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Cryptocurrency News Articles
Oxbridge Approves Bitcoin and Ethereum as Treasury Reserve Assets
Jan 21, 2025 at 09:32 pm
Oxbridge Re Holdings (NASDAQ: OXBR) has announced its Board of Directors' approval to include Bitcoin and Ethereum as treasury reserve assets.
What new treasury assets did OXBR approve in January 2025?
Bitcoin and Ethereum have been approved by the Oxbridge Re Holdings (Nasdaq: OXBR) Board of Directors to be included in their treasury reserve assets, in a move that reflects the company's commitment to innovation and strategy of diversifying financial holdings while exploring assets that are resistant to inflation and have long-term growth potential. This includes blockchain-related opportunities such as Bitcoin, Ethereum, and potentially other cryptocurrencies.
What are the target returns for OXBR's new tokenized securities?
For SurancePlus upcoming annual contracts, SurancePlus currently plans to expand its offering with two concurrent proposed new tokens:
a) This token is a balanced-yield reinsurance RWA security backed token targeting 20% return.
b) This token is a high-yield version of (a) above, targeting 42% return.
How is OXBR implementing blockchain technology in its business?
These initiatives are driven by its Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), which is redefining access to reinsurance investments through tokenization and decentralization. By leveraging blockchain technology, SurancePlus seeks to democratize access to reinsurance contracts, transforming an investment asset class once reserved for ultra-high-net-worth individuals and institutions into a dynamic, inclusive investment opportunity.
What is the purpose of OXBR's tokenization strategy?
The company, through its Web3-focused subsidiary SurancePlus, is expanding its blockchain initiatives centered on tokenized Real-World Assets (RWAs), initially in reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. SurancePlus plans to introduce two new tokens: a balanced-yield reinsurance RWA security backed token targeting 20% return, and a high-yield version targeting 42% return.
How will OXBR's new tokens be funded?
As with previous tokenized securities offered by SurancePlus, the sale of these tokens will be used to fund, and their return will be based on, reinsurance contracts written by the Company’s sidecar reinsurance vehicle, Oxbridge Re NS.
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