Regulatory Framework

Licenses and Regulation

On Re SAC Ltd. is authorised and regulated by the Bermuda Monetary Authority (BMA).

Class F License Under the Digital Asset Business Act 2018

OnRe is licensed under Bermuda’s Class F Digital Asset Business Act 2018, authorizing the issuance, sale, and redemption of digital assets, the provision of payment services using digital assets – including fund transfers – and the operation of a digital asset exchange. This regulatory approval enables OnRe to offer a comprehensive suite of digital asset services in a secure and compliant environment.

Class IIGB License Under the Insurance Act 1978

OnRe is licensed under a Class IIGB (Innovative Insurer General Business) license from the BMA. This authorizes OnRe to carry on general insurance business in an innovative manner, including the use of digital assets or cryptocurrency for insurance-related activities. The IIGB license provides a regulated framework for OnRe to underwrite, manage, and structure insurance solutions that leverage new technologies and digital asset infrastructure.

Registration Number 55347.