Overview
OnRe positions itself as an on-chain reinsurance company on Solana, offering tokenized access to reinsurance-linked yield through ONyc and related program infrastructure. Public materials emphasize regulated operating structures, composability, and contract-derived metrics.
A treasury allocator may review OnRe before deployment because the exposure appears to bridge on-chain contract risk with offchain regulated underwriting, tokenized product design, and data-reporting assumptions that extend beyond conventional DeFi lending.
Security and audit history
Public audit materials were identified. OnRe’s documentation lists multiple Quantstamp reports and an Ackee report across 2025 and early 2026, and public report pages appear available. Those materials are useful diligence inputs, but they do not independently validate reinsurance underwriting quality, legal enforceability, or operational resilience.
OnRe independent audits page
Updated public docs, accessed April 2026
Official documentation lists Quantstamp reports from April 2025, May 2025, September 2025, and January 2026, plus an Ackee report from November 2025.
Quantstamp OnRe Solana report page
Public report page surfaced in search
Quantstamp report page describes an OnRe Solana program built with Anchor and facilitating token sales via an offers system.
Ackee report for tokenized (re)insurance pools
November 2025
Public PDF describes OnRe tokenized (re)insurance pool architecture and deterministic pricing mechanics.
Key risk themes
Hybrid onchain / offchain exposure
Public materials indicate that treasury exposure depends not only on Solana programs but also on regulated reinsurance operations, making legal structure, underwriting quality, and servicing dependencies material.
Administrative and token-control authorities
OnRe documentation exposes mint and program-upgrade authorities, which can aid transparency but also indicate privileged control surfaces that warrant deeper governance review.
Valuation and accounting-model sensitivity
Because public materials frame smart contracts as the primary source of truth for NAV, APY, and TVL, treasury review should examine how those values are derived and how offchain data feeds or assumptions could affect them.
RWA legal and redemption complexity
Tokenized reinsurance products may involve redemption, settlement, and jurisdictional considerations that are not reducible to smart contract review alone.
Composability can transmit external risk
If ONyc is used as collateral or routed into other Solana protocols, treasury exposure may inherit downstream integration, liquidity, and market-structure risk.
Source materials
Official site
OnRe official site
https://www.onre.finance/
Official docs
OnRe independent audits
https://docs.onre.finance/legal/security-and-verification/independent-audits
Official docs
OnRe token configuration and reference
https://docs.onre.finance/technical-resources/token-configuration-and-reference
Public audit material
Quantstamp OnRe Solana report
https://certificate.quantstamp.com/full/on-re-solana/c31251fd-f107-478d-ac17-6d9ad6bd3faa/index.html
Scope notes
- This memo does not independently assess Bermuda-regulated entities, reinsurance counterparties, or underwriting performance.
- Public technical materials may not fully describe all issuance, redemption, or operational fallback mechanics.
- No representation is made that all legal, accounting, or compliance dependencies have been reviewed.
- Independent technical and legal diligence may still be required before capital deployment.
Research disclosure
This report synthesizes publicly available materials to support diligence. It does not constitute a smart contract audit, legal advice, or an offer to transact. Security reviews, documentation, and public disclosures can improve transparency, but they do not eliminate implementation, governance, operational, custody, or market risk.