Blockchain Deposit Insurance Corporation (BDIC) Appoints Oliver Pluckrose as CTO

BDIC, the first to market providing cryptocurrency deposit insurance for digital currency wallets and crypto exchanges, announced today that Oliver Pluckrose has accepted the company’s offer to become the Chief Technology Officer.

London, England, June 11, 2025 -- Blockchain Deposit Insurance Corporation (BDIC), the first to market providing cryptocurrency deposit insurance for digital currency wallets and crypto exchanges, announced today that Oliver Pluckrose has accepted the company’s offer to become the Chief Technology Officer.

BDIC confirmed the role, bringing on the seasoned enterprise software executive amidst international expansion in PanAsia, Latin America and Europe as the cryptocurrency deposit insurance provider prepares for product delivery and token offering in Q4.

Pluckrose, who has over 25 years of experience in enterprise software development, brings deep technical expertise and proven leadership to BDIC. As the founder of AVAMAE Software Solutions, based in London, he has led a team of 45 engineers in delivering over 200 projects for global clients across fintech, healthcare, and other industries. His work specializes in Microsoft technologies and Azure cloud infrastructure.

As CTO, Pluckrose will oversee BDIC’s technical infrastructure, which includes integration with various digital wallet platforms and crypto exchanges. He and the AVAMAE team will work closely with BDIC’s recently appointed advisor James Owens, a renowned tech visionary. Together, their expertise is expected to drive the creation of a robust and scalable decentralized insurance solution aimed at making digital currency use safer for the masses.

Pluckrose is known for his event-driven architecture philosophy, with a focus on workflow optimization and automation. His commitment to microservices architecture has helped legacy systems modernize their tech stacks while improving operational efficiency. These principles have already shaped BDIC’s platform design, aligning the software build closely with strategic business outcomes. He also brings valuable experience as an advisor to SMEs, guiding them in linking technical development with business growth.

This executive appointment comes at a pivotal moment as BDIC accelerates its expansion in Hong Kong under regional head Paul Kohli. The company is currently seeking regulatory approval as a licensed insurance provider and aiming for coverholder status with Lloyd’s of London. BDIC is also preparing to launch its native utility token in Q4 2025, which will be used for payments, internal settlements, governance and other platform functions.

Kohli praised Pluckrose’s work so far, stating, "Our regional crypto exchange affiliate partners and their technical teams are encouraged by how smoothly we’re integrating and aligning on mutual security protocols. Oliver’s open communication and attention to detail are exactly what we need as we move forward.”

BDIC’s initial go-to-market strategy begins in Q4 2025 in Hong Kong and PanAsia, followed by a rollout into Latin America in Q1 2026, and Europe in Q2 2026. The company’s goal is to provide deposit insurance that protects retail and institutional users against losses from exchange or wallet failures—without compromising user custody or private key control. BDIC seeks to make daily crypto use more secure and accessible by offering affordable insurance coverage.

To support its brand and go-to-market efforts, BDIC recently partnered with 3Point0 Labs as its agency of record. Since this partnership, there has been a noticeable increase in engagement from new wallet platforms and exchanges. BDIC also anticipates more marketing collaborations that will further boost its reputation and reach.

A core feature of the BDIC platform is its use of smart contracts and dual-tier risk-scoring algorithms to determine coverage pricing. Analysis of global data revealed that the average "hot" wallet holds approximately $6,300 USD. As a result, BDIC offers two standard coverage bands: $0–$10,000 for "standard" coverage and $10,000–$20,000 for "preferred" coverage. Affiliate platforms may offer other tiers based on localized programs and user profiles.

CEO Jeffrey A. Glusman highlighted the rigorous selection process for the CTO role, stating, "We needed someone who not only understands blockchain but also excels in systems architecture, compliance, and scalability. Oliver is that rare mix of precision engineering and visionary product thinking. With him, BDIC isn’t just building a product—we’re building a commercial-grade infrastructure that meets institutional standards."

He further noted that while many startups have attempted crypto insurance solutions over the past decade, most failed due to poor execution or misalignment with crypto’s decentralized principles. BDIC’s approach is different—it doesn’t demand custody of private keys or control of user assets. Instead, it supports the self-custody ethos of crypto while offering the peace of mind of traditional insurance.

Pluckrose added, "This isn’t just about building a tech product. It’s about setting a new global standard for protecting digital assets through decentralized deposit insurance. There’s a genuine market need for what we’re delivering."

Now three months into the MVP development phase, BDIC expects to make more executive announcements soon, including hires for the CMO, COO,