PANews reported on January 21 that according to an announcement by Oxbridge Re Holdings, its board of directors has approved the inclusion of Bitcoin and Ethereum in the company's financial reserve assets. SurancePlus, a subsidiary of Oxbridge focusing on Web3, is promoting the tokenization and decentralization of reinsurance investments through blockchain technology. In addition, SurancePlus plans to launch two new tokenized reinsurance products with target returns of 20% and 42% respectively.
Oxbridge Re Holdings Limited is a reinsurance company focused on providing specialized reinsurance solutions to property and casualty insurers throughout the U.S. Gulf Coast region.
