OnRe, a regulated on-chain reinsurer, has completed a $5 million Series A funding round co-led by Forward Industries and RockawayX. Forward Industries, known for its role as Solana's treasury company, plans to further invest up to $25 million in OnRe's yield-bearing token, ONyc, on the Solana blockchain. ONyc offers exposure to a reinsurance risk portfolio and is integrated into major DeFi protocols on Solana, enabling its use as collateral for lending and yield strategies.