{"_id":"token-622520","name":"OnRe ONyc (tokenized reinsurance, Solana)","ticker":"ONyc","pillar":"Fixed Income","type":"Reinsurance Yield Token","category":"Reinsurance","description":"Solana token of OnRe SAC Ltd (Bermuda; Class IIGB insurer and Class F digital asset business, Bermuda Monetary Authority). Holds a segregated account that writes reinsurance; the price (NAV) rises with premiums and collateral yield, no rebasing. No tranches: losses hit claim reserves, then yield, then a capital buffer. Target 10–12 % base yield. Monthly attestations (Apex Group).","apy":"~11.0% (estimated, onre.finance, 2026-10-28)","risk":"Medium-High (reinsurance losses)","minInvestment":"None","issuer":"OnRe (OnRe SAC Ltd, Bermuda, BMA)","yieldSource":"Reinsurance premiums + yield on collateral","maturity":null,"term":null,"liquidity":"Atomic on-chain redemption against a vault holding ~15 % of capital (0.30 % fee plus a liquidity-dependent discount); verified wallet needed to redeem in the app; trades on Orca, Raydium, Jupiter","aum":"~$130M","network":"Solana","country":"Bermuda","custody":"Self-custody","howToBuy":"Buy ONyc on a Solana DEX (Orca, Raydium, Jupiter) or through OnRe Open Access","rating":null,"kyc":"None for Open Access purchase; verified wallet to redeem in the app","networkFee":null,"networkFeeUsd":null,"investUrl":"https://onre.finance","source":"https://docs.onre.finance/technical-resources/frequently-asked-questions.md","lastVerified":"2026-10-28","featured":false,"apyPct":11.02,"apyPctLow":10,"apyPctHigh":12,"apyKind":"variable","minInvestmentUsd":0,"custodyType":"self","access":{"kycMint":"none","kycSecondary":"none","kycRedeem":"required","accreditedOnly":false,"whitelistRequired":false},"verified":"curated","isin":null,"underlyingSymbol":null,"underlyingIsin":null,"lifecycle":"live","maturityDate":null,"contract":"5Y8NV33Vv7WbnLfq3zBcKSdYPrk7g2KoiQoe7M2tcxp5","targetArea":[],"areas":[],"_links":{"page":"https://tokenbank.world/token/ONyc","all":"https://tokenbank.world/api/tokens"},"_disclaimer":"Sourced figures; yields are variable and not guaranteed. Target/Area describe who the issuer aims the product at and where. They are not an eligibility check — who may buy is set by the issuer. Not investment advice. Verify the source before relying on any figure."}