Oxbridge Re Holdings Limited (NASDAQ: OXBR) saw a notable stock increase following its third-quarter 2024 results, business updates, and progress on its Real-World Assets (RWA) tokenized securities initiative. The company’s shares rose by 7.34% to $2.78 in after-hours trading, signaling market confidence in its strategic advances and future growth potential.
Expanding in Tokenized Reinsurance Through SurancePlus
Oxbridge Re (OXBR), along with its subsidiaries, is pioneering the RWA space by offering tokenized reinsurance securities primarily targeted at property and casualty insurers along the U.S. Gulf Coast. At the heart of this innovation is SurancePlus, its Web3 subsidiary, which operates on the Avalanche blockchain and delivers securities backed by reinsurance contracts. SurancePlus combines blockchain technology with SEC regulatory compliance, enabling transparent, accessible investment opportunities for a broader audience traditionally excluded due to high financial thresholds.
Future Growth with High-Yield Tokenized Securities
To further capitalize on its blockchain-based reinsurance model, Oxbridge has outlined plans to launch two new tranches of tokenized securities. The high-yield token aims for a 42% return, while a balanced-yield token targets 22%. These initiatives are supported by a strategic partnership with Zoniqx, a firm that has enabled over $4 billion in on-chain assets. With a solid, debt-free foundation, OXBR is optimistic that these offerings will drive substantial growth in the RWA market as it moves into its second year of tokenized security issuances.
Financial Performance Highlights
Compared to the $7.3 million loss, or $1.24 per share, in the same period previous year, Oxbridge’s net loss of $540,000, or $0.09 per share, was a considerable improvement. This reduction in losses reflects decreased unrealized losses on other investments. Additionally, the company recorded $595,000 in net premiums, up from $549,000 in the prior-year period, attributed to active reinsurance contracts.
Engagement with Industry Leaders Through Global Events
As part of its outreach and growth strategy, Oxbridge actively engages with the fintech and blockchain community. Recent event participation includes high-profile gatherings like RWA Day in Salt Lake City, Token 2049 in Singapore, Ripple Swell in Miami, and the Singapore FinTech Festival, where CEO Jay Madhu shared insights as a featured speaker. This engagement underscores OXBR’s commitment to expanding its influence and fostering partnerships within the rapidly evolving RWA landscape.
