Can DeFi and Insurance Coexist? Inside Nexus Mutual’s On-Chain Protection Model

In this episode of Compliance Champions, Delphine Forma sits down with Ania Wiktoria Szpak, Chief Legal Officer at Nexus Mutual, to unpack how a decentralized discretionary mutual is rewriting the rules of crypto insurance.

Nexus Mutual isn’t your average provider, it’s a community-governed DAO built on Ethereum, covering risks that traditional insurers won’t touch: protocol hacks, oracle failures, validator slashing, and more. Ania breaks down what makes Nexus Mutual different, how claims are assessed on-chain, and what it takes to build trust in a highly transparent ecosystem.

Topics include:

• Why traditional insurance struggles to serve crypto-native firms
  
  
• How Nexus Mutual’s legal wrapper works under UK discretionary mutual law
  
  
• KYC, sanctions compliance, and wallet screening in a DAO setting
  
  
• The $20M+ in claims paid out including on FTX and Euler hacks
  
  
• Travel Rule exposure, MiCA implications, and jurisdictional complexity
  
  
• Nexus’ role in filling the DeFi insurance gap

Plus, a sneak peek at a new coverage category Nexus is exploring, and Ania’s sustainability-forward fashion take on secondhand wardrobes.