and board sign-off. Aon+1
Best For: Banks entering custody, prime brokers, tokenization platforms.
Notable Features:

  • Crime & specie for theft of digital assets. Aon

  • Custody assessments and PML modeling. Aon

  • Cyber/E&O overlays for staking and smart-contract exposure. Aon
    Consider If: You want pre-underwriting hardening plus market reach.
    Alternatives: Marsh, Evertas.

Regions: Global.

5. Munich Re — Best for Reinsurance-Backed Crime & Staking Risk

Why Use It: As a top global reinsurer, Munich Re provides digital-asset crime policies designed for professional custodians and platforms, with coverage spanning external hacks, employee fraud, and certain third-party breaches—often supporting primary carriers. Munich Re
Best For: Carriers building programs; large platforms needing robust backing.
Notable Features:

  • Comprehensive crime policy for custodians and trading venues. Munich Re

  • Options for staking and smart-contract risks. Munich Re

  • Capacity and technical guidance at program level. Munich Re
    Consider If: You’re assembling a tower requiring reinsurance strength.
    Alternatives: Lloyd’s Market, Canopius.

Regions: Global.

6. Lloyd’s Market — Best Marketplace to Source Specialist Syndicates

Why Use It: Lloyd’s is a global specialty market where syndicates (e.g., Atrium) have launched crypto wallet/custody solutions, often in partnership with firms like Coincover. Access via brokers to build bespoke custody crime/specie programs with flexible limits. Lloyds+1
Best For: Firms needing bespoke wording and multi-syndicate capacity.
Notable Features:

  • Marketplace access to expert underwriters. Lloyds

  • Wallet/custody solutions pioneered by syndicates. Lloyds

  • Adjustable limits and layered structures. Lloyds
    Consider If: You use a broker (Marsh/Aon) to navigate syndicates.
    Alternatives: Munich Re (reinsurance), Canopius.

Regions: Global.

7. Canopius — Best Carrier for Cross-Class Custody (Crime/Specie/Extortion)

Why Use It: Canopius underwrites digital-asset custody coverage and has launched cross-class products (crime/specie/extortion). They’re also active in APAC via Lloyd’s Asia and have public case studies on large Asian capacity deployments. Canopius+3Canopius+3Canopius+3
Best For: APAC custodians, global platforms seeking single-carrier leadership.
Notable Features:

  • Digital-asset custody product on Lloyd’s Asia. Canopius

  • Cross-class protection with extortion elements. Canopius

  • Demonstrated large committed capacity in Hong Kong. Canopius
    Consider If: You want a lead carrier with APAC presence.
    Alternatives: Lloyd’s Market, Evertas.

Regions: Global/APAC.

8. Relm Insurance — Best Specialty Carrier for Digital-Asset Businesses

Why Use It: Bermuda-based Relm focuses on emerging industries including digital assets, offering tailored specialty programs and partnering with web3 security firms. Useful for innovative custody models needing bespoke underwriting. Relm Insurance+2Relm Insurance+2
Best For: Web3 platforms, custodians with non-standard architectures.
Notable Features:

  • Digital-asset specific coverage and insights. Relm Insurance

  • Partnerships with cyber threat-intel providers. Relm Insurance

  • Bermuda specialty flexibility for novel risks. Relm Insurance
    Consider If: You need bespoke terms for unique custody stacks.
    Alternatives: Evertas, Canopius.

Regions: Global (Bermuda-domiciled).

9. Breach Insurance — Best for Exchange/Platform Embedded Coverage

Why Use It: Breach builds regulated crypto insurance products like Crypto Shield for platforms and investors, and offers institutional “Crypto Shield Pro” and platform-embedded options—useful for exchanges and custodians seeking retail-facing coverage. breachinsured.com+3breachinsured.com+3breachinsured.com+3
Best For: Exchanges, retail platforms, SMB crypto companies.
Notable Features:

  • Regulated products targeting custody at qualified venues. breachinsured.com

  • Institutional policy options (Pro). breachinsured.com

  • Wallet risk assessments to prep for underwriting. breachinsured.com
    Consider If: You want customer-facing protection aligned to your stack.
    Alternatives: Coincover, Aon.

Regions: US/Global.

10. Chainproof — Best Add-On for Smart-Contract/Slashing Risks

Why Use It: While not a custody crime policy, Chainproof (incubated by Quantstamp; reinsured backing) offers regulated insurance for smart contracts and slashing—valuable as an adjunct when custodians support staking or programmatic flows tied to custody. Chainproof+2Chainproof+2
Best For: Custodians/exchanges with staking, DeFi integrations, or on-chain workflows.
Notable Features:

  • Regulated smart-contract and slashing insurance. Chainproof+1

  • Backing and provenance via Quantstamp ecosystem. quantstamp.com

  • Bermuda regulatory progress noted in 2024-25. bma.bm
    Consider If: You need to cover the on-chain leg alongside custody.
    Alternatives: Munich Re (staking), Marsh.

Regions: Global.

Decision Guide: Best By Use Case

How to Choose the Right Custody Insurance (Checklist)

  • Confirm eligible regions/regulators (US/EU/APAC) and your entity domicile.

  • Map storage tiers (cold/warm/hot/MPC) to coverage and sub-limits.

  • Validate wordings/exclusions (internal theft, collusion, social engineering, vendor breaches).

  • Align limits/deductibles with AUM, TVL, and worst-case loss scenarios.

  • Ask for claims playbooks and incident response timelines.

  • Review audits & controls (SOC 2, key ceremonies, disaster recovery).

  • Query reinsurance backing and panel stability.

  • Red flags: vague wordings; “cyber-only” policies for custody crime; no clarity on key compromise.

Use Token Metrics With Any Custody Insurance Provider

AI Ratings to vet venues and counterparties you work with.

Narrative Detection to identify risk-on/off regimes impacting exposure.

Portfolio Optimization to size custody-related strategies.

Alerts/Signals to monitor market stress that could correlate with loss events.
Workflow: Research → Select provider via broker → Bind coverage → Operate and monitor with Token Metrics alerts.

 Primary CTA: Start free trial

Security & Compliance Tips

  • Enforce MPC/hardware-isolated keys and dual-control operations.

  • Use 2FA, withdrawal whitelists, and policy controls across org accounts.

  • Keep KYC/AML and sanctions screening current for counterparties.

  • Practice RFQ segregation and least-privilege for ops staff.

  • Run tabletop exercises for incident/claims readiness.

This article is for research/education, not financial advice.

Beginner Mistakes to Avoid

  • Assuming cyber insurance = custody crime coverage.

  • Buying limits that don’t match hot-wallet exposure.

  • Skipping vendor-risk riders for sub-custodians and wallet providers.

  • Not documenting key ceremonies and access policies.

  • Waiting until after an incident to engage a broker/insurer.

FAQs

What does crypto custody insurance cover?
Typically theft, key compromise, insider fraud, and sometimes extortion or vendor breaches under defined conditions. Coverage varies widely by wording; verify hot/warm/cold definitions and exclusions. Munich Re

Do I need both crime and specie?
Crime commonly addresses employee dishonesty and external theft; specie focuses on physical loss/damage to assets in secure storage. Many carriers blend elements for digital assets—ask how your program handles each. Canopius

Can staking be insured?
Yes—some reinsurers/insurers offer staking/slashing riders or separate policies; smart-contract risk often requires additional cover like Chainproof. Munich Re+1

How much capacity is available?
Depends on controls and market appetite. Lloyd’s syndicates and reinsurers like Munich Re can support sizable towers when risk controls are strong. Lloyds+1

How do I reduce premiums?
Improve key-management controls, segregate duties, minimize hot exposure, complete independent audits, and adopt continuous monitoring/fraud screening (e.g., Coincover-style prevention). coincover.com

Are exchanges’ “insured” claims enough?
Not always—check if coverage is platform-wide, per-customer, warranty-backed, or contingent. Ask for wordings, limits, and who the named insureds are. The Digital Asset Infrastructure Company

Conclusion + Related Reads

If you need a crypto-first insurer, start with Evertas. Building a global tower? Engage Marsh or Aon across the Lloyd’s Market and reinsurers like Munich Re. For APAC-localized capacity, consider Canopius; for embedded protection, weigh Coincover or Breach. Add Chainproof if staking/DeFi exposure touches custody workflows.

Related Reads:

  • Best Cryptocurrency Exchanges 2025

  • Top Derivatives Platforms 2025

  • Top Institutional Custody Providers 2025

Sources & Update Notes

We reviewed official product/security pages, market announcements, and carrier/broker practice pages. We avoided third-party blogs for claims and linked only to official sites for verification. Updated September 2025; we’ll re-screen capacity and regional eligibility quarterly.

  • Evertas — Insurance pages; “What is Crypto Insurance?”. evertas.com+1

  • Coincover — Product pages; Lloyd’s press release on wallet policy. coincover.com+1

  • Marsh — DART practice; digital-asset theft solution. Marsh+1

  • Aon — Digital-asset practice and custody assessments. Aon+1

  • Munich Re — Digital Asset Comprehensive Crime/Staking/Smart-contract. Munich Re

  • Lloyd’s — Market directory; wallet insurance announcement. Lloyds+1

  • Canopius — Crypto custody product; Lloyd’s Asia launch; APAC capacity news. Canopius+2Canopius+2

  • Relm Insurance — Digital-asset specialty pages and insights. Relm Insurance+1

  • Breach Insurance — Product pages (Crypto Shield, Pro, assessments). breachinsured.com+2breachinsured.com+2

  • Chainproof — Regulated smart-contract/slashing insurance; Quantstamp provenance; Bermuda regulator notes. Chainproof+2quantstamp.com+2

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Recent Posts

Research

Crypto Indices - See What You Own: Holdings Treemap, Table, and Transactions Log (2025)

Token Metrics Team
5
MIN

If you’ve ever bought a “basket” of coins and then wondered what you actually hold, you’re not alone. The Token Metrics Global 100 solves that by pairing a rules-based strategy with radical visibility: an interactive holdings treemap, sortable table, and a real-time transactions log—so you can see what you own at all times. This transparency sits on top of a simple idea: a top-100 crypto index when markets are bullish and stablecoins when they’re not, with weekly rebalancing and one-click buy at launch. The result is clarity for hands-off allocators and discipline for active traders—without spreadsheets or manual rebalances.

→ Join the waitlist to be first to trade TM Global 100.

Why Transparency Matters in October 2025

Today’s crypto investor expects more than a chart and a headline weight. You want to audit your index: which coins, what size, and what changed after each rebalance. That’s exactly why we ship three visibility layers on day one: Gauge → Treemap → Transactions Log—plus a classic holdings table for power users.

In practical terms, a holdings treemap shows proportional weights at a glance, a table lets you sort and export details, and a transactions log chronicles every add/trim/exit during rebalances and regime switches. Together, they answer the search intent behind “crypto index holdings” and “weekly rebalancing” with an immediately scannable source of truth.

How the TM Global 100 Index Works (Plain English)

  • Regime switching: When our market signal is bullish, the index holds the top 100 assets by market cap. When bearish, it exits to stablecoins and waits for a re-entry signal.
  • Weekly rebalancing: We adjust constituents and weights weekly to reflect updated rankings—so the index stays aligned with the market.
  • Transparency: You’ll see a Strategy modal (rules at a glance), a market signal gauge, an interactive Holdings treemap & table, and a Transactions log that records rebalances and regime shifts.

What you’ll see on launch: A price tile, “tokens: 100,” “rebalances weekly,” and a Buy Index flow that can complete in about 90 seconds, end-to-end.

See the strategy and rules. (TM Global 100 strategy)

Benefits at a Glance (Why This Beats DIY)

  • Time saved: Skip ranking lists, manual screeners, and cross-exchange rebalances.
  • Lower execution drag: A single indexed flow helps reduce the slippage and fees you’d pay hopping between many tokens.
  • No missed cycles: Weekly rebalances help capture changes in the top-100 while the regime switch avoids guesswork when markets turn.
  • Full visibility: Treemap + table + transactions let you see exactly what changed and why—no black boxes.
  • Rules over vibes: A consistent methodology can reduce emotional decisions during drawdowns and market euphoria.

Step-by-Step: How to Get Early Access (Waitlist)

  1. Open the Indices hub and select TM Global 100. (Token Metrics Indices hub)
  2. Join the waitlist with your email to get launch-day access and updates.
  3. (Optional) Connect your wallet so you’re ready to buy at launch.
  4. On launch: Open TM Global 100, review the Gauge → Treemap → Transactions, and tap Buy Index.
  5. Confirm the buy: You’ll see estimates for fees/slippage and the current token mix.
  6. Track your position: Your holdings and every rebalance appear in My Indices and the Transactions Log.

→ Join the waitlist to be first to trade TM Global 100.

Decision Guide: Is This Right for You?

  • Hands-Off Allocator: Want “own the market” exposure and automatic upkeep. Consider if you dislike micromanaging.
  • Active Trader: Want a disciplined core that moves to stablecoins in bears while you take satellite bets elsewhere.
  • TM Member/Prospect: Already trust Token Metrics research and want rules-based execution with full visibility.
  • Starter Portfolio Builder: Prefer a single decision over 20+ token buys and periodic DIY reweights.
  • Transparency Seeker: You won’t tolerate black-box products; you want a real transactions log and holdings you can audit.
  • Tax-Aware Rebalancer: You’d rather not run frequent piecemeal trades yourself.
  • Mobile-First User: Want a fast, on-page buy flow instead of tab-hopping across venues.
  • Analytics Fan: Enjoy comparing weights and changes in the treemap after each weekly rebalance.

FAQs

What is a crypto index with a holdings treemap?

It’s a rules-based basket of cryptocurrencies where you can visually inspect weights via an interactive treemap, alongside a sortable table and a transactions log that records every rebalance and regime switch.

It’s a rules-based basket of cryptocurrencies where you can visually inspect weights via an interactive treemap, alongside a sortable table and a transactions log that records every rebalance and regime switch.

Weekly. Rebalances update constituents/weights to reflect current top-100 rankings; separate regime switches can also move the portfolio between tokens and stablecoins when the market signal changes.

What triggers the move to stablecoins?

A proprietary market signal. When bearish, the index exits tokens to stablecoins; when bullish resumes, it re-enters the top-100 basket.

Can I fund with USDC or fiat?

At launch, funding/settlement options surface based on your connected wallet and supported chains. USDC payout is supported on selling; fiat on-ramps may be added later.

Is the wallet custodial?

No. The embedded wallet is self-custodial—you control your funds.

How are fees shown?

Before you confirm, the buy flow surfaces estimated gas, platform fee, max slippage, and min expected value.

How do I join the waitlist?

Open the Indices hub, navigate to TM Global 100, and add your email. You’ll be notified on launch with a direct link to buy.

Security, Risk & Transparency

  • Self-custody: Embedded smart wallet with user control.
  • Operational clarity: Weekly rebalances; regime logic documented in the Strategy modal.
  • Fee & slippage preview: All surfaced before you confirm a trade.
  • Data integrity: Holdings treemap + table and transactions log reflect each executed change.

Regional notes: Availability and on-ramps can vary by jurisdiction. Crypto is volatile and can lose value. Past performance is not indicative of future results. This article is for research/education, not financial advice.

Conclusion

Token Metrics Global 100 is built for investors who want broad market exposure and the receipts to prove what they hold—treemap, table, and transactions on every rebalance. If you value rules, discipline, and transparency, join the waitlist and be ready on launch day.

Research

Crypto Index vs DIY Basket: Time, Slippage, and Missed Rebalances (2025)

Token Metrics Team
5
MIN

Building your own crypto basket sounds simple—until you’re juggling 10–50 tickers, spreadsheets, rebalance rules, spreads across chains, and the constant fear of missing regime turns. A crypto index removes that manual grind: TM Global 100 holds the top 100 assets when the market is bullish and moves fully to stablecoins when it’s not, with weekly rebalancing and full transparency of holdings and transactions. One click to buy, zero maintenance to keep up.

Join the waitlist to be first to trade TM Global 100.

Why Indices Matters in October 2025

In 2025, time and execution quality are alpha. Manually maintaining a DIY basket multiplies complexity: fragmented liquidity, multiple wallets, chain fees, and coordination across exchanges—all while markets move. A rules-based index compresses that overhead into a single, auditable product with pre-declared logic and scheduled upkeep.

Definition (snippet-ready): A crypto index is a rules-based basket of digital assets that rebalances on a set schedule and/or when market conditions change, so you don’t have to micromanage individual coins.

Traders searching “DIY crypto basket,” “regime switching,” or “weekly rebalancing” usually want one thing: broad exposure without the constant maintenance and the regret of missed rebalances. That’s the exact problem Token Metrics Global 100 addresses with weekly updates and regime switching to stablecoins when signals turn bearish.

How the TM Global 100 Index Works (Plain English)

  • Regime switching: When signals are bullish, the index holds the top 100 by market cap; when bearish, it exits fully to stablecoins to wait for re-entry.
  • Weekly rebalancing: Aligns weights and constituents with updated rankings; regime changes can also trigger full portfolio shifts.
  • Transparency: Strategy modal explains selection & rebalancing rules; Holdings show a treemap/table; Index Transactions log all changes.

What you’ll see on launch: Price tile, signal gauge, tokens=100, “rebalances weekly,” contract address, and a Buy Index button with a ~90-second live demo flow showcased in launch content.

See the strategy and rules. (TM Global 100 strategy)

Benefits at a Glance (Why This Beats DIY)

  • Time saved: Replace multi-exchange shopping, wallet hops, and manual allocations with one click.
  • Fewer missed rebalances: Weekly cadence + visible transactions log reduce the cost of “I’ll do it tomorrow.”
  • Slippage discipline: Centralized execution with declared slippage/fee previews helps contain surprises vs piecemeal orders.
  • Regime switching: Codified “risk-off” behavior into stablecoins during bears, so you don’t have to white-knuckle exits. (No performance promises.)
  • Transparency: Strategy modal → Holdings treemap/table → Transactions log—see exactly what you hold and when it changed.

Proof cues (What you’ll see): Gauge (market signal) → Treemap (allocations) → Transactions Log → ~90-second Buy flow.

Step-by-Step: How to Get Early Access (Waitlist)

  1. Open the Token Metrics Indices hub and select TM Global 100.
  2. Add your email to the waitlist so you’re first in line at launch.
  3. (Optional) Connect your wallet—our embedded, self-custodial smart wallet supports major chains.
  4. On launch day, you’ll see the price tile, signal gauge, and “Buy Index.”
  5. Review the strategy, expected fees/slippage, and holdings; confirm to purchase.
  6. Track your position in My Indices; rebalances and any regime switches will appear in the transactions log.
Join the waitlist to be first to trade TM Global 100.

Decision Guide: Is This Right for You?

  • Hands-Off Allocator: Want broad exposure without micromanaging? Consider a rules-based core that updates weekly.
  • Active Trader: Keep your bets, but use an index core that may step to stablecoins during bears.
  • TM Member/Prospect: Prefer transparent holdings, logs, and a simple buy/sell flow.
  • Time-Strapped Professional: Reduce ops work (wallets, slippage math, spreadsheets) to nearly zero.
  • New to Crypto: Learn with training wheels—strategy modal, tooltips, and clear risk language.
  • DIY Purist: If you enjoy tinkering with weights daily, DIY could still fit—just know weekly index upkeep is handled for you.

FAQs

What is a crypto index?

A rules-based basket of assets with scheduled rebalancing and, in TM Global 100’s case, a regime switch between top-100 exposure and stablecoins.

How often does the index rebalance?

Weekly, with additional full-portfolio switches when the market regime changes.

What triggers the move to stablecoins?

A proprietary market signal. When bearish, the index exits tokens into stablecoins and waits for a bullish re-entry.

Can I fund with USDC or fiat?

Funding options surface based on your connected wallet and supported chains; USDC payouts are supported on selling. (Stablecoin entry may come later.)

Is the wallet custodial?

No. The embedded wallet is self-custodial; you control funds.

How are fees shown?

The Buy flow shows estimated gas, platform fee, max slippage, and minimum expected value before you confirm.

How do I join the waitlist?

Visit the Indices hub → TM Global 100 → enter your email to get notified and first access at launch.

Security, Risk & Transparency

  • Self-custody: You transact via an embedded, self-custodial smart wallet.
  • Visibility: Strategy modal, Holdings treemap/table, and Transactions log make changes auditable.
  • Fee & slippage preview: See estimated gas, platform fee, max slippage, and minimum expected value before confirming.
  • Regime logic limits: Signals can be wrong; markets can gap; weekly rebalances can’t eliminate risk.
  • Region/chain notes: Supported chains surface in-product; availability and options may vary.

Crypto is volatile and can lose value. Past performance is not indicative of future results. This article is for research/education, not financial advice.

Conclusion

If you’ve ever missed a rebalance or watched slippage eat into returns, Token Metrics Global 100 can help standardize the work: rules-based logic, weekly updates, and a visible log of everything that changed. Join the waitlist to be first to trade, and make a disciplined index your core.

Join the waitlist to be first to trade TM Global 100.
Research

Regime Switching in Crypto: Participate in Upside, Sit Out Drawdowns (2025)

Token Metrics Team
5
MIN

Timing crypto cycles is inherently challenging. Volatility in the crypto markets can lead to sharp swings—either capturing gains during bull runs or avoiding deep drawdowns during unfavorable trends. A regime switching crypto index offers a systematic way to adapt to changing market conditions, using rules-based allocations that switch between risk-on assets and stablecoins accordingly. Token Metrics offers tools to help analyze these strategies with transparency and real-time insights.

Why Indices Matter in October 2025

Crypto markets tend to operate in distinct regimes—periods of momentum followed by corrections that can reverse gains quickly. Investors and analysts seeking to implement regime switching or weekly rebalancing frameworks value simplicity and clarity. These approaches help in maintaining discipline, managing risks, and capturing market trends effectively.

Definition of Regime Switching in Crypto

Regime switching in crypto refers to a rules-based investment method that adjusts portfolio exposure based on prevailing market conditions. Typically, this involves rotating into a diversified basket of tokens in bullish phases and shifting into stablecoins during bearish trends, thus managing risk while seeking to ride upward trends.

Why Now: The Rationale for Regime Switching

  • Cycle Asymmetry: Capturing upward trends while limiting downside drawdowns can influence long-term outcomes positively.
  • Operational Efficiency: Automated, rules-based rebalancing reduces errors and slippage tied to manual adjustments across multiple tokens or exchanges.
  • Transparency: Real-time insight into holdings, rebalancing rationale, and transaction history fosters trust and clarity.

How the TM Global 100 Index Works (Plain English)

This index employs regime switching principles: during bullish periods, it holds the top 100 crypto assets by market cap; during bearish times, it exits into stablecoins and waits for buy signals. The index performs weekly rebalancing based on updated rankings, liquidity, and supply metrics. Transparency is maintained through clear strategy rules, gauges, Treemap views, and detailed transaction logs.

Benefits at a Glance (Why This Beats DIY)

  • Rules, not vibes: Automated logic minimizes emotional decision-making.
  • Fewer operational mistakes: Single, streamlined flows replace manual multi-step trades.
  • Discipline in switching: Full rotation into stablecoins at bearish signals reduces hesitation and second-guessing.
  • Cost visibility: Estimated gas, platform fees, and expected minimum value are shown upfront.
  • Full transparency: Holdings treemaps and transaction histories keep you informed.
  • Consistent cadence: Weekly updates ensure alignment with market trends.

Step-by-Step: How to Get Early Access (Waitlist)

  1. Visit the Token Metrics Indices hub.
  2. Find the TM Global 100 index card and tap “Join Waitlist”.
  3. Add your email to receive launch notifications.
  4. Optionally, connect your wallet in advance to streamline onboarding on launch day.
  5. On launch day, you will receive an email when the index opens for trading. The interface features gauges, strategy details, and holdings for instant review.
  6. Complete the purchase of the index in about 90 seconds by confirming your wallet, reviewing potential fees, and confirming the buy.
  7. Track your position within “My Indices” once active.

Join the waitlist to be first to trade TM Global 100.

Decision Guide: Is This Right for You?

  • Hands-Off Allocator: Ideal for those seeking broad market exposure with minimal management.
  • Active Trader: Useful as a core strategy with rules-based rebalancing, supporting satellite bets.
  • Token Metrics Member/Prospect: For users who value transparent, research-backed rules over discretionary choices.
  • Crypto Newcomer: Simplifies entry with one-button buy, weekly updates, and clear rules.
  • Time-Constrained Pro: Reduces operational overhead while maintaining clarity and predictability.
  • Skeptical of Forecasts: Prefers systematic processes over relying on predictions or forecasts.

FAQs

What is a regime switching crypto index?

A rules-based portfolio that allocates to a diversified token basket during bullish phases and switches to stablecoins during bearish conditions, based on predefined signals. Token Metrics implements this with a top-100 universe and full stablecoin rotation in downturns.

How often does the index rebalance?

It rebalances weekly to reflect changes in rankings and liquidity. Significant regime changes can occur outside the schedule when market signals trigger a switch.

What triggers the move to stablecoins?

A proprietary market signal prompts the index to exit token positions and move into stablecoins during bearish phases, waiting for a bullish signal to re-enter.

Can I fund with USDC or fiat?

Funding occurs via an embedded, self-custodial wallet supporting major chains. USDC payouts are supported when selling. Funding options depend on your wallet and region.

Is the wallet custodial?

No. It is self-custodial, giving you control of keys and funds.

How are fees shown?

Before confirming a trade, estimated gas, platform fee, slippage, and expected minimum value are displayed.

How do I join the waitlist?

Visit the Token Metrics Indices hub, open TM Global 100, and tap “Join Waitlist”. You will be notified at launch.

Security, Risk & Transparency

  • Self-custody is prioritized: You control your keys and funds.
  • Transparency is built into the process: Fees, holdings, and transaction logs are visible before and after trades.
  • Market signals are based on rules; sudden gaps and spreads can impact outcomes.
  • Supported regions and asset options may vary due to geography.

Crypto markets are volatile and can fluctuate rapidly. Past performance does not predict future results. This article aims to educate and inform, not provide financial advice.

Conclusion

For a disciplined, transparent approach to broad crypto exposure that adapts to market regimes, the TM Global 100 index offers a rules-based platform with weekly rebalancing and full visibility. It enables investors to focus on allocation without the stress of micromanagement.

Join the waitlist to be first to trade TM Global 100.

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