Oxbridge Re to launch tokenized reinsurance securities on Solana blockchain

Oxbridge Re Holdings Limited (NASDAQ: OXBR) announced it entered into an agreement with HCI Group Inc (NYSE: HCI) to launch three tokenized reinsurance securities on the Solana blockchain through its subsidiary SurancePlus.

The tokens, labeled HCI Re 2026 Series A, B, and C, will provide synthetic contractual returns based on reinsurance contracts underwritten by HCI's subsidiary Fortex Reinsurance SPC Ltd. The securities target annualized investor returns of approximately 243%, 133%, and 19% respectively, assuming no underwriting losses.

SurancePlus expects to add approximately $12 million to its balance sheet as restricted assets if it receives subscriptions for the maximum offering amount. The digital securities will be issued using Solana blockchain infrastructure through the Alphaledger platform.

The underlying assets consist of synthetic contractual returns based on excess-of-loss reinsurance contracts premiums and collateral from Fortex Re's 2026-2027 reinsurance program. Participation will be available to accredited investors under Rule 506(c) of Regulation D in the United States and to non-U.S. investors under Regulation S, with minimum investments beginning at approximately $5,000.

"We believe blockchain technology is fundamentally changing how real-world assets are owned, distributed, and accessed," said Jay Madhu, Chairman and CEO of Oxbridge and SurancePlus. "Reinsurance is one of the largest and most established real-world asset markets in the world, and our relationship with HCI Group and Fortex Re represents an important step in bringing reinsurance risk on-chain."

The offering represents what SurancePlus describes as one of the first instances where qualified investors may gain exposure to reinsurance risk through tokenized securities issued on blockchain infrastructure. The company states this information was provided in a press release statement.

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