01 /
Brief
Tokenized reinsurance yield on Solana and Ethereum. Capital collateralizes short-duration insurance contracts, premiums paid upfront as yield. ~$90M+ on Kamino. Bermuda Monetary Authority-licensed Segregated Accounts Company. ~11.94% APY. Backed by Solana, Coinbase Ventures, Guy Carpenter, Howden. Taps ~$800B+ reinsurance market.
02 /
Snapshot
Key terms and identifiers.
- Asset value
- $170M
- Fee
- 0% mgmt / 20% performance
- Custodian
- Coinbase Prime / Squads
- Min investment
- 0 USDC (permissionless via Global Access)
- Structure
- Bermuda segregated account (BMA Class F), tokenized reinsurance
- Chains
- Solana
- NAV frequency
- Daily (Chainlink + Pyth oracles)
- Investor type
- Permissionless (via Global Access channel)
- Spec type
- fund
- As of
- 2026-05
- Token standards
- erc-20
- Regulatory
- bermuda-bma
- Jurisdiction
- Global
- Analytics
- app.rwa.xyz/assets/ONyc
03 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
