OnRe Finance secures $5 million in funding, Forward plans to deploy $25 million to purchase ONyc tokens

Odaily Odaily Planet Daily reported that OnRe Finance has completed a $5 million funding round, led by Forward (the largest treasury management company on Solana) and Rockaway. The funds will be used to accelerate the development of on-chain reinsurance business on Solana. Forward plans to deploy up to $25 million into OnRe's ONyc token to gain exposure to tokenized reinsurance yields.