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Nayms Launches the First Institutional Tokenized (Re)insurance Marketplace on Base, Announcing Next Investment Opportunity

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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:

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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

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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