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.
Dependency
Where this player builds on, integrates, or relies on others.
