OnRe
ClaimOnRe is a Bermuda-regulated reinsurance company that tokenizes reinsurance exposure and makes it available as an onchain asset on Solana.
Key numbers · TVL $303M · per DefiLlama · updated Sep 23
Overview
OnRe issues ONyc, a yield-bearing token backed by reinsurance premiums and collateral returns from property catastrophe and specialty lines such as D&O, Cyber, and Tech E&O. The product is designed for digital asset allocators who would otherwise have no access to reinsurance markets. ONyc can be used across DeFi protocols for lending, borrowing, fixed-rate structuring, and risk tranching. OnRe works with reinsurance brokers Guy Carpenter and Howden to source risk, and holds IIGB and DABA licenses from the Bermuda Monetary Authority.
Recent activity
Forward Industries and RockawayX co-led a strategic investment in OnRe to accelerate onchain reinsurance on Solana
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Selected Allez Labs as its independent risk partner for evaluating insurance-linked assets
Expanded ONyc liquidity infrastructure with Titan for routing across multiple liquidity sources
Launched OnRe Core Vault live on Accountable's YieldApp, bringing reinsurance-backed yield to Ethereum
Now supports lending, structured yield strategies, managed vaults, and liquidity infrastructure for ONyc across Solana DeFi
Selected Allez Labs as its independent risk partner for evaluating insurance-linked assets
Allez Labs published July 2026 Asset Risk Assessment rating ONyc as High Quality Collateral
ONyc Risk-Tranching went live on Exponent, offering a new way to access reinsurance-backed yield onchain
Regulated by the Bermuda Monetary Authority, holding IIGB and DABA licenses
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Partnered with Solana, Ethena, Squads, and Coinbase Prime
Works with reinsurance brokers Guy Carpenter and Howden for global risk sourcing
Built on Solana as a tokenized reinsurance primitive
Partnered with Solana, Ethena, Squads, and Coinbase Prime
Works with reinsurance brokers Guy Carpenter and Howden for global market access
Launched PropRFQ built with Titan to connect OnRe's issuer-supported liquidity with secondary markets.
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OnRe Market on Kamino has historically reached 90% to 95% utilization with liquidity from Steakhouse, Elemental, RockawayX, and Allez Labs.
Risk management framework targets a loss probability of approximately 0.5% within Bermuda Solvency Capital Requirement rules
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Targets portfolio split between specialty programs and property catastrophe ILWs over next 12 months
Will attend Digital Asset Yield Summit, Solana Summit, DeFinition, Token2049, and Vault Summit in Singapore.
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USDG OnRe Protected Vault launched on Loopscale with minimum principal protection of 20% for srONyc and PT-srONyc.
Earlier
Published September 2026 growth and milestone review as of September 30, 2026
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Supports over 80 compatible Solana wallets via WalletConnect
Supports four ONyc yield strategy options through Exponent, from fixed rates to first-loss exposure
Operates on Solana blockchain, taking advantage of low transaction costs and fast settlement
ONyc market on Exponent surpassed $40 million in deposits, making Exponent second largest holder of ONyc.
PT-ONyc can be used as collateral on Kamino and in looping strategies on Loopscale
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srONyc can be used in rate trading through Exponent and looping strategies through Loopscale
ONyc deploys $6.4M on Exponent for structured yield markets
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ONyc deploys $49.3M on Loopscale for lending and leverage
ONyc holds approximately $279 million in active market capitalization, ranking second-largest RWA on Solana behind BlackRock's BUIDL
ONyc deploys $166.6M on Kamino for lending and collateral markets
Supports ONyc across lending, leveraged yield strategies, fixed-rate markets, and risk tranching.
Published independent attestation of ONyc NAV, treasury balances, and reserve allocations as of 31 August 2026
