Oxbridge Re Ltd., the Cayman Islands based reinsurance company, has said that two tranches of tokenized reinsurance securities that fund its collateralized reinsurance sidecar vehicle for 2025 remain on-track to deliver attractive returns. Recall that, Oxbridge Re launched a Web3-focused venture named SurancePlus in 2022, using digital ledger technology to create tokenized reinsurance securities on the Avalanche blockchain. These tokenized reinsurance securities provide a digitised funding mechanism that support’s the firm’s collateralized reinsurance sidecar vehicle Oxbridge Re NS. Investors that buy into the tokenized reinsurance securities gain access to returns generated through the sidecar and its quota share arrangements with Oxbridge Re. For the current underwriting year, Oxbridge Re, through SurancePlus, arranged two tranches of tokenized reinsurance securities.