OnRe, Backed by Ethena, Solana Ventures, and RockawayX Launches Structured Yield Product Combining Real-World Stability and On-Chain Upside

LONDON, May 22, 2025 /PRNewswire/ -- Today, OnRe, the leading regulated on-chain reinsurance company, launches its ONe token. ONe is an accumulating token for LPs, currently offering projected returns of up to 40.35% consisting of reinsurance performance, collateral yield, and token incentives. OnRe unlocks previously inaccessible yield from the $750 billion global reinsurance market, and combines it with the digital asset market's unique return attributes, resulting in a stable and scalable product.

Through its partnership with Ethena, OnRe allows users to deposit sUSDe into a reinsurance pool on Solana. Deposited sUSDe flows into a balanced reinsurance portfolio, carefully underwritten by OnRe's underwriting and actuarial experts, then allocated across diversified insurance lines to generate uncorrelated yields. This enables on-chain capital markets to utilize this real-world asset class as liquid collateral across the ecosystem.

"OnRe provides the perfect real-world use case for sUSDe, allowing over $6bn in stable capital to earn additional, meaningful yield by deploying into one of the world's most established financial systems. This partnership sets the stage for a new era of capital efficiency, transforming deposits into productive, yield-generating assets while opening a market that has long been out of reach for most investors." — Guy Young, Founder of Ethena Labs.

OnRe's blockchain-native structured product unlocks capabilities unreplicable in traditional finance, including upside participation through on-chain funding rates and integrations with other DeFi protocols to enhance capital efficiency.

In bearish markets, OnRe delivers consistent, stable yield through reinsurance exposure, independent of crypto and equity downturns. In bullish conditions, elevated on-chain funding rates and token incentives from sUSDe and the $ONRE protocol token offer meaningful upside potential.

ONe is directly tied to a regulated, revenue-generating business, setting it apart from DeFi tokens that rely on emissions or abstract governance mandates. Its value is linked to TVL, backed by real-world underwriting, and aligned with long-term platform growth. The project's revenue dynamics are appealing, with the ability to generate the same income from $10M in TVL as a $500M money market fund.

Rising on-chain capital flows, driven by stablecoin adoption and investor demand for lower-volatility yield, make for ideal launch timing. With support from RockawayX, a seed investor in Solana and backer of 15+ of the ecosystem's leading projects, and the Solana Foundation, OnRe's integration roadmap will offer pool investors the potential for additional returns through DeFi composability, such as the ability to use the pool deposit receipt as borrow collateral on lending platforms.

"We pursue DeFi products that offer a substantially superior risk and return profile or user experience to traditional alternatives, and OnRe definitely fits the bill, with predictable returns in bearish environments, and meaningful upside in bullish times. Active participants will leverage OnRe's integrations across Solana DeFi, with projects like Kamino, Exponent, and Fragmetric, making reinsurance a key on-chain portfolio building block. Better yet, the reinsurance industry is sorely in need of a digital lift, and we see OnRe accelerating a leapfrog step forward." — Samantha Bohbot, Partner & Chief Growth Officer of RockawayX.

"Innovation doesn't happen overnight or in isolation. The launch of OnRe is the result of powerful partnerships and scalable technology, creating something genuinely new in digital assets and insurance. It's a model that's rigorously tested, securely designed, and fully compliant. I'm excited to see ONe scale as a reliable collateral asset year-round, giving digital asset markets access to the strong, stable returns of insurance — one of the world's largest and most profitable industries." — Dan Roberts, Co-Founder and CEO of OnRe.

Backed by deep expertise and full regulatory approval, OnRe sets a new benchmark for allocators seeking reliable, cycle-resilient returns. Visit onre.finance for early investor incentives and and sign up to secure first access to upcoming rewards.

About OnRe
OnRe bridges the reliability of the $750bn global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to generate returns in both bull and bear markets — creating a return profile not replicable in traditional finance. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach.

Contact:
Sarah George
Heads of Operations
sarah@onre.finance 

LONDON, May 22, 2025 /PRNewswire/ -- Today, OnRe, the leading regulated on-chain reinsurance company, launches its ONe token. ONe is an accumulating token for LPs, currently offering projected returns of up to 40.35% consisting of reinsurance performance, collateral yield, and token incentives. OnRe unlocks previously inaccessible yield from the $750 billion global reinsurance market, and combines it with the digital asset market's unique return attributes, resulting in a stable and scalable product.

Through its partnership with Ethena, OnRe allows users to deposit sUSDe into a reinsurance pool on Solana. Deposited sUSDe flows into a balanced reinsurance portfolio, carefully underwritten by OnRe's underwriting and actuarial experts, then allocated across diversified insurance lines to generate uncorrelated yields. This enables on-chain capital markets to utilize this real-world asset class as liquid collateral across the ecosystem.

"OnRe provides the perfect real-world use case for sUSDe, allowing over $6bn in stable capital to earn additional, meaningful yield by deploying into one of the world's most established financial systems. This partnership sets the stage for a new era of capital efficiency, transforming deposits into productive, yield-generating assets while opening a market that has long been out of reach for most investors." — Guy Young, Founder of Ethena Labs.

OnRe's blockchain-native structured product unlocks capabilities unreplicable in traditional finance, including upside participation through on-chain funding rates and integrations with other DeFi protocols to enhance capital efficiency.

In bearish markets, OnRe delivers consistent, stable yield through reinsurance exposure, independent of crypto and equity downturns. In bullish conditions, elevated on-chain funding rates and token incentives from sUSDe and the $ONRE protocol token offer meaningful upside potential.

ONe is directly tied to a regulated, revenue-generating business, setting it apart from DeFi tokens that rely on emissions or abstract governance mandates. Its value is linked to TVL, backed by real-world underwriting, and aligned with long-term platform growth. The project's revenue dynamics are appealing, with the ability to generate the same income from $10M in TVL as a $500M money market fund.

Rising on-chain capital flows, driven by stablecoin adoption and investor demand for lower-volatility yield, make for ideal launch timing. With support from RockawayX, a seed investor in Solana and backer of 15+ of the ecosystem's leading projects, and the Solana Foundation, OnRe's integration roadmap will offer pool investors the potential for additional returns through DeFi composability, such as the ability to use the pool deposit receipt as borrow collateral on lending platforms.

"We pursue DeFi products that offer a substantially superior risk and return profile or user experience to traditional alternatives, and OnRe definitely fits the bill, with predictable returns in bearish environments, and meaningful upside in bullish times. Active participants will leverage OnRe's integrations across Solana DeFi, with projects like Kamino, Exponent, and Fragmetric, making reinsurance a key on-chain portfolio building block. Better yet, the reinsurance industry is sorely in need of a digital lift, and we see OnRe accelerating a leapfrog step forward." — Samantha Bohbot, Partner & Chief Growth Officer of RockawayX.

"Innovation doesn't happen overnight or in isolation. The launch of OnRe is the result of powerful partnerships and scalable technology, creating something genuinely new in digital assets and insurance. It's a model that's rigorously tested, securely designed, and fully compliant. I'm excited to see ONe scale as a reliable collateral asset year-round, giving digital asset markets access to the strong, stable returns of insurance — one of the world's largest and most profitable industries." — Dan Roberts, Co-Founder and CEO of OnRe.

Backed by deep expertise and full regulatory approval, OnRe sets a new benchmark for allocators seeking reliable, cycle-resilient returns. Visit onre.finance for early investor incentives and and sign up to secure first access to upcoming rewards.

About OnRe
OnRe bridges the reliability of the $750bn global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to generate returns in both bull and bear markets — creating a return profile not replicable in traditional finance. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach.

Contact:
Sarah George
Heads of Operations
sarah@onre.finance 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

OnRe, Backed by Ethena, Solana Ventures, and RockawayX Launches Structured Yield Product Combining Real-World Stability and On-Chain Upside

MANCHESTER, England, Dec. 20, 2025 /PRNewswire/ -- Robert De Niro visited Manchester with fellow Nobu Hospitality founders Chef Nobu Matsuhisa and Meir Teper, joining Salboy on site to mark the Nobu Manchester groundbreaking and the next stage of the project's delivery.

• The ceremony was hosted by the Nobu Hospitality founders (Robert De Niro, Chef Nobu Matsuhisa and Meir Teper) and Salboy's co-founders (Fred Done and Simon Ismail).
• Ceremony marks the symbolic first step towards a 246-metre tower, expected to be the UK's tallest building outside London
• The tower will include a signature Nobu restaurant, a 160-room hotel and 452 Branded Residences
• Regenerates a 40,500 sq ft brownfield site in an industrially historic city centre location

The founders of Nobu Hospitality joined Salboy, the Manchester property development and funding company and leading Manchester developer, to celebrate the Nobu Manchester groundbreaking ceremony on the site of Manchester's newest skyscraper. The project represents a significant moment for UK property, bringing global hospitality and Branded Residences to Manchester.

Standing at 246 metres when it is expected to be completed in 2031, the tower will transform the fast-evolving Manchester skyline and bring a fresh new approach to sophisticated living and first-class dining to the city's residents and visitors.

Developed in a partnership between Nobu Hospitality, Salboy and construction firm Domis, the tower will be home to a signature Nobu restaurant (Nobu Manchester), a 160-room luxury hotel (Nobu Hotel Manchester), and 452 Branded Residences (Nobu Residences Manchester). Together, these assets will cater to property buyers, locals, and visitors seeking sophisticated living and hospitality experiences in the UK's fastest-growing city.

The partners have announced that the Nobu restaurant, serving a world-class and endlessly innovative Japanese dining experience, will be situated on the ground floor of the tower, among the site's original Grade 2 listed, Victorian viaduct arches. The vast brick arches will imbue the space with a strong sense of the city's industrial heritage, marrying centuries-old architecture with modern cuisines.

Chef Nobu Matsuhisa opened his first restaurant, Matsuhisa, in Los Angeles in 1987. After partnering with actor Robert De Niro, he opened the first Nobu restaurant in New York in 1994 and, since then, has taken his inimitable approach to creating memorable dining experiences in over 50 restaurants worldwide. In 2013, the first Nobu Hotel opened in Las Vegas, paving the way for Chef Nobu, Robert De Niro, and Meir Teper to bring Chef Nobu's famed attention to detail, innovation, and flair to luxury hotels and branded residences.

The Nobu Residences Manchester, a collection of Branded Residences, mark Nobu's entry into the UK's luxury real estate market. Not only will the residences on the upper levels be some of the highest apartments and penthouses in Western Europe, but every property will be designed with refined Japanese-inspired interiors, and residences will enjoy premium amenities, including an exclusive swimming pool, a podium garden offering panoramic views over the city, a gym, and access to Nobu dining.

The Salboy and Nobu Hospitality teams are collaborating with award-winning designers, Bowley James Brindley, to develop interiors that uniquely marry Nobu's commitment to elevated curated living experiences with a strong sense of Manchester's industrial and cultural heritage as well as its position on the contemporary world stage.

Chef Nobu Matsuhisa, Robert De Niro and Meir Teper, Nobu Hospitality's Shareholders, commented: "Breaking ground in Manchester is a defining moment for Nobu in the UK — our first venture beyond London, and the introduction of Nobu Residences to this market. This landmark project — encompassing a hotel, restaurant and residences — marks the debut of Nobu Residences in the United Kingdom. Manchester's global outlook and dynamic spirit align perfectly with the Nobu brand. We're proud to bring our signature hospitality, dining and design to the city, and excited to offer both guests and residents an authentic Nobu experience."

Fred Done, Co-founder of Salboy, said: "Ten years ago, Simon Ismail and I founded Salboy with a clear vision: to change Manchester's skyline. I believe we are doing just that. I've been fortunate to experience exceptional cuisine and hospitality around the world, which is why we chose Nobu as our partner to help realise that vision. Best in class, best in creativity, the best of the best. This is our pièce de résistance— exactly what we wanted to bring to Manchester, the city of firsts. This is why it's so fantastic to welcome Nobu to our wonderful city."

Simon Ismail, Co-founder and MD of Salboy, added: "Chef Nobu's 30-year influence on our culinary tastes can not be understated and I look forward with huge anticipation for the impact he and his team have on Manchester's established and ambitious dining scene. As a proud Salfordian too, I'm keen to see how Chef Nobu and his team blend local produce and influences from the Northwest's culinary heritage into the dishes and flavours they are famous for. Beyond the signature restaurant, which will look magnificent under the Victorian arches, being part of Nobu's journey to extend its leadership in the global luxury hospitality and property markets is an honour. Manchester deserves luxury accommodation to match its growing position on the international stage and the Nobu team has the imagination and track record to make that happen."

The event comes as Domis, a partner on the scheme, has started enabling works on site with intentions to start construction next year. Salboy expects to launch sales for Nobu Residences Manchester in 2026.

About Salboy

Salboy is an award-winning property company that develops and funds high quality housing and mixed-use developments across the UK. From city-centre skyscrapers to landscaped communities of family homes, Salboy unlocks the potential of regeneration-led sites to create thoughtful, inspiring places that will thrive for generations.

Founded in 2014 by Fred Done (founder of Betfred) and Simon Ismail, Salboy has delivered more than 4,000 new homes in sought-after city locations. The company has £2 billion of property in development, 76 active sites nationwide and a pipeline of projects worth more than £2 billion.

Salboy is Manchester and Salford's most recognisable and prolific developers, with 14 active city-centre sites across the two cities. The company previously launched Manchester's first branded residences and five-star hotel, W Hotel Manchester and W Residences Manchester, in partnership with Manchester United legend Gary Neville. From branded residences and luxury hotels to commercial space and affordable homes, Salboy is at the forefront of regeneration in the North West, creating places to live and work for the people who choose Manchester and Salford to study, build careers and put down roots.

www.salboy.com

 

 

 

 

 

 

 

 

MANCHESTER, England, Dec. 20, 2025 /PRNewswire/ -- Robert De Niro visited Manchester with fellow Nobu Hospitality founders Chef Nobu Matsuhisa and Meir Teper, joining Salboy on site to mark the Nobu Manchester groundbreaking and the next stage of the project's delivery.

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• The ceremony was hosted by the Nobu Hospitality founders (Robert De Niro, Chef Nobu Matsuhisa and Meir Teper) and Salboy's co-founders (Fred Done and Simon Ismail).
• Ceremony marks the symbolic first step towards a 246-metre tower, expected to be the UK's tallest building outside London
• The tower will include a signature Nobu restaurant, a 160-room hotel and 452 Branded Residences
• Regenerates a 40,500 sq ft brownfield site in an industrially historic city centre location

The founders of Nobu Hospitality joined Salboy, the Manchester property development and funding company and leading Manchester developer, to celebrate the Nobu Manchester groundbreaking ceremony on the site of Manchester's newest skyscraper. The project represents a significant moment for UK property, bringing global hospitality and Branded Residences to Manchester.

Standing at 246 metres when it is expected to be completed in 2031, the tower will transform the fast-evolving Manchester skyline and bring a fresh new approach to sophisticated living and first-class dining to the city's residents and visitors.

Developed in a partnership between Nobu Hospitality, Salboy and construction firm Domis, the tower will be home to a signature Nobu restaurant (Nobu Manchester), a 160-room luxury hotel (Nobu Hotel Manchester), and 452 Branded Residences (Nobu Residences Manchester). Together, these assets will cater to property buyers, locals, and visitors seeking sophisticated living and hospitality experiences in the UK's fastest-growing city.

The partners have announced that the Nobu restaurant, serving a world-class and endlessly innovative Japanese dining experience, will be situated on the ground floor of the tower, among the site's original Grade 2 listed, Victorian viaduct arches. The vast brick arches will imbue the space with a strong sense of the city's industrial heritage, marrying centuries-old architecture with modern cuisines.

Chef Nobu Matsuhisa opened his first restaurant, Matsuhisa, in Los Angeles in 1987. After partnering with actor Robert De Niro, he opened the first Nobu restaurant in New York in 1994 and, since then, has taken his inimitable approach to creating memorable dining experiences in over 50 restaurants worldwide. In 2013, the first Nobu Hotel opened in Las Vegas, paving the way for Chef Nobu, Robert De Niro, and Meir Teper to bring Chef Nobu's famed attention to detail, innovation, and flair to luxury hotels and branded residences.

The Nobu Residences Manchester, a collection of Branded Residences, mark Nobu's entry into the UK's luxury real estate market. Not only will the residences on the upper levels be some of the highest apartments and penthouses in Western Europe, but every property will be designed with refined Japanese-inspired interiors, and residences will enjoy premium amenities, including an exclusive swimming pool, a podium garden offering panoramic views over the city, a gym, and access to Nobu dining.

The Salboy and Nobu Hospitality teams are collaborating with award-winning designers, Bowley James Brindley, to develop interiors that uniquely marry Nobu's commitment to elevated curated living experiences with a strong sense of Manchester's industrial and cultural heritage as well as its position on the contemporary world stage.

Chef Nobu Matsuhisa, Robert De Niro and Meir Teper, Nobu Hospitality's Shareholders, commented: "Breaking ground in Manchester is a defining moment for Nobu in the UK — our first venture beyond London, and the introduction of Nobu Residences to this market. This landmark project — encompassing a hotel, restaurant and residences — marks the debut of Nobu Residences in the United Kingdom. Manchester's global outlook and dynamic spirit align perfectly with the Nobu brand. We're proud to bring our signature hospitality, dining and design to the city, and excited to offer both guests and residents an authentic Nobu experience."

Fred Done, Co-founder of Salboy, said: "Ten years ago, Simon Ismail and I founded Salboy with a clear vision: to change Manchester's skyline. I believe we are doing just that. I've been fortunate to experience exceptional cuisine and hospitality around the world, which is why we chose Nobu as our partner to help realise that vision. Best in class, best in creativity, the best of the best. This is our pièce de résistance— exactly what we wanted to bring to Manchester, the city of firsts. This is why it's so fantastic to welcome Nobu to our wonderful city."

Simon Ismail, Co-founder and MD of Salboy, added: "Chef Nobu's 30-year influence on our culinary tastes can not be understated and I look forward with huge anticipation for the impact he and his team have on Manchester's established and ambitious dining scene. As a proud Salfordian too, I'm keen to see how Chef Nobu and his team blend local produce and influences from the Northwest's culinary heritage into the dishes and flavours they are famous for. Beyond the signature restaurant, which will look magnificent under the Victorian arches, being part of Nobu's journey to extend its leadership in the global luxury hospitality and property markets is an honour. Manchester deserves luxury accommodation to match its growing position on the international stage and the Nobu team has the imagination and track record to make that happen."

The event comes as Domis, a partner on the scheme, has started enabling works on site with intentions to start construction next year. Salboy expects to launch sales for Nobu Residences Manchester in 2026.

About Salboy

Salboy is an award-winning property company that develops and funds high quality housing and mixed-use developments across the UK. From city-centre skyscrapers to landscaped communities of family homes, Salboy unlocks the potential of regeneration-led sites to create thoughtful, inspiring places that will thrive for generations.

Founded in 2014 by Fred Done (founder of Betfred) and Simon Ismail, Salboy has delivered more than 4,000 new homes in sought-after city locations. The company has £2 billion of property in development, 76 active sites nationwide and a pipeline of projects worth more than £2 billion.

Salboy is Manchester and Salford's most recognisable and prolific developers, with 14 active city-centre sites across the two cities. The company previously launched Manchester's first branded residences and five-star hotel, W Hotel Manchester and W Residences Manchester, in partnership with Manchester United legend Gary Neville. From branded residences and luxury hotels to commercial space and affordable homes, Salboy is at the forefront of regeneration in the North West, creating places to live and work for the people who choose Manchester and Salford to study, build careers and put down roots.

www.salboy.com

 

 

 

 

 

 

 

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Nobu Manchester breaks ground as Robert De Niro visits Manchester with Salboy

Nobu Manchester breaks ground as Robert De Niro visits Manchester with Salboy

Nobu Manchester breaks ground as Robert De Niro visits Manchester with Salboy

Nobu Manchester breaks ground as Robert De Niro visits Manchester with Salboy

Nobu Manchester breaks ground as Robert De Niro visits Manchester with Salboy