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Initiative involves collaboration with SurancePlus and HCI Group's Fortex Reinsurance SPC.
Oxbridge Re Holdings Ltd, SurancePlus, HCI Group's Fortex Reinsurance SPC announced Oxbridge Re Holdings Ltd and SurancePlus have partnered with HCI Group's Fortex Reinsurance SPC to launch three Solana-based tokenized reinsurance securities offering synthetic excess-of-loss reinsurance exposure through blockchain-based real-world asset tokenization.
The announcement cited ~$12M.
OXBRIDGE RE HOLDINGS Ltd has a free float of 7,045,522 shares and 8,101,374 shares outstanding.
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