LONDON, UK – 15/06/2025 – (SeaPRwire) – In a move that underscores its ambitious international roadmap and technological vision, the Blockchain Deposit Insurance Corporation (BDIC) has appointed veteran enterprise software architect Oliver Pluckrose as its new Chief Technology Officer. With this appointment, BDIC is signaling its readiness to accelerate the development of its decentralized insurance platform for digital wallets and cryptocurrency exchanges—an emerging segment in the financial services industry that is attracting increasing attention amid rising digital asset theft and calls for regulatory clarity.
As the first firm to offer decentralized cryptocurrency deposit insurance, BDIC is attempting to establish a critical safeguard for both institutional and retail crypto users. By bringing on Pluckrose, the company is banking on both his deep technical proficiency and his ability to architect scalable software systems that align closely with strategic business objectives. This leadership move comes as BDIC prepares to roll out its first token offering and full-service insurance platform later this year. The expansion is already underway in markets across PanAsia, Latin America, and Europe, with regulatory engagements and affiliate onboarding proceeding at a measured pace.
Pluckrose is best known as the founder of AVAMAE Software Solutions Ltd., a London-based technology firm renowned for its tailored software architecture solutions across fintech, healthcare, iGaming, and AgriTech. Under his stewardship, AVAMAE has grown into a 45-person strong engineering firm that has delivered over 200 projects globally. His work spans advanced automation, microservices architecture, Microsoft stack optimizations, and full-stack Azure deployments. His new role at BDIC marks a pivot into decentralized finance, leveraging those same competencies to support the unique security and scalability needs of blockchain ecosystems.
In his CTO role, Pluckrose will be charged with designing and overseeing BDIC’s distributed technical framework, which is being built to integrate seamlessly with multiple wallet providers and exchanges. BDIC’s decentralized model, underpinned by smart contracts and dual-tiered risk scoring, seeks to offer insurable protection for the value held in everyday-use crypto wallets. The current average for such “hot” wallets, according to internal research, hovers around $6,300 USD globally. BDIC’s insurance model has thus been structured to offer two tiers of coverage—standard protection for balances up to $10,000, and preferred coverage for accounts holding between $10,000 and $20,000.
In addition to leading the technical buildout, Pluckrose will be working closely with newly appointed BDIC Advisory Board member James Owens, a noted technologist and crypto advocate. Their collaboration will be instrumental in steering the MVP (Minimum Viable Product) to launch readiness by Q4 2025. BDIC officials have confirmed that development is now in its third month, with onboarding expected to begin in late summer, supported by an expanding network of wallet and exchange affiliates.
Pluckrose’s strategic approach to software design emphasizes lean development, event-driven architectures, and long-term scalability. His work with SMEs and legacy organizations has often involved helping companies modernize outdated systems, implement effective security protocols, and align technical strategies with growth trajectories. Those same principles are now being applied at BDIC, which aims to deliver not just a functional insurance solution, but a security infrastructure that meets institutional-grade standards.
The hiring comes as BDIC intensifies its regulatory and operational efforts. Its Hong Kong office, led by co-founder and PanAsia MD Paul Kohli, is currently seeking regulatory recognition as an official insurance provider, while simultaneously working toward Lloyd’s of London coverholder status. Kohli noted that Pluckrose’s hands-on approach and clear communication style have already fostered confidence among BDIC’s affiliate partners across Asia. “He’s incredibly detail-oriented, and that’s exactly what’s needed to navigate the complex integration environment we operate in,” Kohli said.
BDIC’s global go-to-market strategy includes rolling out the platform first in Hong Kong and other PanAsian hubs in Q4 2025, followed by expansion into Latin America in Q1 2026 and Europe by Q2 2026. In parallel, the company is preparing the launch of its utility token, designed to facilitate payments, settlements, governance, and user incentives within the BDIC ecosystem.
Beyond technology, BDIC is also focusing on brand development. To that end, it recently brought on 3Point0 Labs as its agency of record. Since that partnership began, BDIC has already reported increased inbound interest from exchanges and wallet providers, with further marketing initiatives on the horizon.
Security, meanwhile, remains a cornerstone of BDIC’s mission. Recent industry data—including a report from CertiK and headline-making breaches at Coinbase and ByBit—have reinforced the need for solutions like BDIC. Over $2 billion in crypto assets have already been stolen in 2025, with phishing now overtaking code breaches as the primary attack vector. Pluckrose and his soon-to-be-named CISO counterpart will be tasked with establishing BDIC’s security architecture to resist both internal and external threats, utilizing advanced encryption and blockchain-native protocols.
CEO Jeffrey A. Glusman framed the CTO appointment as part of a broader leadership buildout, which will soon include new C-level hires across operations, security, marketing, and information governance. “This isn’t just about building another fintech platform,” Glusman said. “It’s about setting the standard for crypto protection globally. Oliver brings a rare blend of technical acumen and product foresight that’s hard to find. He understands the real-world implications of crypto adoption—and how to build secure systems to support that.”
With the decentralized finance market entering what many believe is its next growth phase, BDIC appears well-positioned to serve as a stabilizing force. While traditional insurers have remained largely on the sidelines, BDIC’s model seeks to integrate with, not challenge, the principles of self-custody and decentralization that underpin the crypto movement.
Pluckrose expressed enthusiasm about the challenge ahead: “This isn’t just a technology project; it’s a mission to legitimize and protect digital currency for everyday users around the world. BDIC has the vision, the timing, and now the team to deliver a truly transformative product.”
As the industry watches closely, BDIC’s next updates—including partner integrations, token details, and additional executive appointments—are expected in the coming weeks.
source https://newsroom.seaprwire.com/technologies/blockchain-deposit-insurance-corporation-makes-strategic-cto-hire-as-crypto-insurance-landscape-evolves-rapidly/