Frequently Asked Questions
Is DeltaCat Re a cryptocurrency?
No.
DeltaCat Re is not a cryptocurrency.
It is an asset-backed security, compliant with U.S. Securities law, that has been digitized to provide easier access to investors.
The assets backing the security are fully collateralized reinsurance contracts underwritten by Oxbridge Re’s regulated reinsurance subsidiaries.
Is DeltaCat Re a non-fungible token (NFT)?
No.
DeltaCat Re is not an NFT.
Is DeltaCat Re a utility token?
No.
DeltaCat Re is not a utility token.
Is DeltaCat Re an ERC-20 token?
Yes.
The DeltaCat Re security was digitized in the form of an ERC-20 fungible token.
Where is ownership of DeltaCat Re securities recorded?
SurancePlus has hired an SEC-registered transfer agent which will maintain records of the ownership of issued securities.
The ownership of issued digital securities will also be recorded on the Avalanche blockchain.
Will SurancePlus offer a digital security custody solution to investors?
No.
The SEC-registered transfer agent hired by SurancePlus will maintain records of the ownership of issued securities.
However, investors that wish to self-custody their digital securities can use their ERC-20 or WalletConnect compatible wallet.
Can investors fund their investor portal accounts with stablecoins?
Yes.
Investors can fund their account on the Investor Portal (now closed) with USDC.
However, payment for the DeltaCat Re digital security will be converted to USD because assets that will be placed in trust accounts to collateralize reinsurance contracts will only be fiat.
Will the DeltaCat Re digital security be made available to US investors?
Yes.
The DeltaCat Re digital security will be offered to U.S. accredited investors under Rule 506(c) of SEC Regulation D of the US Securities Act of 1933, as amended.
Will US investors need to complete accreditation?
Yes.
Will the DeltaCat Re digital security be made available to non-US Investors?
Yes.
The DeltaCat Re digital security will be offered to non-U.S. persons under Regulation S of the Securities Act of 1933, as amended.
Do both US and Non-US investors need to complete Know Your Customer checks?
Yes.
Is Oxbridge Re a publicly traded company?
Yes.
Oxbridge Re is a publicly traded company listed on the NASDAQ under ticker symbol OXBR.
Where can I find Oxbridge Re’s public company filings?
Oxbridge Re’s company information and filings can be found on the SEC’s website here: Oxbridge RE SEC filings.
Where can I find Oxbridge Re’s Form 8-K SEC filing about the DeltaCat Re digital security?
The SEC filing can be found here: Oxbridge Re Form 8-K.