Forward Industries and RockawayX Back OnRe to Bring Reinsurance Onchain

Forward Industries and RockawayX have co-led a $5 million Series A investment in OnRe, a startup developing blockchain-based reinsurance infrastructure on Solana. The funding signals growing interest in moving traditional insurance risk markets onto decentralized networks.

Blockchain Reinsurance Model Targets Institutional Capital

OnRe is building a platform that uses tokenization and smart contracts to manage underwriting and capital flows in reinsurance. Forward Industries plans to allocate up to $25 million into the platform’s yield-bearing token, aiming to support liquidity and attract institutional participants.

Solana Ecosystem and Market Context

Forward Industries, a major corporate holder of Solana with over 7 million SOL, is positioning itself at the center of this emerging sector. SOL traded near $86.61, up about 2.7%, while the company’s stock saw short-term volatility following the announcement.

Blockchain Adoption in Global Reinsurance Market

The global reinsurance market exceeds $600 billion in size, with premiums nearing $2 trillion. Blockchain pilots are being explored to improve efficiency in underwriting, claims processing, and settlement through shared ledgers.

Early-Stage Sector with Growing Competition

OnRe joins a small group of projects experimenting with decentralized reinsurance and tokenized risk products. While adoption remains early, industry participants expect blockchain-based insurance solutions to gradually integrate with traditional financial systems.