#onre

➤ OnRe, a collateralized reinsurer and onchain asset manager, has appointed Ben Fortune as its Chief Underwriting Officer to lead its insurance and reinsurance strategy. ➤ Fortune's role will focus on scaling OnRe's onchain capital platform, which currently manages $170 million, and connecting alternative capital with the global P&C reinsurance market. ➤ The appointment signifies OnRe's commitment to institutionalizing its underwriting function and leveraging technology to integrate onchain capital with real-world risk and yield in the reinsurance sector.

➤ Forward Industries, a Solana digital assets trust, is investing up to $25 million in OnRe, an on-chain reinsurance provider, to integrate institutional-grade reinsurance yields into DeFi strategies. ➤ OnRe's yield-bearing token, ONyc, can be used as collateral in Solana's DeFi ecosystem for lending and borrowing, representing an expansion of Forward's treasury strategy into real-world cash flows. ➤ The article also notes Solana's growing digital asset trust market, though still smaller than Bitcoin and Ethereum, and mentions other industry news like MoonPay's acquisition of DFlow.

➤ Forward Industries (FWRD) is expanding its treasury operations on the Solana blockchain by investing up to $25 million in ONyc, a yield-generating token for the reinsurance market, and co-leading OnRe's $5M Series A funding round. ➤ This strategic move diversifies FWRD's blockchain exposure beyond traditional crypto holdings, aiming for consistent dollar-denominated treasury returns and enhanced balance sheet stability. ➤ The partnership with OnRe, a Bermuda-regulated reinsurance entity, aims to leverage blockchain for streamlined underwriting and claims, tapping into the significant global reinsurance market and increasing institutional adoption.

➤ Forward Industries (FWRD) is investing up to $25 million in ONyc tokens on Solana through a partnership with OnRe, a blockchain-based reinsurance platform. ➤ This initiative aims to diversify Forward's treasury beyond traditional staking and generate dollar-denominated returns from reinsurance yields. ➤ The investment, co-led with RockawayX, highlights growing institutional interest in tokenized real-world assets on the Solana blockchain.

➤ OnRe, a Solana-based reinsurance venture, has secured $5 million in Series A funding led by Forward Industries and RockawayX to advance on-chain risk transfer infrastructure. ➤ The investment highlights growing institutional interest in blending traditional risk markets with DeFi, with Forward Industries also committing to invest up to $25 million into OnRe's yield-bearing token on Solana. ➤ This development signifies a broader trend of established corporate treasuries exploring strategic alignment with blockchain infrastructure and tokenized risk markets, particularly on networks like Solana.

➤ Forward Industries is investing $5 million in OnRe, a blockchain-based reinsurance company, and plans to deploy up to $25 million into OnRe's ONyc token on Solana. ➤ This move signifies Forward Industries' expansion into tokenized real-world assets and diversified income streams, aligning with its strategy to bolster the Solana ecosystem. ➤ The investment highlights the growing convergence of traditional finance and blockchain, with potential implications for regulatory landscapes and institutional interest in tokenized insurance products.

➤ Forward Industries and RockawayX are co-leading a $5 million Series A investment in OnRe, a regulated onchain reinsurance company. ➤ Forward Industries will also deploy up to $25 million into OnRe's yield-bearing token, ONyc, to gain exposure to reinsurance risk on the Solana blockchain. ➤ This strategic investment aims to accelerate onchain reinsurance, expand Forward's RWA strategy, and enhance shareholder value through diversified, dollar-denominated income streams within the Solana ecosystem.