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Reinsurance premiums on-chain, uncorrelated with crypto by construction.
ONYC is backed 1:1 by reinsurance. Live market data for the share.
ONyc channels stablecoins into private reinsurance placements, an asset class whose returns depend on catastrophe losses rather than markets. OnRe targets a base APY above 16%. It is one of the few tokenized assets on Prism whose risk is genuinely unrelated to rates or equities.
The most genuinely diversifying asset in the catalogue: reinsurance returns track hurricanes and earthquakes, not the Fed. A 16% target yield is the compensation for accepting that a bad catastrophe season impairs capital, and that is a real, not theoretical, risk — this is the same exposure that periodically wipes out reinsurance syndicates. Attractive as a small, uncorrelated sleeve; dangerous if mistaken for a fixed-income substitute because the headline yield looks like one.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Reinsurance premiums. You are being paid to take catastrophe risk, so the return is uncorrelated with markets but exposed to natural disasters.
Yes. A severe catastrophe year can impair the capital backing the placements. This is insurance underwriting risk, not a deposit.