Oxbridge Re Announces Launch Of Tokenized Real-World Asset Offering "EpilsonCat Re"; Subsidiary SurancePlus Inc. Will Issue Between 500K-1M Participation Shares, Represented By Digital Tokens, Participation Shares Will Be Offered At An Initial Price Of $10 Per Participation Share
Portfolio Pulse from Benzinga Newsdesk
Oxbridge Re Holdings Limited (OXBR) announced the launch of 'EpsilonCat Re', a tokenized real-world asset offering through its subsidiary SurancePlus Inc. The offering involves issuing 500,000 to 1,000,000 digital token participation shares at $10 each, with proceeds used to purchase participating notes for collateralized reinsurance contracts. The EpsilonCat Re tokens target an annualized return of 42%, with last year's DeltaCat Re tokens exceeding expectations. OXBR's venture into RWA tokenization aligns with broader financial trends, including Blackrock's plan to tokenize $10 trillion of assets.
March 27, 2024 | 1:17 pm
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Oxbridge Re Holdings Limited announces 'EpsilonCat Re', a digital token offering aiming for a 42% return, reflecting a strategic move into RWA tokenization and potential growth in its SurancePlus subsidiary.
The launch of 'EpsilonCat Re' represents a significant strategic move for OXBR, tapping into the growing interest in tokenized assets and blockchain technology. The targeted 42% return is ambitious and reflects positively on the company's outlook. The mention of Blackrock's tokenization plan and the broader adoption of blockchain technology suggests a favorable market trend that OXBR is positioning itself to capitalize on. This initiative could attract investor interest and potentially drive up OXBR's stock price in the short term, given the innovative approach and the promising returns from last year's offering.
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