OnRe Tokenized Reinsurance (ONYC)

Reinsurance risk is what is brought on-chain here: a holder of the OnRe token gains economic exposure to a portfolio of insurance obligations whose return does not track the crypto market directly. That return comes from premiums for risk assumed, so losses arrive for insurance reasons rather than market ones. It is one branch of real-world asset tokenisation where what moves on-chain is underwriting rather than a bond or a building. The issue lives on Solana.