Capital is moving more seamlessly between traditional markets and onchain systems. Idle assets are increasingly being put to work with greater transparency, consistency, and capital efficiency.
March reflected that shift.
Assets under management reached $143.1M, growing +23.2% over the past 30 days, as capital continued to flow into reinsurance-backed exposure. At the same time, OnRe DeFi markets expanded to $193.27M, signaling deeper integration across onchain venues and sustained demand for ONyc as productive collateral.
Utilization climbed to 88.56%, reinforcing that deployed capital is not sitting idle, but actively working across lending, liquidity, and structured strategies. Holder growth followed, with 5,429 ONyc holders (+13.5% MoM), reflecting a broader base of participants accessing uncorrelated, premium-backed yield.
Performance remained stable, with ONyc at $1.0894 and ~10.22% APY, supported by underwriting income rather than reflexive onchain dynamics. At the portfolio level, $10.68M in GWP (+42.6% MoM) highlights continued expansion in deployed reinsurance capacity.
Importantly, $20.86M in cumulative buybacks underscores the system’s ability to support secondary liquidity and maintain alignment between price and NAV as the asset scales.
Reinsurance has long been a system where capital is priced, reserved, and deployed with discipline. What’s changing is how that capital is accessed and how it moves.
Onchain infrastructure is making that system more liquid, more transparent, and more composable.
ONyc sits at that intersection, connecting real underwriting income to open financial rails.
