By combining global onchain underwriting with real-world reinsurance, OnRe is bringing one of the world’s largest and most profitable industries to internet capital markets, making resilient, uncorrelated, institutional-grade returns accessible for the first time
OnRe, the leading onchain asset manager focused on bringing institutional-grade yield to DeFi, has appointed Apex Group Ltd, a global financial services provider supporting asset managers and financial institutions across fund administration, custody, and reporting as its independent attestation provider to support transparency and oversight across ONyc, its tokenized reinsurance vehicle.
Under the engagement, Apex will conduct regular, independent attestations, in line with agreed attestation standards, of ONyc’s net asset value and associated treasury balances held across both traditional financial accounts and onchain infrastructure.
Apex will publish monthly attestation reports for ONyc holders and other stakeholders, serving as a formal reporting mechanism that provides independently prepared visibility into capital deployment and management, and confirms that reported assets accurately reflect ONyc’s underlying reinsurance positions and treasury holdings.
“Independent attestation is a baseline requirement for a product like ONyc,” said Dan Roberts, Co-Founder and CEO of OnRe. “Appointing Apex Group formalizes the separation between capital deployment and verification, and holds us to the same accountability standards investors expect from established financial products.”
“Our responsibility is to independently assess whether ONyc’s reported positions and valuations are supported by verifiable data,” said Daniel Coheur, Global Head of Digital Assets for Apex Group. “Through recurring attestations, we apply established standards and consistent methodology to provide ONyc holders with reliable, third-party reporting on portfolio composition and treasury assets.”
Independent attestations are a standard feature of established financial products, particularly where investors expect a clear separation between asset management and verification. This appointment applies those same expectations to an onchain reinsurance structure, reinforcing confidence in ONyc’s governance framework, internal controls, and reporting discipline.
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