OnRe x RockawayX: A Shared Bet on the Future of On-Chain Reinsurance

At OnRe, we’re building more than a product — we’re building new financial infrastructure. That requires partners who understand both the scale of the opportunity and what it takes to get there.

That’s why we’re proud to be backed by RockawayX, who led our investment round and joined us as a long-term strategic partner.

With support from RockawayX — a global digital asset investment firm and early backer of Solana — alongside Ethena and the Solana Foundation, OnRe is backed by partners with a deep legacy in shaping the digital asset space. RockawayX has invested in 100+ early-stage crypto projects since 2020, including 15+ leaders in the Solana ecosystem, and works closely with teams to help them scale through cycles and across ecosystems.

From the beginning, they saw what we saw: the potential for this asset class to move on-chain, and the infrastructure required to make it work. 

As they put it in their investment thesis:

“OnRe has built something that the traditional financial system can’t: a compliant, on-chain reinsurance platform that turns the historically inaccessible $750B reinsurance market into a programmable, composable asset class.”

Rockaway’s experience across infrastructure, DeFi, and real-world assets makes them a uniquely aligned partner. They’ve built in the space, backed core protocol layers, structured capital — and now, with OnRe, they’re helping turn insurance into a new financial primitive for the on-chain economy.

“We run a $100 million private credit fund, which only provides liquidity to DeFi protocols — around 30 protocols. We are always searching for high-quality yield, and that’s how we came across OnRe… It’s not possible in TradFi to compound both yields [reinsurance of 12% and Ethena stablecoin of 8%], giving a high-quality 20% yield. There’s another advantage, not possible in TradFi, which is the composability with other DeFi protocols," said Viktor Fischer, Managing Partner and CEO at RockawayX.

This kind of yield — combining underwriting profits from reinsurance and collateral yield from sUSDe — represents a new class of financial product that simply doesn’t exist in traditional markets. It’s composable, capital-efficient, and purpose-built for DeFi.

Together, we’re building toward a future where blockchains don’t just replicate legacy systems, but expand what’s possible — where institutions and crypto-native allocators converge on infrastructure designed to move risk and capital with unprecedented efficiency.

With the foundation in place, we’re executing toward truly scaling on-chain reinsurance as a new structured asset class — built to deliver uncorrelated, consistent real-world returns to digital capital markets.

Want to get involved? Reach out to learn more about our LP incentives and partnership opportunities: https://www.onre.finance/contact.