Forward Industries and RockawayX Co-Lead Strategic Investment in OnRe to Accelerate Onchain Reinsurance on Solana
Forward Industries co-led a $5 million Series A round in OnRe, a regulated onchain reinsurance company, alongside RockawayX. Separately, Forward intends to deploy up to $25 million into ONyc, OnRe's yield-bearing token on Solana, to diversify its treasury with dollar-denominated income.
Key figures
- Deal Value Usd
- 5000000
- Aum partner
- 1500000000
- Planned deployment
- 25000000
AI analysis
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