Forward Industries, RockawayX back OnRe to build onchain reinsurance on Solana
Forward Industries and RockawayX co-led a $5 million Series A funding round for OnRe, a Solana-based onchain reinsurance platform. Forward committed up to $25 million to OnRe's yield token, positioning itself as Solana's largest corporate holder with 7.01 million SOL. The initiative aims to tokenize the $600 billion+ global reinsurance market, streamlining traditionally manual underwriting and claims processes through blockchain infrastructure.
Coins in this story
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
AI agents are breaking web economics, but Cloudflare says x402 can help
Cloudflare processes a billion HTTP 402 "payment required" responses daily as AI agents increasingly dominate web traffic, exceeding human engagement. The company backs x402, an open payments protocol developed with Coinbase to let publishers charge bots for access. This structural shift addresses broken internet economics where AI scrapers visit sites at 10,000-to-1 ratios versus humans, undermining traditional ad-subscription models.
CME Gearing Up to Launch Bitcoin Volatility Futures Independent From BTC’s Price
CME is preparing to launch Bitcoin volatility futures contracts that operate independently of BTC's actual price movements. This derivative product lets traders speculate on Bitcoin's price swings without directional exposure. The move expands crypto derivatives offerings as institutional adoption grows. For Indian investors, it signals deeper market maturity and new hedging tools, though volatility products carry heightened risk.