Oxbridge Re and its subsidiary, SurancePlus, reported that their ZetaCat Re and EtaCat Re tokenized reinsurance securities for the 2025/2026 treaty year are on track to meet their targeted returns of 20% and 42%, respectively.
SurancePlus launched its 2025/2026 tokenized reinsurance securities offerings on June 1, 2025. The offerings include EtaCat Re, a balanced yield token with a 20% target, and ZetaCat Re, a high-yield token targeting 42%. This marks the third consecutive year that Oxbridge Re has issued tokenized reinsurance securities to investors.
With the 2025 Atlantic hurricane season set to end in less than 40 days, both tokens have performed in line with expectations. The company projects that the tokens will deliver their targeted returns, provided there is no major hurricane activity before the season concludes.
“Our vision continues to be centered on expanding access to this high-yield asset class, which remains uncorrelated to the broader capital markets and available for investors who previously did not have access,” said Jay Madhu (pictured above), chairman and CEO of Oxbridge and SurancePlus.
In line with its blockchain-focused strategy, Oxbridge Re recently selected Coinbase Prime to facilitate the purchase and secure custody of Bitcoin and Ethereum as part of its treasury reserve strategy. The company’s board approved the inclusion of these digital assets to diversify financial holdings and explore blockchain-related opportunities, including cryptocurrencies with potential inflation resistance and long-term growth prospects.
In its Q2 2025 results, Oxbridge Re reported higher net premiums earned but a wider net loss due to hurricane losses and increased operating costs. The company cited adverse development and loss recognition from Hurricane Milton on one reinsurance contract, as well as higher personnel, marketing, investor relations, and tokenization-related expenses.
The company has also advanced its blockchain infrastructure by partnering with the Midnight Foundation to deploy tokenized securities on the Midnight blockchain. This network uses zero-knowledge proof technology to balance regulatory compliance with transaction privacy.
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