OnRe Finance raises $5M as Forward lines up $25M ONyc buy
OnRe Finance, a regulated on-chain reinsurance firm built on Solana, has completed a $5 million funding round co-led by Forward Industries and RockawayX.Forward plans to deploy up to $25 million into OnRe’s ONyc token, a yield-bearing Solana asset that gives holders exposure to tokenized reinsurance returns.Proceeds will be used to scale OnRe’s Solana-based reinsurance pools, expand underwriting capacity, and deepen integrations with DeFi protocols across the ecosystem.
2026-05-05 18:00:00
