DeFi has spent the last few years proving the rails work. Liquidity can be global. Yield can be built and distributed onchain.
But as capital scales, and as onchain products move closer to real-world risk and real-world returns, one requirement becomes non-negotiable: independent verification. Onchain data alone isn’t full transparency, and serious allocators won’t rely on informal reporting.
Today, we’re announcing a major step forward for ONyc, and for the broader evolution of institutional-grade yield in DeFi.
OnRe has appointed Apex Group a global financial services provider supporting asset managers and financial institutions across fund administration, custody, and reporting, as ONyc’s independent attestation provider.
Under the engagement, Apex will conduct regular, independent attestations of ONyc’s net asset value (NAV) and treasury balances across both traditional financial accounts and onchain infrastructure. Apex will publish monthly attestation reports for ONyc holders and stakeholders, providing third-party confirmation that reported NAV, treasury balances, and portfolio positions match ONyc’s underlying reinsurance exposure.
Independent attestation is table stakes for a product like ONyc. This appointment formalizes a clear separation between capital deployment and verification, holding ONyc to the same accountability standards investors expect from established financial products.
That separation is the point. OnRe deploys capital and manages the strategy. Apex independently verifies the reporting. This is how serious financial products are built, and it’s what DeFi needs if it wants to support larger pools of capital over time.
For ONyc holders and stakeholders, monthly attestations make ONyc easier to monitor with confidence. They create a consistent reporting cadence, provide independent verification of key portfolio metrics, and offer clear visibility into how capital is deployed and managed over time.
The next stage of DeFi won’t be defined by hype. It’ll be defined by products that can earn trust, keep it, and scale with real capital. Independent attestation is part of that foundation, and we’re proud to set that standard with ONyc.
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