The $750 billion reinsurance market, which allows primary insurers to better manage their risk and financial performance, is one of the world’s most stable financial markets. Issuing reinsurance contracts onchain as tokenized real-world assets (RWAs) can further enhance the reinsurance market by improving liquidity, transparency, and accessibility through features like fractionalized ownership.
OnRe is the world’s first fully licensed onchain reinsurance company whose onchain yield coin, ONyc, provides institutional and crypto-native investors with direct access to real-world yield. This week, OnRe integrated the Chainlink standard to publish real-time net asset value (NAV) data for ONyc on Solana, enhancing its transparency and making it easier for lending protocols, structured vaults, and aggregators to integrate tokenized reinsurance yield into their strategies.
As the standard for onchain finance, Chainlink has enabled over $22 trillion in transaction value and provides essential infrastructure for the growing RWA market, which could reach $10 trillion by 2030. To unlock their full potential, RWAs must be continuously enriched with high-quality offchain data. Chainlink has emerged as the preferred way for financial institutions to obtain key information such as pricing, NAV, and reserve data for RWAs.
“Bringing NAV data onchain brings institutional DeFi-grade transparency and secure cross-chain transfers to one of the world’s most opaque asset classes,” said Ted Georgas, co-founder and CTO at OnRe, in an official announcement. “It unlocks the mechanisms needed to combine real-world risk, deep secondary market liquidity, and blockchain-native yield into usable financial products.”
“By integrating Chainlink Onchain NAV, OnRe is setting a new standard for transparency and interoperability in tokenized reinsurance markets,” added Colin Cunningham, Head of Tokenization and Alliances at Chainlink Labs.
“Onchain NAV brings real-time, tamper-proof valuation of reinsurance assets onchain, empowering OnRe to deliver a scalable and capital-efficient infrastructure for reinsurance as a tokenized RWA, expanding access to a historically gated asset class.”
To learn more about OnRe, visit their website, X, and Telegram.