OnRe
Onchain reinsurance company licensed by the Bermuda Monetary Authority under the Digital Asset Business Act, which raises capital in stablecoins as collateral behind its own underwriting and pays the premium and collateral yield to holders of its ONyc token.
The profile
Onchain reinsurance company structured as a Bermuda segregated accounts company and licensed by the Bermuda Monetary Authority under the Digital Asset Business Act, which raises capital in stablecoins and deploys it as collateral behind reinsurance contracts written by its own underwriting team. Its token ONyc is a dollar-denominated claim whose return combines reinsurance premium income with the yield on that collateral; RWA.xyz recorded $225.0m of assets and a net asset value of $1.12 across roughly 200 million tokens held by 7,173 addresses on 25 July 2026, with quarterly redemption windows requiring 30 days' notice and a 20% performance fee. Because the token is accepted as collateral in onchain lending and its launch in May 2025 included a route for Ethena's sUSDe to be deposited into reinsurance pools, a catastrophe loss year would transmit into crypto credit conditions instead of remaining inside the insurance sector.
Products and services
- ONyc
- Dollar-denominated Solana token whose return combines reinsurance premiums with collateral yield; USDC is the base subscription asset and redemptions run quarterly on 30 days' notice.
- Reinsurance capital pools
- Segregated accounts into which stablecoin deposits, including Ethena's sUSDe, are allocated across reinsurance contracts underwritten by OnRe's actuarial team.
No development naming OnRe has yet been filed against a primary source. The register entry stands so the institution, its jurisdiction and its products are on the record.