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OnRe
Active AUM
$282.56mKey Metrics
Onchain AUM$308.11m
Change (24h)-0.14%
Active / Onchain91.7%
DeFi Active TVL$210.59m
Change (24h)-11.27%
Utilization74.5%
Largest ProtocolKamino Lend$167.28m
Net Flows 30d—
Net Flows 7d—
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Reinsurance Pool | $282.56m | $308.11m | -0.90% | $210.59m | 74.53% | -13.38% | $1.16 | |||
About OnRe
OnRe provides tokenized access to private credit and structured finance products, connecting institutional lenders with decentralized liquidity. It enables securitization of off-chain credit through on-chain smart contracts.
Entity
Legal entityOn Re SAC Ltd.
HeadquartersHamilton, Bermuda
Founded2019
Primary chainSolana
Entity structure
On Re SAC Ltd. is a Bermuda Segregated Accounts Company that both underwrites reinsurance and issues the tokens. ONyc represents a proportional claim on a ring fenced segregated account that is statutorily separate from the general account under the Segregated Accounts Companies Act 2000.
Registry
On Re SAC Ltd. - exempted limited company registered in Bermuda as a Segregated Accounts Company (SAC) under the Segregated Accounts Companies Act 2000, company number 55347, licensed and regulated by the Bermuda Monetary Authority with a Class F licence under the Digital Asset Business Act 2018 and a Class IIGB insurance licence under the Insurance Act 1978.
Regulation
On Re SAC Ltd. is authorised and regulated by the Bermuda Monetary Authority under a Class IIGB Innovative Insurer General Business licence and a Class F full licence under the Digital Asset Business Act 2018, registration 55347 effective May 2022. The company states it was the first reinsurer approved under both regimes after graduating from the BMA regulatory sandbox. Founded as Nayms in 2019 and rebranded to OnRe in May 2025.
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeem1 of 1
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Attestation frequencyMonthly
Fees & revenue
ConfidenceIssuer-Disclosed
Mint Fee0 bps
Redemption Fee25 bps
Float IncomeYes
Fees Last Verified2026-07-09
Minting costs network fees only and fulfilled redemptions carry a 25 bps fee subject to change. Collateral returns on backing assets are an explicit ONyc yield component with any retained spread undisclosed.
Milestones
- 2026-055 million Series A co led by Forward Industries and RockawayX
- 2026-02reached 100 million AUM
- 2025-10ONyc Global Access permissionless channel launched
- 2025-08ONyc listed on Kamino as first reinsurance backed collateral in Solana DeFi
- 2025-05Nayms rebranded to OnRe with the ONe product launch