> For the complete documentation index, see [llms.txt](https://docs.onre.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.onre.finance/for-capital-providers/collateral-composition.md).

# Collateral Composition

The collateral backing ONyc reflects exposure to regulated reinsurance programs and supporting reserve assets held within the underlying segregated accounts. Together, these positions are designed to generate stable, low volatility returns derived from real insurance performance and conservative collateral management.

OnRe manages collateral with three priorities:

* Capital preservation
* Stable, predictable returns
* Clear, transparent reporting

### Schedule of Assets

Capital is allocated across active reinsurance policies, upcoming underwriting opportunities, liquidity reserves, and supporting collateral assets. The portfolio is diversified across both fiat and onchain holdings, with exposure generally consisting of:

* Collateral deployed into active reinsurance contracts
* Capital reserved for upcoming underwriting opportunities
* Liquidity buffers maintained for redemptions and operational flexibility
* Fiat money market instruments and cash equivalents
* Regulated stablecoin yield strategies and onchain treasury positions

Collateral yield is intentionally conservative and designed to remain stable and predictable over time. Returns are primarily driven by reinsurance premium income, prevailing money market rates, and regulated stablecoin yield strategies supporting portfolio liquidity and reserve management.

### Underlying Assets

The collateral supporting ONyc is backed by a diversified mix of fiat and onchain reserve assets selected for liquidity, transparency, and capital preservation characteristics. These assets include short duration treasury exposure, regulated stablecoins, and institutional yield bearing reserve instruments used as part of broader collateral and liquidity management.

Underlying reserve assets currently include:

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[T-Bills | U.S. Treasury Bills](/for-capital-providers/collateral-composition/t-bills-or-u.s.-treasury-bills.md)
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[sUSDe | Staked USDe](/for-capital-providers/collateral-composition/susde-or-staked-usde.md)
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[syrupUSDC | SyrupUSDC](/for-capital-providers/collateral-composition/syrupusdc-or-syrupusdc.md)
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[USCC | Bitwise Crypto Carry Fund](/for-capital-providers/collateral-composition/uscc-or-bitwise-crypto-carry-fund.md)
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[USDC | USD Coin](/for-capital-providers/collateral-composition/usdc-or-usd-coin.md)
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[USDG | US Global Dollar](/for-capital-providers/collateral-composition/usdg-or-us-global-dollar.md)
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[sUSDS | Savings USDS](/for-capital-providers/collateral-composition/susds-or-savings-usds.md)
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[USYC | US Yield Coin](/for-capital-providers/collateral-composition/usyc-or-us-yield-coin.md)
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