The listed company Oxbridge has approved Bitcoin and Ethereum as treasury reserve assets

2025-01-21 23:30:10

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ChainCatcher news, according to GlobeNewswire, reinsurance solution Oxbridge today announced that its board has approved the decision to hold Bitcoin and Ethereum as treasury reserve assets. This decision reflects Oxbridge's commitment to innovation and its strategy of diversifying financial assets while exploring inflation-resistant assets with long-term growth potential, including Bitcoin, Ethereum, and potentially other cryptocurrency-related opportunities.

This initiative complements Oxbridge's blockchain-based tokenization of real-world assets (RWA) program. These plans are driven by its Web3-focused subsidiary SurancePlus Inc. ("SurancePlus"), aiming to reshape the accessibility of reinsurance investments through tokenization and decentralization.

By leveraging blockchain technology, SurancePlus hopes to enable more people to participate in investments in reinsurance contracts, transforming this asset class, which was previously reserved for ultra-high-net-worth individuals and institutions, into a dynamic and inclusive investment opportunity.

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