The ONe Token

Insurance and reinsurance have long played a foundational role in stabilizing global markets by distributing risk. Yet participation in these markets has remained inaccessible to most investors. OnRe introduces a blockchain-based solution to democratize access, bringing transparency, liquidity, and yield potential to an industry historically reserved for large institutional players.

The evolution of financial markets has paved the way for innovative investment instruments that bridge traditional industries with the digital economy. OnRe has built the world’s on-chain (re)insurance market tokenized using ONe. The ONe token offers a seamless connection between investors and the (re)insurance market. By leveraging blockchain technology, ONe brings unprecedented transparency, liquidity, and efficiency to an industry that has traditionally been limited to institutional players, and in turn enables the $3tn alternative capital source of digital assets to be transformed into the (re)insurance market.

ONe is a Solana-based digital asset representing fractional ownership in a regulated OnRe investment pool specializing in (re)insurance underwriting, backed by sUSDe. This token provides investors with a dynamic share of the pool’s value.

The pool is managed by On Re SAC Ltd, a segregated accounts company registered in Bermuda, and operates within a segregated account, ensuring that investor funds are legally ring-fenced. It is structured to align with Bermuda’s regulatory framework for insurance-linked investment vehicles and digital asset businesses, and operates under OnRe’s existing regulatory approvals, including its Class IIGB insurance licence and Class F Digital Asset Business (DABA) licence.

(Re)insurance underwriting plays a crucial role in stabilizing global insurance markets, mitigating risks for insurers by spreading liabilities across a network of capital providers. However, access to these markets has historically been restricted to large financial entities. By tokenizing participation in reinsurance pools, ONe democratizes this asset class, enabling a broader range of investors to gain exposure to investments that are uncorrelated to traditional financial markets.

Reinsurance underwriting is a trillion-dollar industry that provides capital-efficient risk management for insurers worldwide. ONe unlocks a new avenue for investors, enabling them to access regulated, yield-generating (re)insurance assets.

ONe introduces:

• Superior Yield: Our on-chain reinsurance pool is uncorrelated to macro and crypto volatility, and is built utilizing sUSDe. This means it provides superior returns in a choppy or bear market, whilst returning greater yield on invested assets in a bull market compared to traditional reinsurance.

• Liquidity: The ONe token can be traded on secondary markets. On-chain reinsurance allows ownership directly in the user's wallet so users can borrow against this position to further boost yields.

• Transparency: Enables investors to track various yield sources (e.g., Ethena and reinsurance) with no hidden fees.