SurancePlus Successfully Closes on Five (5) RWA Securities
RWA Signal Insight
Active StrategiesOxbridge Re Holdings Limited, through its subsidiary SurancePlus, has successfully completed five private placements of tokenized reinsurance securities on the Solana blockchain. These offerings raised approximately $7.1 million in gross proceeds from accredited U.S. and eligible non-U.S. investors. The issuance included three securities providing synthetic exposure to reinsurance risks associated with HCI Group's Fortex Reinsurance SPC, Ltd. This milestone brings the total capital raised by SurancePlus to over $16 million across four consecutive treaty years. The company expects to record $13.1 million in new restricted assets on its balance sheet to support these tokenized interests. By utilizing blockchain infrastructure, SurancePlus aims to bridge the gap between institutional-quality reinsurance investments and a broader investor base. This development highlights the growing trend of digitizing complex insurance-linked assets to enhance liquidity and accessibility in the RWA market.
Key points
- SurancePlus raised $7.1 million via five tokenized reinsurance offerings on the Solana blockchain.
- Total aggregate proceeds for SurancePlus now exceed $16 million across four treaty years.
- The issuance includes synthetic exposure to HCI Group's Fortex Reinsurance SPC, Ltd. risks.
- Oxbridge Re will record $13.1 million in new restricted assets as collateral for the tokens.
Background
Oxbridge Re Holdings Limited is a publicly traded reinsurance company that provides property and casualty solutions, primarily in the U.S. Gulf Coast region. Its subsidiary, SurancePlus, specializes in digitizing reinsurance contracts into on-chain assets, allowing investors to gain exposure to insurance-linked returns without traditional intermediary barriers.