OnRe has entered the top 20 asset managers in the digital assets sector, marking another milestone for one of Solana’s fastest-growing RWA projects.
The rwa.xyz asset manager leaderboard shows OnRe ranked 19th out of 89 tracked managers, with $232.6 million in distributed RWA value. The ranking places OnRe alongside some of the largest names in finance, including Circle, BlackRock, Franklin Templeton, and Tether.
Ayyan Rahman, OnRe’s Chief Strategy Officer, highlighted the milestone on X and said the company is already aiming higher.
“OnRe has now entered top 20 asset managers in the Digital Assets world,” Rahman wrote. “Goal is top 10 within a year. I believe with the introduction of better reserving, transparency, and utility across DeFi its very likely.”
Unlike conventional DeFi yield products that rely heavily on token incentives or liquidity programs, OnRe’s flagship asset, ONyc, is designed to give users exposure to returns generated from real-world reinsurance underwriting and collateral yield. The asset can also be used across Solana DeFi, including as collateral, liquidity, or part of more advanced yield strategies.
The ranking comes shortly after OnRe announced that it had surpassed $200 million in assets under management, positioning the company as a major player in bringing reinsurance yield onchain through Solana-based infrastructure.
Bart Hillerich
OnRe CEO Dan Roberts recently described the company’s growth as part of a broader shift in how capital markets may interact with onchain asset management.
“We also take stock of this responsibility as we continue to develop the standard for how all of capital markets can interact more efficiently with this asset class,” Roberts said after OnRe crossed the $200 million AUM mark.
