Blockchain Reinsurance Platform Secures Strategic Investment

Blockchain-based reinsurance platforms are gaining traction as investors look for ways to streamline traditionally manual processes.

Forward Industries, a company that holds significant Solana (SOL) tokens, and crypto investment firm RockawayX have co-led a strategic investment in OnRe, a startup building reinsurance infrastructure on the Solana blockchain.

The $5 million Series A funding will be used to expand OnRe's platform and attract more institutional participants to onchain reinsurance. This emerging segment within decentralized finance is expected to grow as investors seek to capitalize on new risk-transfer markets.