Oxbridge / SurancePlus Selects Coinbase Prime to Support Strategic Bitcoin and Ethereum Investment
Oxbridge Re Holdings (NASDAQ: OXBR) and its subsidiary SurancePlus have selected Coinbase Prime as their platform for purchasing and securing custody of Bitcoin and Ethereum as treasury reserve assets. The company, which operates in tokenizing Real-World Assets (RWAs) and provides reinsurance solutions in the Gulf Coast region, may also consider investing in other cryptocurrencies.
This strategic move demonstrates Oxbridge's commitment to integrating blockchain solutions into their financial framework. The partnership with Coinbase Prime aims to ensure secure management of digital assets while creating new investment opportunities aligned with their blockchain vision.
Oxbridge Re Holdings (NASDAQ: OXBR) e la sua controllata SurancePlus hanno scelto Coinbase Prime come piattaforma per l'acquisto e la custodia sicura di Bitcoin ed Ethereum come riserve patrimoniali. L'azienda, attiva nella tokenizzazione di beni reali (RWAs) e nella fornitura di soluzioni di riassicurazione nella regione della Gulf Coast, potrebbe anche prendere in considerazione investimenti in altre criptovalute.
Questa mossa strategica dimostra l'impegno di Oxbridge nell'integrare soluzioni blockchain nel proprio framework finanziario. La partnership con Coinbase Prime mira a garantire una gestione sicura degli asset digitali creando al contempo nuove opportunità di investimento in linea con la loro visione blockchain.
Oxbridge Re Holdings (NASDAQ: OXBR) y su subsidiaria SurancePlus han seleccionado Coinbase Prime como su plataforma para la compra y custodia segura de Bitcoin y Ethereum como activos de reserva de tesorería. La empresa, que opera en la tokenización de Activos del Mundo Real (RWAs) y ofrece soluciones de reaseguro en la región de la Costa del Golfo, también podría considerar invertir en otras criptomonedas.
Este movimiento estratégico demuestra el compromiso de Oxbridge de integrar soluciones blockchain en su marco financiero. La asociación con Coinbase Prime tiene como objetivo garantizar una gestión segura de los activos digitales, mientras se crean nuevas oportunidades de inversión alineadas con su visión blockchain.
Oxbridge Re Holdings (NASDAQ: OXBR)와 그 자회사 SurancePlus가 Coinbase Prime을 비트코인 및 이더리움 구매 및 안전한 보관을 위한 플랫폼으로 선택했습니다. 이 회사는 실제 자산(RWAs) 토큰화 및 걸프코스트 지역의 재보험 솔루션 제공에 주력하고 있으며, 다른 암호화폐 투자를 고려할 수도 있습니다.
이 전략적 움직임은 Oxbridge가 금융 프레임워크에 블록체인 솔루션을 통합할 의지를 보여줍니다. Coinbase Prime과의 파트너십은 디지털 자산의 안전한 관리 보장을 목표로 하며, 동시에 그들의 블록체인 비전에 부합하는 새로운 투자 기회를 창출하는 데 기여합니다.
Oxbridge Re Holdings (NASDAQ: OXBR) et sa filiale SurancePlus ont choisi Coinbase Prime comme leur plateforme d'achat et de garde sécurisée de Bitcoin et d'Ethereum en tant qu'actifs de réserve de trésorerie. L'entreprise, qui opère dans la tokenisation des Actifs Réels (RWAs) et fournit des solutions de réassurance dans la région du Golfe, pourrait également envisager d'investir dans d'autres cryptomonnaies.
Ce mouvement stratégique démontre l'engagement d'Oxbridge à intégrer des solutions blockchain dans son cadre financier. Le partenariat avec Coinbase Prime vise à garantir une gestion sécurisée des actifs numériques tout en créant de nouvelles opportunités d'investissement alignées avec leur vision blockchain.
Oxbridge Re Holdings (NASDAQ: OXBR) und ihre Tochtergesellschaft SurancePlus haben Coinbase Prime als Plattform für den Kauf und die sichere Verwahrung von Bitcoin und Ethereum als Treasury-Reserve-Assets ausgewählt. Das Unternehmen, das in der Tokenisierung von realen Vermögenswerten (RWAs) tätig ist und Rückversicherungslösungen in der Golfküstenregion anbietet, könnte auch in andere Kryptowährungen investieren.
Dieser strategische Schritt zeigt das Engagement von Oxbridge, Blockchain-Lösungen in ihr finanzielles Framework zu integrieren. Die Partnerschaft mit Coinbase Prime zielt darauf ab, eine sichere Verwaltung digitaler Vermögenswerte zu gewährleisten und gleichzeitig neue Investitionsmöglichkeiten zu schaffen, die mit ihrer Blockchain-Vision in Einklang stehen.
- Strategic expansion into cryptocurrency investments through a major institutional platform
- Diversification of treasury reserve assets with Bitcoin and Ethereum
- Partnership with established cryptocurrency custodian Coinbase Prime enhances security credentials
- Exposure to volatile cryptocurrency market poses potential financial risks
- Investment in crypto assets may impact company's risk profile
Insights
The partnership between Oxbridge Re and Coinbase Prime represents a strategic transformation that goes beyond mere cryptocurrency investment. This move positions OXBR at the forefront of two significant trends: the institutional adoption of digital assets and the tokenization of real-world assets (RWAs).
The selection of Coinbase Prime, a leading institutional-grade custody solution, addresses key concerns about security and regulatory compliance. This is particularly important given OXBR's status as a publicly-traded company and its operations in the highly regulated reinsurance sector. The focus on Bitcoin and Ethereum - the two most established cryptocurrencies - suggests a measured approach to digital asset exposure.
What's particularly noteworthy is how this aligns with OXBR's existing initiatives in tokenizing reinsurance securities. This creates a comprehensive blockchain strategy that could revolutionize their business model in several ways:
- Enhanced liquidity management through cryptocurrency reserves
- Potential cost reduction in international transactions
- Creation of new reinsurance products leveraging blockchain technology
- Improved efficiency in claims processing and risk assessment
For investors, this represents a unique opportunity to gain exposure to both traditional reinsurance and digital assets through a single equity. However, it's important to note that this strategy also introduces new risk factors, including cryptocurrency volatility and evolving regulatory frameworks.
GRAND CAYMAN, Cayman Islands, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, today announced it has selected Coinbase Prime to facilitate the purchase and secure custody of Bitcoin and Ethereum along with potentially other cryptocurrencies as a treasury reserve asset.
Jay Madhu, CEO of Oxbridge, commented, “Our collaboration with Coinbase underscores our commitment to integrating cutting-edge blockchain solutions into our financial framework. By working with Coinbase, we are confident in our ability to securely manage digital assets while paving the way for new investment opportunities that align with our blockchain vision.”
Ryan Ballantyne, Institutional Sales Manager of Coinbase, commented, “Oxbridge / SurancePlus’ decision to include Bitcoin and Ethereum as a treasury reserve asset underscores the increasing alignment between traditional finance and blockchain technology. We look forward to supporting their Bitcoin and Ethereum investment and innovative approach to integrating blockchain into real-world applications (RWAs). Selecting Coinbase Prime ensures a trusted and secure platform for buying and storing their crypto investments.”
About Oxbridge Re Holdings Limited
Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.
Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.
Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors.
Company Contact:
Oxbridge Re Holdings Limited
Jay Madhu, CEO
+1 345-749-7570
jmadhu@oxbridgere.com
Forward-Looking Statements
This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.
FAQ
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