# Regulatory Framework ### Licenses and Regulation On Re SAC Ltd. is [authorised and regulated](https://www.bma.bm/regulated-entities) 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](https://www.bma.bm/digital-asset-business), 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](https://www.bma.bm/insurance-licensing) 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.