Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS) subsidiary MindWave Innovations Inc. USA has entered into a two-year master maintenance and service agreement with BlockAssure Inc. to build, deploy, and operate AssureChain, a dedicated subnet of MindChain tailored for BlockAssure’s insurance and reinsurance operations. The agreement, effective October 4, 2026, positions MindWave as BlockAssure’s exclusive blockchain provider for AssureChain during the term.
Under the agreement, MindWave will design, develop, security-audit, and deploy AssureChain, then host, operate, and maintain the network. AssureChain will support a range of insurance-related functions, including contracts, policies, premium and payment entries, reinsurance treaties, and claims processing. MindChain will serve as the settlement layer, anchoring AssureChain records to Ethereum to enhance transparency and traceability.
In return, MindWave will receive contracted development fees payable in quarterly installments, with operating and maintenance fees to be agreed upon later. Additionally, MindWave will receive an allocation equal to 20% of the total supply of AssureCoin, a planned digital token within the MindChain network. The development is planned over four quarters, and the agreement will automatically renew for one-year periods after the initial two-year term unless either party provides 90 days’ notice.
This collaboration highlights the growing intersection of blockchain technology and traditional insurance, potentially streamlining processes and improving trust through immutable record-keeping. For Apimeds Pharmaceuticals, the deal could open new revenue streams and demonstrate the commercial viability of its blockchain infrastructure. The agreement also underscores the expanding use cases for digital assets beyond cryptocurrency, as AssureCoin may facilitate transactions within the insurance ecosystem.
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