OnRe Finance completes a $5 million funding round, Forward plans to allocate $25 million to purchase ONyc tokens
According to ChainCatcher, OnRe Finance has completed a $5 million funding round, led by Forward and Rockaway. The funds will be used to accelerate the development of reinsurance business on the Solana chain.
Forward plans to deploy up to $25 million in OnRe's ONyc tokens to gain exposure to tokenized reinsurance returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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