Brief
Bermuda-licensed reinsurer issuing ONyc, the onchain reinsurance yield token. Regulated under both the Insurance Act and the Digital Asset Business Act. Connects $250B of alternative capital to the $800B P&C reinsurance market. Backed by Ethena, Solana Ventures, and RockawayX. May 5, 2026: closed $5M Series A co-led by Forward Industries (NASDAQ:FWDI) and RockawayX, with up to $25M additional deployment from Forward into ONyc on Solana.
Recent activity
Latest moves on the changelog feed.
- May 5, 2026WIRED
OnRe → Forward Industries + RockawayX. $5M Series A close. Forward commits up to $25M into ONyc on Solana. The first time a Nasdaq-listed Solana treasury company is wiring capital into onchain reinsurance.
- Mar 30, 2026NEW
OnRe + ONyc added. Tokenized reinsurance, first insurance product onchain.
Snapshot
Key terms and identifiers.
- Token standards
- erc-20
- Jurisdiction
- US
- Analytics
- app.rwa.xyz/assets/ONyc
Milestones
How this player got here.
- May 2026$5M Series A co-led by Forward Industries and RockawayX; $25M ONyc commitment from Forward
- Mar 2026OnRe + ONyc added. Tokenized reinsurance, first insurance product onchain.
- May 2025Backed by Ethena, Solana Ventures, RockawayX; ONyc structured yield product launched
Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
