Oxbridge Re Holdings Ltd. (OXBR) and its subsidiary SurancePlus are doing something fairly unusual: taking reinsurance contracts, which normally live in the world of mega-institutions and actuarial tables, and turning them into blockchain tokens that regular accredited investors can buy.
The company announced Thursday at Solana Breakpoint 2025 in Grand Cayman that it's partnering with Alphaledger to list tokenized reinsurance products on the Solana blockchain. These aren't your typical crypto tokens promising the moon—they're backed by actual reinsurance contracts, and the company is targeting annual returns of 20% for its balanced-yield product and 42% for its high-yield offering.
Those are eye-catching numbers in any market environment, but especially when traditional bonds and equities aren't exactly setting the world on fire. The pitch here is that reinsurance represents an uncorrelated asset class that doesn't move in lockstep with the stock market, and historically it's been locked away for sovereign wealth funds and massive institutions.
How It Actually Works
SurancePlus will list its fully collateralized reinsurance instruments on Alphaledger's regulated, Solana-native platform called Vulcan Forge. The products are available to eligible Reg D and Reg S participants—that means accredited investors, institutions, corporates, and sovereign wealth funds—with a minimum investment of just $5,000.
By digitizing interests in reinsurance contracts as on-chain real-world assets, Oxbridge and SurancePlus are essentially trying to crack open a market that's been the exclusive domain of large institutional buyers. The goal is getting these instruments into portfolios of accredited investors looking for diversification beyond stocks and bonds.
The integration leverages Alphaledger's Solana-regulated infrastructure, positioning these reinsurance-linked assets within one of blockchain's fastest-growing ecosystems. Solana has become increasingly popular for real-world asset tokenization thanks to its speed and relatively low transaction costs.
The Performance Picture
SurancePlus says its current offerings are generating returns of roughly 25% and 42% without any leverage, underscoring reinsurance's appeal as an alternative asset. That performance isn't theoretical—last month's third-quarter results showed the Balanced Yield token tracking about 25% versus its 20% target, while the High Yield token remained on pace for its 42% goal.
For the quarter, Oxbridge reported net premiums of $555,000 and $1.73 million for the first nine months. Restricted cash increased to $7.18 million, and the net loss narrowed to $187,000, or 2 cents per share—showing improvement as the business scales.
What The Players Are Saying
Jay Madhu, chairman and CEO of Oxbridge and SurancePlus, framed the partnership as opening doors: "This collaboration marks an important milestone as we broaden access to a historically uncorrelated, high-yield asset class. With offerings targeting annual returns of 20% and 42%, we look forward to making this unique opportunity available across Alphaledger's platform and the rapidly growing Solana ecosystem."
Nick Ducoff, head of institutional growth at the Solana Foundation, emphasized the credibility angle: "This launch further strengthens the credibility and institutional depth of RWAs in the ecosystem. High-yield, uncorrelated assets such as tokenized reinsurance expand what is possible for institutional participants building on Solana."
In other words, Solana wants to be seen as more than just a meme coin casino. Real-world assets like tokenized reinsurance help legitimize the blockchain for serious institutional money.
Price Action: OXBR shares closed 0.72% higher at $1.40 on Wednesday.