Oxbridge Re Holdings shares soar 13% after announcing tokenized securities

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• In the session after Oxbridge Re Holdings (NASDAQ:OXBR) announced the issue of tokenized reinsurance securities, the reinsurer's stock shot up 13% in Wednesday afternoon trading.
• DeltaCat RE Tokens indirectly represent fractionalized interests in reinsurance contracts. And Oxbridge Re's SurancePlus division estimates token holder could get annualized return of up to ~20%-40% in a profitable year.
• For some perspective, Oxbridge Re (OXBR) shares dropped ~52% in the past year, far worse than the 10% decline in the S&P 500.
• In December 2022, Reinsurance Group of America set up a $.7B longevity swap deal.