Nayms restructures, rebuilds and relaunches as OnRe
OnRe, backed by Ethena, Solana, and RockawayX launches a structured yield product combining real-world stability and on-chain upside. Bridging the historically inaccessible $750bn reinsurance market with the power of blockchain for an asset that delivers investors attractive yields across market cycles.
- First structured yield product merging reinsurance returns with crypto upside in a model not replicable in traditional finance and built to outperform it.
- OnRe, the leading regulated on-chain reinsurance company, partners with Ethena to promote its yield-bearing stablecoin, USDe, as collateral in real-world reinsurance pools.
- Product engineered to deliver returns in both bull and bear markets; protocol offers a revenue-aligned token built on licensed reinsurance cash flows and long-term platform growth.
“We’ve been on this journey with OnRe since day one—six years of building, learning, and pushing boundaries together. To see them relaunch with the backing of Ethena, Solana, and RockawayX is a huge milestone. These are partners who truly understand the scale of the opportunity and the depth of the challenge. We’re incredibly proud of what the OnRe team has achieved, and we’re excited to continue supporting them as they redefine reinsurance for the digital age.”
Richard Chattock, CEO, Insurtech Gateway
OnRe Launches
Today, OnRe, the leading regulated on-chain reinsurance company, launches its ONe token. ONe is an accumulating token for LPs, currently offering projected returns of up to 36.5% consisting of reinsurance performance, collateral yield, and token incentives. OnRe unlocks previously inaccessible yield from the $750 billion global reinsurance market, and combines it with the digital asset market’s unique return attributes, resulting in a stable and scalable product. Through its partnership with Ethena, OnRe allows users to deposit sUSDe into a reinsurance pool on Solana. Deposited sUSDe flows into a balanced reinsurance portfolio, carefully underwritten by OnRe’s underwriting and actuarial experts, then allocated across diversified insurance lines to generate uncorrelated yields. This enables on-chain capital markets to utilize this real-world asset class as liquid collateral across the ecosystem.
“OnRe provides the perfect real-world use case for sUSDe, allowing over $6bn in stable capital to earn additional, meaningful yield by deploying into one of the world’s most established financial systems. This partnership sets the stage for a new era of capital efficiency, transforming deposits into productive, yield-generating assets while opening a market that has long been out of reach for most investors.”
Guy Young, Founder at Ethena Labs
OnRe’s blockchain-native structured product unlocks capabilities unreplicable in traditional finance, including upside participation through on-chain funding rates and integrations with other DeFi protocols to enhance capital efficiency. In bearish markets, OnRe delivers consistent, stable yield through reinsurance exposure, independent of crypto and equity downturns. In bullish conditions, elevated on-chain funding rates and token incentives from sUSDe and the $ONRE protocol token offer meaningful upside potential. ONe is directly tied to a regulated, revenue-generating business, setting it apart from DeFi tokens that rely on emissions or abstract governance mandates. Its value is linked to TVL, backed by real-world underwriting, and aligned with long-term platform growth. The project’s revenue dynamics are appealing, with the ability to generate the same income from $10M in TVL as a $500M money market fund.
Rising on-chain capital flows, driven by stablecoin adoption and investor demand for lower-volatility yield, make for ideal launch timing. With support from RockawayX, a seed investor in Solana and backer of 15+ of the ecosystem’s leading projects, and the Solana Foundation, OnRe’s integration roadmap will offer pool investors the potential for additional returns through DeFi composability, such as the ability to use the pool deposit receipt as borrow collateral on lending platforms.
“We pursue DeFi products that offer a substantially superior risk and return profile or user experience to traditional alternatives, and OnRe definitely fits the bill, with predictable returns in bearish environments, and meaningful upside in bullish times. Active participants will leverage OnRe’s integrations across Solana DeFi, with projects like Kamino, Exponent, and Fragmetric, making reinsurance a key on-chain portfolio building block. Better yet, the reinsurance industry is sorely in need of a digital lift, and we see OnRe accelerating a leapfrog step forward.”
Samantha Bohbot, Partner & Chief Growth Officer at RockawayX
“Innovation doesn’t happen overnight or in isolation. The launch of OnRe is the result of powerful partnerships and scalable technology, creating something genuinely new in digital assets and insurance. It’s a model that’s rigorously tested, securely designed, and fully compliant. I’m excited to see ONe scale as a reliable collateral asset year-round, giving digital asset markets access to the strong, stable returns of insurance — one of the world’s largest and most profitable industries.”
Dan Roberts, Co-Founder and CEO at OnRe
Backed by deep expertise and full regulatory approval, OnRe sets a new benchmark for allocators seeking reliable, cycle-resilient returns. Visit onre.finance for early investor incentives and and sign up to secure first access to upcoming rewards.
Get in touch
We’ve been proud to back OnRe (formerly Nayms) since day one, and we’re excited about the opportunities these new partners bring. Together, they’re reshaping what’s possible in the (re)insurance space — and the next chapter is already looking transformational. If you have an ambitious idea that would be game changing for the insurance industry, we can give you funding and support. Check out our incubator and venture fund or get in touch.