New Liquidity to the Insurance Market, Risk-based Yield for Digital Asset Investors

  • Simplified and tokenized catastrophe bonds
  • Bridging digital asset markets and insurance-linked securities
  • New capital to support extreme exposures
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Blockchain is reshaping finance with faster, cheaper, and more efficient value flows.

Tokenized Re transforms complex catastrophe bonds into accessible digital assets, unlocking new opportunities for investors and greater capital efficiency for insurers

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Why It Matters

Tokenized Re is focused on democratizing insurance-linked securities for the benefit of both investors and catastrophe bond sponsors/risk originators.

Tokenized catastrophe bonds will be simplified to improve accessibility to the broader fixed income market and be made available on a blockchain to attract a new class of digital asset investors that currently have limited access to insurance risk as an investment option.

Capital Efficiency

With single digit risk spreads, more economical than excess-of-loss reinsurance or traditional ILS

Fully Regulated

Instruments issued in jurisdictions providing institutional-grade regulation and oversight

Comprehensive Coverage

Protection sits back-to-back with sponsor portfolios, with no additional exclusions or loss caps

Proposed Model

Proposed Model

Jurisdiction: Bermuda, Singapore/Project Guardian ecosystem

Token: Security token (ERC-1400/ERC-3643, SEP-8) 

Token Rights: represents a pro-rata share of the bond’s principal and coupon

Issuance Size: pilot $25 million, at scale $50-100 million

Distribution: direct listing on regulated token marketplaces plus traditional clearing via DTC

Investor Eligibility: Institutional, accredited

Tokenized Re is 

bringing this technology

to the insurance-linked securities market

We aim to bring a new class of risk capital that benefits both investors and catastrophe bond sponsors.

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About Us

With deep expertise in insurance, reinsurance and digital assets, Tokenized Re is reimagining ILS with products designed to appeal to the rapidly expanding digital asset market.

Arabella Eunju Kim

President of Gluefi Inc. with over two decades of experience across (re)insurance, digital assets, and alternative capital markets.
Formerly at Munich Reinsurance for 10 years, leading Web3, InsurTech, and Capital Partners initiatives. Recognized globally as an InsurTech expert and innovator bridging traditional finance with institutional grade digital asset markets.

Brad Gow

Senior professional lines insurance executive with extensive underwriting and product development experience. Recognized industry leader in cyber risk insurance.

Opening the insurance-linked


securities market to all

Tokenized Re is democratizing the insurance-linked securities market for the benefit of both investors and risk originating insurance and reinsurance companies.

Catastrophe bonds have traditionally been used by sophisticated institutional investors to enhance returns on conservatively managed portfolios. Simplifying these products will radically improve accessibility.

Making them available on a blockchain will attract the rapidly growing class of digital asset investors looking for regulated, high yield alternatives that are uncorrelated with the financial markets or the larger economy.

The Challenge

Select areas of the insurance market where reinsurance and traditional ILS approaches are less effective, leading to uncertainty and higher pricing.

These include:

Difficult-to-model risks like cyber and terrorism, with limited historical loss data

Catastrophe-exposed geographies with extreme concentrations of value, including Southern Florida (wind) and Japan’s Tokyo metropolitan area (earthquake)

The Opportunity

Investment-grade catastrophe bonds structured like other fixed income products and based on a blockchain to attract a new class of digital asset investors.


This growing digital capital pool includes:

$240 billion+

in stablecoin reserves

$100 billion+

in corporate Bitcoin treasuries

$130 billion+

in decentralized finance

$25 billion+

in tokenized RWAs, including tokenized money market funds

See the numbers

Traditional ILS

$121 billion

Growth: 8–10% p.a., (2005–2025)

Stablecoin Treasuries / Tokenized Real World Assets

$313 billion

Growth: 66%, (2025)

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