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GRAND CAYMAN, CAYMAN ISLANDS - Oxbridge Re Holdings Limited (NASDAQ:OXBR), a $16 million market cap company whose stock has seen a -37.63% YTD return according to InvestingPro, through its subsidiary SurancePlus, announced a strategic partnership with Plume, a blockchain platform focused on Real-World Asset Finance (RWAfi). This alliance is set to expand the reach of SurancePlus’ tokenized reinsurance products, ZetaCat Re and EtaCat Re, which are projected to yield annual returns of 20% and 42%, respectively.
The integration with Plume’s blockchain infrastructure is expected to provide a broader range of investors with access to these high-yield, asset-backed securities. Plume’s ecosystem boasts 18 million unique addresses and has facilitated 280 million transactions, with $4.5 billion in committed assets, which could significantly increase the distribution and liquidity of the tokenized securities offered by SurancePlus. According to InvestingPro data, OXBR maintains strong liquidity with a current ratio of 2.99, suggesting solid short-term financial stability.
Jay Madhu, CEO of Oxbridge Re, highlighted the partnership’s alignment with the company’s goal of democratizing reinsurance investments. He noted that listing on Nasdaq ensures compliance and transparency, bridging the gap between blockchain technology, real-world assets, and regulatory standards.
Chris Yin, CEO & Co-Founder of Plume, echoed the sentiment, emphasizing Plume’s dedication to connecting traditional finance with blockchain and offering access to yield-bearing real-world assets.
The collaboration promises to enhance investor reach, provide a scalable distribution system, and meet the demand for yield-generating real-world assets among both institutional and retail investors.
Oxbridge Re Holdings Limited, based in the Cayman Islands, specializes in tokenized real-world assets, offering reinsurance solutions through its subsidiaries. The company has pioneered the first "on-chain" reinsurance RWA, aiming to make reinsurance an accessible investment for a global audience.
Plume, as a full-stack L1 blockchain, is designed specifically for Real-World Asset Finance, supporting over 180 protocols and managing a $25M RWAfi Ecosystem Fund. It offers an EVM-compatible environment for managing a wide range of real-world assets within the blockchain space.
This press release is based on a press release statement and does not constitute an offer to sell or a solicitation to buy the mentioned securities. The securities have not been registered under the U.S. Securities Act of 1933 and are offered only under specific regulations. The company has noted that the forward-looking statements in the press release are subject to risks and uncertainties, and updates to these statements will be made in accordance with the law. For a comprehensive analysis of OXBR’s financial health, valuation metrics, and growth potential, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert insights and actionable intelligence.
In other recent news, Oxbridge Re Holdings Limited announced a strategic partnership with Plume to expand the distribution of its tokenized reinsurance securities. This collaboration aims to leverage Plume’s blockchain platform to reach a broader investor base for its high-yield, real-world asset-backed securities. Additionally, Oxbridge Re launched a digital token offering through its subsidiary SurancePlus, involving the issuance of Participation Shares represented by digital tokens "ZetaCat Re" and "EtaCat Re." The proceeds from this offering will be invested in collateralized reinsurance contracts, providing investors with a preferred return of the initial share price plus 20%.
Furthermore, Oxbridge Re announced a $5 million private share placement to support its Web-3 segment and other strategic activities. Investors participating in this offering will receive warrants to purchase additional shares, although these securities are not registered under the Securities Act of 1933. In another development, Oxbridge Re disclosed that it has not received any claims related to Hurricanes Helene and Milton, although it has capped potential maximum losses at $1.7 million.
These recent developments highlight Oxbridge Re’s efforts to innovate within the reinsurance market while managing its exposure to natural disasters. The company’s strategic initiatives, including partnerships and new offerings, aim to strengthen its financial position and expand its market reach.
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