#onyc token

[rwatimes]

Forward Industries (FWRD) Stock Climbs on Strategic OnRe Partnership and Solana Treasury Expansion

Forward Industries (FWRD) stock rises as company invests in OnRe's blockchain reinsurance platform and deploys $25M into Solana-based ONyc tokens.

➤ Forward Industries (FWRD) is expanding its treasury operations on the Solana blockchain by investing up to $25 million in ONyc, a yield-generating token for the reinsurance market, and co-leading OnRe's $5M Series A funding round. ➤ This strategic move diversifies FWRD's blockchain exposure beyond traditional crypto holdings, aiming for consistent dollar-denominated treasury returns and enhanced balance sheet stability. ➤ The partnership with OnRe, a Bermuda-regulated reinsurance entity, aims to leverage blockchain for streamlined underwriting and claims, tapping into the significant global reinsurance market and increasing institutional adoption.

[rwatimes]

Forward Industries Invests in OnRe, Plans Up to $25M Deployment in Tokenized Reinsurance Platform

Forward Industries invests in OnRe Series A, deploying $25M into ONyc token on Solana. Learn how FWDI expands treasury into tokenized real-world assets and reinsurance.

➤ Forward Industries is investing $5 million in OnRe, a blockchain-based reinsurance company, and plans to deploy up to $25 million into OnRe's ONyc token on Solana. ➤ This move signifies Forward Industries' expansion into tokenized real-world assets and diversified income streams, aligning with its strategy to bolster the Solana ecosystem. ➤ The investment highlights the growing convergence of traditional finance and blockchain, with potential implications for regulatory landscapes and institutional interest in tokenized insurance products.