Forward Industries, RockawayX Invest in OnRe Reinsurance
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Cointelegraph
Forward Industries and RockawayX co-led a $5 million Series A funding round for OnRe to build onchain reinsurance infrastructure on the Solana blockchain.Summary
Forward Industries and RockawayX have co-led a $5 million Series A investment in OnRe, a startup developing reinsurance infrastructure on the Solana blockchain. The funding aims to facilitate the migration of traditional risk-transfer markets to decentralized systems using tokenization and smart contracts. Forward Industries also plans to allocate up to $25 million into OnRe's yield-bearing token, marking a significant step in integrating real-world financial services with blockchain technology to improve efficiency in the multi-billion dollar global reinsurance market.
(Source：Cointelegraph)