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Sundance Strategies (OTCQB: SUND) has launched a pre-marketing campaign for its innovative NFT backed by life settlements. The company proposes an investment-grade rated instrument that promises stable returns through a unique blockchain investment. Early investors may also access a convertible debt option linked to the NFT. The offering is expected to provide quarterly coupon payments, backed by an estimated $2 trillion in life insurance policies projected to be lapsed or surrendered. Sundance anticipates growth in this niche market as demand for non-correlated investments increases.
Sundance Strategies (OTCQB: SUND) announced the launch of compliant NFTs backed by life settlements, with assets totaling $500 million in investment-grade life insurance-linked bonds. The NFTs are secured by $850 million in life insurance policies and $115 million in cash reserves, providing potential cash flow and returns to holders. This initiative aims to democratize access to life settlement investments and is part of a broader strategy to integrate blockchain technology for insurance products. With the life settlement market projected to grow significantly, these NFTs could offer stability in volatile markets.
Sundance Strategies (OTCQB: SUND) announced it will act as the lead advisor in developing tailored life insurance portfolios for a life insurance-linked bond offering of up to $500 million through US Capital Global Securities LLC.
The bond offering aims to appeal to institutional accredited investors, with a minimum target of $250 million. The initiative is positioned as a significant catalyst for Sundance's strategy to become a market leader in the life insurance-linked bond sector, with expectations for favorable returns in a low-interest environment.
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