# On Re SAC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/on-re-sac

- Industry: Software
- Headquarters: Hamilton, Bermuda
- Website: www.onre.finance
- Total disclosed funding: $5M
- Latest round: Series A (May 5, 2026)
- Investors on record: 2

## About

Based in Bermuda, On Re SAC Ltd. specializes in providing innovative on-chain reinsurance solutions that cater to the digital asset ecosystem, focusing on yield generation and collateral management. On Re SAC Ltd. was founded in 2025 and operates out of Hamilton, Bermuda. The company is led by co-founder and CEO Dan Roberts and Ayyan Rahman. The company focuses on the reinsurance market, particularly in digital assets. It has successfully completed one deal, raising USD 5.00 mn in Series A funding on May 6, 2026, co-led by Forward Industries, Inc. and RockawayX. OnRe specializes in providing innovative on-chain reinsurance solutions designed for the digital asset ecosystem. The company's flagship offering is ONyc, a yield-bearing dollar asset that combines reinsurance premiums and collateral returns, making it a preferred collateral asset within decentralized finance (DeFi). This product enables institutional-grade yield generation from real-world underwriting, which is structured for composability, allowing its integration into various lending, borrowing, and on-chain strategies. OnRe specifically targets the reinsurance market, which includes property catastrophe and specialty lines such as Directors and Officers insurance (D&O), Cyber insurance, and Technology Errors & Omissions (Tech E&O). The company operates globally and has established partnerships with key players in the digital asset space and leading reinsurance brokers, aiming to unlock access to a historically inaccessible market for digital asset allocators.OnRe's revenue generation model is centered around its ONyc product and the broader range of reinsurance services it offers. Transactions are facilitated through the provision of yield-bearing assets, where clients—primarily institutional investors and digital asset allocators—can invest in ONyc to gain exposure to the reinsurance market's consistent returns. The company structures its offerings to enhance capital flows, allowing insurers to broaden their portfolios through diversified capital access. Revenue is derived from the premiums collected from underwritten reinsurance products as well as from asset management fees associated with the deployment of ONyc in various DeFi applications. By utilizing its technology platform, OnRe ensures transparency in capital flows, thereby instilling confidence in the financial transactions conducted by its clients.In May 2026, On Re SAC Ltd. raised USD 5.00 mn in Series A funding to scale its on-chain reinsurance platform. The funding will be utilized to expand underwriting capacity, accelerate the deployment of its blockchain-based risk transfer infrastructure, and deepen integrations on Solana. The company is targeting new markets and geographic regions, although specific markets have not been disclosed. The planned enhancements will support OnRe's growth strategy and facilitate broader access to its innovative reinsurance solutions.

## Funding rounds

- Series A, May 5, 2026, $5M — RockawayX, Forward Industries, Inc.

## Investors

- RockawayX (https://capitalatlas.ai/funds/rockawayx) — Series A
- Forward Industries, Inc. — Series A