On Re – the Bermudan Class F reinsurer – has announced it has chosen the Chainlink standard for on-chain finance to publish NAV data for its on-chain yield coin “ONYC”.
ONYC seeks to deliver largely uncorrelated returns to capital markets through combining real world insurance premiums with tokenised treasuries and crypto native yield.
The company hopes that by bringing daily NAV data on-chain, it has enacted a foundational step toward establishing transparent pricing and secondary market liquidity for tokenised reinsurance risk.
Ted Georgas, co-founder and CTO at OnRe, said: “Bringing NAV data on-chain brings institutional decentralised finance grade transparency and secure cross chain transfers to one of the world’s most opaque asset classes.
“It unlocks the mechanisms needed to combine real-world risk, deep secondary market liquidity, and blockchain-native yield into usable financial products.”
Chainlink’s on-chain NAV powers daily, on-chain valuations of reinsurance assets and liabilities, giving investors and DeFi protocols real-time transparency into ONYC’s real-world value.
The company said this data will make it easier for lending protocols, structured vaults, and aggregators to integrate tokenised reinsurance yield into their strategies.
By streaming standardised, verifiable pricing, OnRe hopes to improve capital efficiency and to enable seamless collateralisation.
”OnRe is setting a new standard for transparency and interoperability in tokenised reinsurance markets,” said Colin Cunningham, head of tokenization and alliances at Chainlink Labs.
“Onchain NAV brings real-time, tamper-proof valuation of reinsurance assets onchain, empowering OnRe to deliver a scalable and capital-efficient infrastructure for reinsurance as a tokenised RWA, expanding access to a historically gated asset class.”
