Did you know that
@onrefinance holds a Class IIGB insurance license and a Class F Digital Asset Business License (DABA)?
1⃣Class IIGB Insurance License (Insurance Intermediary General Business)
This is an insurance intermediation license.
It is issued by financial regulatory bodies (usually in Bermuda or similar jurisdictions) and authorizes the company to act as an intermediary or manager of insurance products, including asset protection, coverage, business risks, and financial guarantees.
➤ OnRe, with a Class IIGB license, can legally and auditably operate in the insurance sector, creating on-chain asset protection solutions or insurance linked to Web3/crypto operations.
2⃣DABA Class F License (Digital Asset Business Act – Class F)
The DABA (Digital Asset Business Act) is the legislation that regulates companies dealing with digital assets — such as tokens, stablecoins, custodians, exchanges, and decentralized financial protocols.
🌟Class F is one of the most comprehensive and demanding categories within this law.
It allows the company to:
🆗Operate digital asset platforms and services;
🆗Issue, custodian, and manage tokens;
🆗Execute transactions or provide on-chain infrastructure;
🆗Do all this under regulatory audit and supervision.
👉 In other words, OnRe has formal permission to operate in the crypto-asset ecosystem with legal security and international compliance.
🏢Invest in OnRe by acquiring ONyc, a stablecoin that generates superior returns – Our on-chain reinsurance fund is uncorrelated with macroeconomic and cryptocurrency volatility and is built using sUSDe.
This means it provides superior returns in a volatile or bear market, while offering a higher yield on invested assets in a bull market, compared to traditional reinsurance.