Biliproteins are present in almost all forms of life, and many of them play vital roles in photobiology. The bilin ligand of a recently characterized 500‐kDa biliprotein from an insect has been isolated and its structure elucidated with chemical and spectroscopic techniques (UV–visible, IR, MS, NMR, and CD). This blue pigment, named CV‐bilin, represents a unique high molecular mass derivative of biliverdin IXα, with an unusual 10E‐configuration and a molecular mass of 852 Da, corresponding to C48H60N4O10. The high mass of this open‐chain tetrapyrrole results from the presence of an epoxi‐dihydroxyethylfarnesyl substituent at C‐18 and a hydroxymethyl substituent at C‐13. This substitution pattern exactly reflects that of heme A of mitochondrial cytochrome c oxidases with a hydroxyethylfarnesyl chain and a formyl group at corresponding positions of the cyclic tetrapyrrole. As no other natural product is known to show these structural features (heme O, the precursor of heme A, has a methyl group at C‐13), this bilin is presumed to be derived from heme A by cleavage of the α‐methine bridge and oxidative modifications at C‐13 and the hydroxyethylfarnesyl chain. Possibly, a bilin structurally related to this insect bilin is also produced in other organisms as a result of mitochondrial turnover or degradation. As CV‐bilin in complex with a specific protein is accumulated at the end of larval life, stored in the pupa, and finally transferred to the oocytes, a possible role of the free or protein‐bound pigment in egg or embryonic development is discussed.