June 30 - (The Insurer) - Cayman Islands-based Oxbridge Re Holdings, which specialises in digitising reinsurance securities as tokenised real-world assets, has announced an update to its strategic business review aimed at enhancing shareholder value.
The company said it is assessing various strategic initiatives, including a potential carve-out and Nasdaq listing of its Web3 subsidiary, SurancePlus Holdings.
It is also considering financing transactions to bolster a digital asset treasury initiative and exploring related M&A opportunities.
Jay Madhu, CEO of Oxbridge Re, described the strategic initiatives as potentially transformative opportunities that could unlock substantial shareholder value.
“A separate listing for SurancePlus would provide dedicated access to Web3 and digital asset investors, while our treasury strategy could strengthen our balance sheet and create new revenue streams,” Madhu added.
Oxbridge Re initiated the review earlier this month.