Inside the Solana reinsurance sale where parent company Oxbridge supplied 95% of public token demand
Oxbridge said its SurancePlus tokenized reinsurance placements raised about $7.1 million in total. About $781,767 came from the two Solana-based T20 and T42 offerings, and roughly 95% of that amount — about $744,623 — was funded by Oxbridge itself, with only about $37,143 from third parties. Because SurancePlus is a controlled subsidiary, that internal subscription was not independent outside demand. The remaining $6.323 million came from three HCI-linked token series, but filings do not identify buyers or show how much was from unrelated investors versus related parties. HCI also separately provided about $6.19 million in collateral to trust accounts. The filings distinguish gross subscriptions, net deposits, collateral, and trust assets, so they do not prove $7.1 million of outside demand. T20 and T42 are contractual reinsurance-linked tokens, not equity, and returns depend on underlying underwriting performance.
