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Oxbridge Re closes five tokenized reinsurance deals on Solana

The Cayman Islands-based reinsurer raised about $7.1 million across five Solana tokenized offerings, including HCI-linked series whose targeted annualized returns were revised.

Reported · Written up by our desk · Industry & Deals

Oxbridge Re Holdings Ltd. has closed five private placements of tokenized reinsurance securities on the Solana blockchain, raising total gross proceeds of about $7.1 million, according to Artemis.

The tokenized offerings include three HCI Group-linked securities, issued as named series HCI Re 2026 Series A, Series B, and Series C, which provide qualified investors with synthetic contractual exposure to designated reinsurance risk tied to HCI Group’s Fortex Reinsurance SPC, Ltd., Artemis reported.

Artemis said Oxbridge Re’s earlier return targets for the HCI-linked tokens have been adjusted, with Series A now targeting annualized investor returns of 224%, Series B at 122%, and Series C at 17%, based on an assumption of no underwriting losses during the treaty period.

In addition, Oxbridge Re also closed two previously unveiled tokenized reinsurance offerings for the 2026/2027 contract year, labeled T20-2027 and T42-2027, with targeted annual returns adjusted to 26% and 32%, respectively, again assuming no underwriting losses, Artemis added. The firm said the HCI-related securities were issued through a separate blockchain investment structure and were not part of, or intended to affect, Fortex Re’s or HCI’s 2026 to 2027 reinsurance programs.

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