A New Integrated Risk Solution for Digital Assets: Consilium Partners with Provenance

The digital assets market is growing quickly. Once viewed as a niche corner of financial services, it is now more complex than ever and increasingly sophisticated. As the sector grows, so does the need for governance, compliance and operational resilience, with an increasing demand for both regulatory compliance and specialist insurance protection.

Jul 26

Consilium’s Professional and Executive Risk Solutions team has partnered with Provenance, bringing together specialist insurance expertise and compliance infrastructure to provide digital asset businesses with a more complete risk management solution.

The partnership creates a far more connected approach for clients operating within the digital assets ecosystem, helping businesses remain compliant, insurable and operationally resilient as regulatory expectations continue to evolve globally.

Closing the Gap Between Insurance and Compliance

Many digital asset businesses still manage insurance and compliance separately, even though they are closely connected operationally. Consilium and Provenance are changing that. Through the partnership:

  • Provenance can confidently refer clients requiring specialist insurance support to Consilium

  • Consilium can refer clients requiring governance and compliance support to Provenance

Combined, both businesses offer complementary expertise tailored for digital assets and regulated financial services.

Provenance brings deep expertise across:

  • AML and compliance officer outsourcing

  • MLRO support

  • KYC onboarding

  • VASP licensing assistance

  • Fractional compliance officers

  • On-Chain Analytics, including Wallet Screening, Transaction Monitoring and Source of Funds tracing.

  • Governance and regulatory infrastructure

  • AML Audits, Gap Analysis and CCSS Audits

Already supporting more than 400 clients across 18 jurisdictions, Provenance has completed over 10,000 KYC/KYB onboardings, screened more than 7,000 wallets and built a team of more than 24 compliance specialists focused on digital assets and regulated financial services.

Leopoldt Jansen van Vuuren, Head of On-Chain Analytics at Provenance said “The digital asset industry is evolving at an unprecedented pace, creating immense opportunities, but also new and increasingly complex risks. From cyber-attacks and criminal threats to regulatory scrutiny and asset losses, organisations need more than innovation alone - they need trust. That’s where the partnership between Consilium and Provenance delivers real value. By combining industry-leading compliance expertise with specialised insurance solutions, we help organisations strengthen resilience, protect against emerging risks, and build lasting confidence among clients, investors, communities and regulators alike.”

Alongside this, Consilium provides specialist insurance solutions, including:

  • Digital Asset PI

  • Tech E&O

  • D&O

  • Cyber

  • Crime insurance

  • Risk and insurance advisory services

As an independent, employee-owned broker placing more than USD 1bn GWP annually, Consilium brings extensive experience supporting businesses operating within complex and emerging risk environments.

Dominic Pilgrim, Partner - Professional & Executive Risk Solutions at Consilium commented on the partnership, “Together, we can offer a more complete advisory experience; helping clients navigate compliance challenges with confidence while ensuring they are appropriately protected against emerging risks. The complementary strengths of both businesses enable us to provide strategic insight, practical solutions, and robust insurance coverage in a way that is seamless and highly tailored. Ultimately, this alignment enhances our ability to support clients’ long-term resilience and growth, making this partnership genuinely impactful.”

Bringing Governance, Compliance and Protection Together

Digital asset businesses need specialists who genuinely understand the operational, regulatory and commercial realities of the sector.

By bringing together specialist compliance infrastructure and specialist insurance expertise, clients gain access to a more complete layer of support, spanning governance, protection and operational resilience, delivered by two teams already deeply embedded in the digital assets ecosystem.

For both Consilium and Provenance, this collaboration reflects a shared belief: that stronger governance, better compliance frameworks and improved protection deliver the greatest value when approached as one.

Dominic Pilgrim

Partner - Professional & Executive Risk Solutions

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eng
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Nick Bachmann

Managing Partner - Professional & Executive Risk Solutions

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Languages

eng
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