Solana
ONyc channels stablecoins into private reinsurance placements, an asset class whose returns depend on catastrophe losses rather than markets. OnRe targets a base APY above 16%. It is one of the few tokenized assets on Prism whose risk is genuinely unrelated to rates or equities.
Reinsurance premiums on-chain, uncorrelated with crypto by construction.
Prism analyst note
The most genuinely diversifying asset in the catalogue: reinsurance returns track hurricanes and earthquakes, not the Fed. A 16% target yield is the compensation for accepting that a bad catastrophe season impairs capital, and that is a real, not theoretical, risk: this is the same exposure that periodically wipes out reinsurance syndicates. Attractive as a small, uncorrelated sleeve; dangerous if mistaken for a fixed-income substitute because the headline yield looks like one.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Private reinsurance premium and float
- Legal structure
- Tokenized participation in private reinsurance placements
- Jurisdiction
- Not independently confirmed
- Administrator
- OnRe
- Oracle / NAV source
- Issuer-reported NAV
- Reserve information
- Multi-collateral. Returns come from underwriting premiums, so a major catastrophe year can impair capital. This is insurance risk, not credit risk.
- Transfer restrictions
- Freely transferable SPL token. Verified routable on Solana.
- Investor eligibility
- Open / permissionless
- KYC required
- No, permissionless transfers
- Launched
- Jun 1, 2025
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Documents & disclosures
Frequently asked
Where does the yield come from?+
Reinsurance premiums. You are being paid to take catastrophe risk, so the return is uncorrelated with markets but exposed to natural disasters.
Can I lose money?+
Yes. A severe catastrophe year can impair the capital backing the placements. This is insurance underwriting risk, not a deposit.
