SurancePlus, a subsidiary of Oxbridge Re Holdings Limited, is expanding its reinsurance tokenization operations through a newly announced collaboration with the Midnight Foundation.
The partnership introduces SurancePlus to the Midnight blockchain network, which is designed to support privacy-compliant transactions using zero-knowledge proof technology.
The Midnight Foundation is the organization supporting the Midnight blockchain, developed by Shielded Technologies, a subsidiary of Input Output Global – the company behind the Cardano blockchain. Midnight allows entities to process transactions involving sensitive data while maintaining regulatory compliance, using architecture that supports selective data disclosure.
Through this integration, SurancePlus plans to make its tokenized reinsurance securities available on Midnight, offering institutional investors and regulated entities a platform that combines transactional confidentiality with the ability to meet audit and reporting requirements. These tokenized securities represent a form of real-world assets (RWAs) made available through blockchain technology.
According to Jay Madhu, CEO of Oxbridge Re, the collaboration allows the company to align its regulatory standing as a Nasdaq-listed entity with tools that support data privacy for digital assets.
“This joint offering will combine the strong regulatory foundation of a Nasdaq-listed company with the transactional privacy many investors are seeking," said Madhu.
Midnight Foundation president Fahmi Syed said that the initiative supports the blockchain’s application for real-world finance.
“Their leadership and vision in tokenized reinsurance aligns perfectly with Midnight’s mission to enable private, compliant, real-world applications of blockchain technology,” said Syed. “Together, we are enabling the future of confidential financial instruments."
The integration enables features such as private onboarding of investors, shielded transaction data, and auditability without compromising confidentiality. Midnight also supports multi-chain operations and programmable privacy, providing flexibility for institutions managing tokenized RWAs.
Last March, SurancePlus partnered with blockchain platform Plume to expand distribution of its 2025-2026 digital securities, EtaCat Re and ZetaCat Re, which target annual returns of 20% and 42%, respectively.
SurancePlus offers fully collateralized digital reinsurance products to qualified US and international investors. By moving its offering to Midnight, the firm intends to deliver asset-backed digital instruments with privacy configurations tailored for regulated financial environments.
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