DeFi· ★★★· neutral·

Tokenized catastrophe bonds target the disaster-insurance gap

  • —The planned issuance is set to take place in Bermuda
  • —Legal ownership of the bonds would be recorded onchain
  • —Proceeds would target disaster risks that are expensive to insure
Why it matters: It extends tokenization into catastrophe insurance, potentially opening a new large RWA segment.
Source: CoinDesk