Harneys and droppRWA partner to bring on-chain legal title to Bermuda's $142B insurance-linked securities market
- droppRWA and Harneys are collaborating to introduce on-chain legal title for insurance-linked securities (ILS), specifically catastrophe bonds, in Bermuda.
- This initiative aims to address the gap in infrastructure for recording ownership in the $142 billion ILS market by legally linking tokenized ownership to underlying security title, enforceable under existing Bermuda law.
- The partnership leverages droppRWA's ledger technology and Harneys' legal expertise to create a compliant framework, with the first tokenized cat bond expected by Q1 2027.
Topics: Asset types, Legal regulatory, Infrastructure providers, Financial instruments, Securities law classification, Tokenization platforms
Tags: #insurancelinkedsecurities #catastrophebonds #onchainlegaltitle #dropprwa #harneys #bermuda #tokenization #legalframework #digitalassetbusinessact #sovereignledgertechnology
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