Rich by Coin

OnRe is the leading onchain asset manager focusing on institutional-grade yield for DeFi and has appointed Apex Group Ltd as its independent attestation provider to support transparency and oversight across ONyc, its tokenized reinsurance vehicle. Under the engagement, Apex will conduct regular attestations of ONyc’s net asset value and treasury balances held across traditional financial accounts and onchain infrastructure. Apex will publish monthly attestation reports for ONyc holders and other stakeholders, offering independently prepared visibility into capital deployment and management and confirming that reported assets 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.”

OnRe connects $250B of alternative capital with the $800B global P&C reinsurance market, and ONyc offers investors access to a diversified, tokenized portfolio designed for resilient performance across market cycles. Through rigorous capital modeling and 24/7 ONyc liquidity, OnRe sets a new standard for reinsurance capital formation and governance. 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.