Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS) subsidiary MindWave Innovations Inc. USA has signed 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, according to a press release distributed by CryptoCurrencyWire.
Under the agreement, MindWave will design, develop, security-audit, and deploy AssureChain, then host, operate, and maintain the network. AssureChain will support contracts, policies, premium and payment entries, reinsurance treaties, and claims processing. MindChain will provide the settlement layer and anchor AssureChain records to Ethereum.
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. During the agreement, MindWave will serve as BlockAssure’s exclusive blockchain provider for AssureChain.
The agreement took effect on Oct. 4, 2026. Development is planned over four quarters. After the initial two-year term, the agreement will automatically renew for one-year periods unless either party provides 90 days’ notice.
This deal matters because it marks a significant step in applying blockchain technology to the insurance and reinsurance industry, a sector that relies on transparent, traceable, and verifiable transactions. By building AssureChain, MindWave is expanding its technology into insurance, reinsurance, and digital-asset-enabled insurance models. The 20% allocation of AssureCoin also gives MindWave a stake in the tokenized ecosystem it is helping to create.
MindWave Innovations Inc. USA, a wholly owned subsidiary of Apimeds Pharmaceuticals US, Inc., develops technology infrastructure and digital solutions for blockchain-enabled applications, data-driven platforms, and emerging commercial ecosystems. MindChain is a blockchain infrastructure developed within the MindWave ecosystem to support transparent, traceable, and verifiable digital transactions, designed to provide the underlying ledger capabilities for applications involving digital assets, registries, tokenized ecosystems, and decentralized services.
Investors can find the full press release at https://ccw.fm/bVeq4 and the latest news and updates relating to APUS in the company’s newsroom at https://cnw.fm/APUS. The announcement was distributed through IBN, a network that includes InvestorWire for wire solutions and editorial syndication to 5,000+ outlets. The network also offers corporate communications solutions tailored to public companies.
