Oxbridge-SurancePlus has launched a tokenized reinsurance platform on the Solana blockchain, aiming to process $500 million in reinsurance transactions within its first year. The partnership leverages Solana’s high-speed, low-cost infrastructure to enable real-time settlement and transparent risk pooling.
- Platform launched on Solana blockchain with $500M target volume in first year
- First policy settled in under 14 seconds, 98% faster than traditional methods
- Average transaction cost on Solana: $0.00025, enabling high-frequency trading
- Initial capital commitment: $120M from four syndicates and two investment funds
- Focus on property catastrophe and cyber risk lines for initial deployment
- Smart contracts enable fractional ownership and automated settlement
Oxbridge-SurancePlus has introduced a new tokenized reinsurance platform built on the Solana blockchain, marking a significant step toward digitizing the global reinsurance market. The platform enables insurers and reinsurers to issue and trade reinsurance contracts as programmable assets, with automated settlement and real-time data verification through smart contracts. This innovation is designed to reduce administrative overhead, improve capital efficiency, and enhance transparency across global risk transfer networks. The platform targets $500 million in gross written reinsurance volume during its first 12 months of operation, with initial coverage focused on property catastrophe and cyber risk lines. By tokenizing reinsurance obligations, the system allows for fractional ownership, enabling smaller insurers and alternative capital providers to participate in large-scale risk pools. Solana’s throughput of over 65,000 transactions per second and average transaction cost of $0.00025 support the platform’s scalability and cost-effectiveness. Early adopters include four underwriting syndicates and two alternative investment funds, which have committed $120 million in initial capital deployment. The platform’s first policy, issued in December 2025, covered a $25 million exposure for a North American property portfolio and settled in under 14 seconds—demonstrating a 98% reduction in settlement time compared to traditional methods. These results reflect the potential for systemic efficiency gains across the reinsurance value chain. Market participants, including global reinsurers and institutional investors, are observing the platform’s performance closely. The integration of real-time risk analytics and on-chain audit trails could reshape underwriting standards and capital allocation practices. Regulators in key jurisdictions are also monitoring the initiative for implications on compliance, solvency, and cross-border risk reporting.