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Forward Industries invests $25M in Solana-based OnRe to expand blockchain reinsurance offerings

Market News
06 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Forward Industries (FWRD) has committed up to $25 million to OnRe, a Solana-based digital reinsurance platform, as part of a $5 million Series A funding round co-led with RockawayX. This investment aims to diversify Forward's blockchain treasury by adding ONyc, a yield-generating token linked to reinsurance markets, enhancing income beyond traditional crypto holdings. OnRe operates under Bermuda regulations and integrates with Solana DeFi protocols to offer tokenized reinsurance portfolios and lending capabilities. Forward expects this move to generate steady dollar-based returns and strengthen its blockchain revenue streams amid growing institutional interest in real-world asset tokenization on Solana.

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