OnRe Tokenized Reinsurance

OnRe Tokenized Reinsurance (ONYC) is a yield-bearing real-world-asset token on Solana that gives crypto allocators direct exposure to the reinsurance market. Rather than tracking a speculative price, ONyc is designed to accrue yield from reinsurance premiums plus the return on its own collateral, targeting a return profile that traditional finance rarely opens to outside investors.

What is OnRe Tokenized Reinsurance?

OnRe is a licensed platform that deploys digital assets as insurance collateral, and ONyc is its first product: a multi-collateral, yield-bearing asset backed by stablecoins and used to underwrite real-world private placements. The pitch is access — connecting on-chain capital to the roughly $750 billion reinsurance industry, a sector historically walled off from most investors.

How does ONyc work?

ONyc is currently collateralized in sUSDe, a yield-bearing stablecoin, so holders earn on two fronts: the base yield from reinsurance performance and the crypto-native yield from the collateral itself. OnRe targets a base yield exceeding 16%, with the key selling point being that reinsurance returns are largely uncorrelated with crypto and equity market cycles. As an RWA token on Solana, ONyc relies on that chain for fast, low-cost settlement while the underlying value comes from real insurance premiums.

• Multi-collateral, yield-bearing RWA token
• Collateralized in sUSDe stablecoin
• Targets base yield above 16% from reinsurance
• Returns designed to be uncorrelated with crypto markets

ONyc tokenomics and supply

ONyc's supply is elastic and tied to capital deployed rather than a fixed mining schedule; circulating and total supply both sit near 192.6 million tokens. Because it is a yield-bearing instrument backed by collateral, its price has stayed in a tight band — its all-time high near $1.12 and low around $1.005 reflect an asset built to hold value and accrue yield, not to swing like a typical crypto token.

What is ONyc used for?

ONyc is used as a yield instrument: allocators hold it to earn reinsurance-linked returns while keeping capital on-chain. It falls under Real World Assets and Yield-Bearing Stablecoin categories, appealing to treasuries and DeFi users seeking income streams that do not move in lockstep with token markets.

Where to buy ONyc

Because ONyc is a structured RWA product, access may run through the OnRe platform and Solana-based venues rather than every mainstream exchange. Review our best crypto exchanges ranking for Solana-friendly options, and use our best crypto wallets guide to pick a Solana wallet capable of holding yield-bearing assets securely.

Is ONyc a good investment?

ONyc offers an unusual, income-focused profile, but it carries real risks: reinsurance underwriting can produce losses, the sUSDe collateral has its own smart-contract and de-peg risk, and RWA tokens depend on the issuer's licensing and transparency. Targeted yields are not guaranteed. This is not financial advice — understand the underlying insurance and collateral risks before allocating.