OnRe Launches On-Chain Reinsurance Product with Backing from Industry Leaders

OnRe, a regulated on-chain reinsurance firm, has unveiled a new structured yield product designed to bridge the gap between traditional reinsurance and blockchain technology. This innovative offering will integrate real-world financial yields onto the Solana blockchain ecosystem, leveraging the platform’s robust infrastructure, and is backed by leading firms like Ethena Labs, Solana Ventures, and RockawayX. This move represents a significant step towards democratizing access to the $750 billion reinsurance market for crypto investors, ushering in an era of enhanced capital efficiency and potentially reshaping traditional finance.