OnRe Tokenized Reinsurance

ONyc is a yield-bearing digital token built on the Solana blockchain that gives holders exposure to returns generated by reinsurance premiums, an insurance-industry segment that has historically been accessible only to large institutional participants. The project claims to address the barrier that ordinary investors face when trying to participate in reinsurance markets, which tend to produce returns that do not move in step with conventional financial markets. OnRe, the issuing entity, states it is licensed to deploy digital assets as insurance collateral, positioning ONyc as a bridge between crypto-native capital and real-world private insurance placements.

ONyc is a multi-collateral token that is currently backed by sUSDe, a crypto-native yield-bearing stablecoin, and is used on-chain to underwrite real-world private reinsurance placements. Yield accrues from two sources simultaneously: premiums collected from reinsurance contracts and the yield generated by the underlying collateral assets themselves. The token lives within the Solana ecosystem; no separate consensus algorithm is recorded for the token itself, as it relies on Solana's infrastructure rather than operating its own chain.

The protocol's stated revenue mechanism is reinsurance premiums paid by ceding insurers, which flow back to ONyc holders as yield, with the collateral layer in sUSDe providing an additional yield component on top of that base. The project targets a base yield exceeding 16%, though this figure comes from the project's own description and no independently verified fee or revenue data is stored here. Because no fee-rate or protocol-revenue figures are present in the stored metrics, this site cannot report on fee-based measures such as price-to-fees or revenue multiples for this asset.