Blockchain
Nayms Launches the First Institutional Tokenized (Re)insurance Marketplace on Base, Announcing Next Investment Opportunity
Nayms is pleased to announce that it has launched on Base. Nayms is the world’s leading blockchain-based marketplace for alternative risk transfer and capitalization. Base is a secure, low-cost, Ethereum layer-2 solution. With this launch, investors can more easily access yield-generating (re)insurance opportunities that are available within Nayms’ marketplace in the form of a tokenized asset class.
Embarking on the heels of a successful launch of its first investment opportunities, Nayms remains committed to deploying emerging technologies to reshape the insurance industry. The first product to go live on Base will be an Industry Loss Warranty (ILW) contract, reinsuring against certain weather-related catastrophic events in Florida. Within a Bermuda-regulated segregated account structure, institutional investors can earn yield on their capital, targeting mid-high teen returns, paid by (re)insurance premiums by real (re)insureds who need their risk covered. For early investors, the yield is complemented by an additional reward of NAYM issued tokens equivalent to up to 15% of invested capital.
As the insurance industry evolves, tokenization offers a unique opportunity for institutional investors to diversify their investment portfolios and capitalize on the growth of traditional private market asset classes. Nayms’ opportunities offer investments into (re)insurance for property and casualty (P&C) risks like Cyber, Errors and Omissions, Directors and Officers coverage, crime/specie and various Industry Loss Warranty products. This exposure is typically only available to pension funds, private equity funds, and other major institutional investors. Nayms is making this exposure available to all qualified investors through tokenization, accessible in their wallets.
Some of the benefits of tokenized (re)insurance exposure for qualified investors include:
Diversification of returns from the broader crypto market
Access to historically hard to access private markets exposure, now in a tokenized wrapper
Access to high yield returns with liquidity and low volatility
Safety and security of the decentralized Ethereum network but at a low cost, faster settlement time of the Base L2
Fast user onboarding through KYC automation utilizing verified identity standards of Ethereum Attestation Service (EAS) built into open sourced identity on ethereum
It’s time to bring institutional investors the benefits of Web3 technology powering their traditional asset class investment options. Interested users can learn more by visiting Nayms and connecting their self-hosted wallet on the Base network.
“We are excited to be launching on Base, our first Ethereum Layer 2 network. Our deployment was seamless as it is fully EVM compliant and we look forward to leveraging the reduced fees and easy onramp that Base provides,” stated Nayms Co-Founder and CTO, Ted Georgas.
The ILW market is a vital component of the global catastrophe reinsurance market, a market generating over $300 billion in annual renewal premiums. This market offers substantial opportunities for insurers, insureds, and investors alike.
Nayms’ ILW introduces a novel approach, safeguarding buyers against the peril of named windstorms in Florida. To trigger indemnification, two independent named windstorms in Florida must each separately cause damage exceeding $10 billion to the state’s insured property during the 2024 in-force period. Nayms’ innovation lies in the use of USD Coin (USDC) as collateral within the segregated account on its independently audited Ethereum smart contract. This collateral is further secured through innovative mechanisms, including a digital multi-signature process, enhancing transparency and operational efficiency.
The post Nayms Launches the First Institutional Tokenized (Re)insurance Marketplace on Base, Announcing Next Investment Opportunity appeared first on Hipther Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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