# Apimeds Pharmaceuticals Signs Two-Year Deal with BlockAssure to Build AssureChain

- URL: https://stocks.freetheai.org/news/apimeds-pharmaceuticals-signs-two-year-deal-with-blockassure-to-build-8e79a8
- Published: 2026-10-13T13:13:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [AMEX:APUS](https://stocks.freetheai.org/symbols/AMEX-APUS)
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Apimeds Pharmaceuticals US, Inc. (APUS) announced that MindWave Innovations entered into a two-year master service agreement with BlockAssure. Under the terms, MindWave will serve as the exclusive blockchain provider to design, build, security-audit, deploy, and operate AssureChain, a dedicated subnet on MindChain.

In exchange for its services, MindWave will receive fixed quarterly development fees, ongoing operation and maintenance fees, and an allocation equal to 20% of the total supply of AssureCoin. AssureChain is designed to move core insurance functions on-chain, including managing contracts, policies, premiums, reinsurance treaties, and claims, with MindChain providing settlement and Ethereum anchoring.

The agreement automatically renews for one-year terms unless either party gives a 90-day cancellation notice. Investors will be monitoring future agreements regarding maintenance fees as well as the operational rollout of the new blockchain network.

## Key points

- MindWave Innovations signed a two-year exclusive deal to build and operate AssureChain for BlockAssure.
- MindWave will receive fixed quarterly development fees, maintenance fees, and 20% of the total AssureCoin supply.
- AssureChain will handle insurance policies, contracts, premiums, reinsurance treaties, and claims on-chain.
- The contract automatically renews annually unless 90 days notice is provided prior to expiration.

## Questions and answers

### What is the agreement between MindWave Innovations and BlockAssure?

MindWave Innovations signed a two-year master service agreement to build, deploy, and operate the AssureChain network for BlockAssure, serving as its exclusive blockchain provider.

### What financial compensation is included in the deal?

MindWave receives fixed quarterly development fees, future operation and maintenance fees, and 20% of the total supply of AssureCoin.

### How long is the agreement valid?

The initial contract term is two years and will automatically renew in one-year increments unless either company provides 90 days notice.