ONYC ONYC real-asset yield

About ONYC

ONyc is a Solana token issued by On Re SAC Ltd., a Bermuda company authorised by the Bermuda Monetary Authority under both a Class IIGB innovative insurer licence and a Class F Digital Asset Business Act licence. Each token represents a proportional share of a legally ring-fenced segregated account that underwrites short-duration insurance and reinsurance contracts. Its return combines the premiums earned on that underwriting book with the return on the collateral portfolio held against it. Holders receive that return through onchain NAV updates rather than through distributions, so the token balance does not change.

Issuer

On Re SAC Ltd.

Chain

Solana

Underlying

Premiums earned underwriting short-duration reinsurance contracts, plus the return on the collateral portfolio held against those contracts.

Yield accrual

Accrues in the token price; the balance stays fixed