Independent Attestations
Independent attestations are a standard feature of established financial products, particularly where investors expect a clear separation between asset management and verification.
Apex Group Ltd. serves as ONyc’s independent attestation provider, conducting monthly third-party verification of ONyc’s financial reporting and treasury positions. Each attestation confirms:
The accuracy of ONyc’s reported Net Asset Value (NAV) across all holdings
Treasury balances across traditional financial accounts and onchain infrastructure
Portfolio positions relative to ONyc’s underlying reinsurance exposure
Reconciliation of onchain stablecoins, offchain treasury assets, and collateral posted to reinsurance counterparties against reported figures
Established in Bermuda in 2003, Apex is a global financial services firm with more than 13,000 professionals providing fund and asset servicing to asset managers, allocators, financial institutions, and family offices worldwide. With over two decades of institutional fund administration experience across multiple jurisdictions and asset classes, Apex operates a unified cross-asset platform supporting the fund lifecycle from capital formation through ongoing administration and reporting. The firm provides independent verification and oversight consistent with established institutional financial standards.
For ONyc holders and stakeholders, these monthly attestations establish a recurring reporting cadence, provide independent validation of key financial metrics, and enhance transparency into treasury composition and capital deployment over time.
Apex Group Ltd.
Apex Group Ltd.
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