How ONe Works

The ONe token is designed to offer investors seamless exposure to reinsurance yields while operating within a fully regulated and secure framework. It creates, safeguards, and distributes value fairly across all participants through transparent mechanisms built on blockchain infrastructure.

The ONe token introduces an innovative way for investors to gain exposure to reinsurance profits while maintaining a flexible and liquid asset. The token's performance directly reflects the portion of the underlying investment pool, ensuring fair and proportional distribution of gains and losses.

ONe tokens will grow as the pool earns money (premiums less claims) at a target rate of 12% per annum in addition to the yield of the underlying asset (sUSDe). Adjustments to the 12% are subject to redemptions and unexpected losses and profits from our expected forecasts. We will upload up-to-date NAV prices (including sUSDe interest rates) which should dictate overall market rates of ONe outside of redemption windows.

The nominal number of tokens held will represent the overall proportion of the pool owned, tracking ownership and value in real-time as users mint/redeem and pool performance develops.

Issuance occurs at a fixed share value. The ONe token is designed to be fully tradable on secondary markets, allowing users to manage exposure dynamically.

OnRe is registered in Bermuda and operates under a segregated accounts structure, ensuring 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.

The pool operates under Nayms' existing regulatory approvals, including its Class IIGB insurance licence and Class F Digital Asset Business (DABA) licence, which govern capitalized underwriting and digital asset-based financial services.

KYC is required for purchases and redemptions. Once verified, a user’s address is added to a whitelist stored in the application. ONe may be sold or transferred to another wallet at any point during the investment life cycle.

Fund Manager Controls:

• Minting and burning of tokens.

• Issuance and redemption of tokens.

• Net Asset Value (NAV) price feeds.

• A multisig system is used for security.

Smart Contract Security:

• Logs for minting, burning, transferring are recorded on-chain for transparency.

• Balances are rounded down to prevent over-allocation, with small lost fractions held for redistribution.

• Multisig approval is used for all fund manager controls.

This framework ensures investors benefit from regulatory compliance, operational transparency, and robust protections.