Forward Industries and RockawayX are investing in OnRe to create decentralized reinsurance solutions on the Solana blockchain, aiming to bring institutional players into the on-chain insurance market.

Forward Industries and RockawayX have invested in OnRe, a company focused on building reinsurance solutions directly on the blockchain. This move aims to bring traditional insurance risk and capital onto decentralized networks. By utilizing the Solana blockchain, OnRe seeks to attract major institutional investors to the burgeoning on-chain insurance sector, streamlining processes and increasing transparency for a more efficient global market.