[Infineo tokenizes $125 million life insurance policies and plans to establish a secondary market] Golden Finance reported that blockchain startup Infineo successfully tokenized $125 million worth of life insurance policies on the Provenance blockchain, just three months after its launch. The move is intended to ensure that beneficiaries receive timely notifications after the death of the policyholder. In the future, Infineo plans to launch a secondary market and allow loans to be made using life insurance policies as collateral. Currently, policyholders can upload their policies to the Infineo platform and add the beneficiary's contact information. The policy information will be saved in an encrypted manner and recorded on the public blockchain. Infineo founder and CEO Cole Snell said that this tokenization marks the huge potential for the application of life insurance as a tokenization of real assets, which has promoted innovation and development in the industry. Although the death notification service is currently free, Infineo's future profit model will rely on secondary market transactions and loan services.