OnRe, a regulated on-chain reinsurance platform, has launched its native ONe token, offering investors exposure to returns derived from reinsurance performance, collateral yield, and token incentives.
According to the company, the token currently projects returns of up to 40.35% for liquidity providers. The initiative is positioned to link the US$750 billion global reinsurance market with decentralized finance (DeFi), aiming to generate scalable, yield-bearing products through blockchain infrastructure.
The launch leverages a partnership with Ethena, enabling users to deposit sUSDe stablecoins into a reinsurance pool on the Solana blockchain. The deposits are allocated across a diversified portfolio of reinsurance contracts, underwritten by OnRe’s actuarial and underwriting teams.
The structure is designed to generate yields uncorrelated with broader financial market trends. The deposited sUSDe is also intended for use as liquid collateral across DeFi platforms.
Dan Roberts (pictured above), co-founder and CEO of OnRe, said the token launch reflects collaborative development and technology partnerships.
“The launch of OnRe is the result of powerful partnerships and scalable technology, creating something genuinely new in digital assets and insurance. It's a model that's rigorously tested, securely designed, and fully compliant,” Roberts said.
The ONe token’s value is linked to total value locked (TVL) on the platform, reflecting the underlying underwriting activity. The firm stated that its income potential allows it to match the revenue of a US$500 million money market fund with only US$10 million in TVL.
The timing of the token’s release coincides with increased activity in the on-chain capital markets, driven in part by rising adoption of stablecoins and investor demand for lower-volatility yield.
Elsewhere in the tokenized reinsurance space, Oxbridge Re also announced the launch of its 2025 tokenized reinsurance offerings through its subsidiary SurancePlus.
The 2025 offerings provide investors with two distinct options, each with different targeted returns. The first, EtaCat Re, offers a targeted annual return of 20%, while the second, ZetaCat Re, has a targeted annual return of 42%. Both options are available through the SurancePlus investment platform.
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