Core Insights - Ripple has announced a development roadmap for the XRP Ledger (XRPL), which includes significant upgrades aimed at making it more appealing for financial institutions to manage and deploy capital [1] Group 1: Upgrades to XRPL - The XRPL will introduce permissioned decentralized exchanges (DEXs) to address regulatory compliance issues faced by institutional investors, allowing trading within a controlled environment where participant identities are verifiable [4] - The new DEX capabilities will enable tokenized asset holders to trade while ensuring compliance, which is expected to increase demand for XRP as it will be required for transaction fees [5] Group 2: Native Lending Features - XRPL is set to launch protocol-level lending features designed for institutional use, which will fill a gap in the ecosystem by providing XRP holders with opportunities to earn on-chain yield [6][7] - The introduction of lending features is anticipated to attract more capital to the XRPL, further enhancing the value of XRP [7]

Core Insights - Robinhood, valued at approximately $76 billion, is launching its own blockchain named Robinhood Chain, aiming to integrate traditional finance (TradFi) with decentralized finance (DeFi) [1] Group 1: Blockchain Launch and Features - Robinhood's new Layer 2 (L2) blockchain, announced on February 10, leverages Arbitrum's technology and is fully compatible with Ethereum, allowing for the tokenization of real-world assets (RWAs) [2] - The Robinhood Chain is powered by Arbitrum Orbit, which enhances performance, reduces fees, and ensures security through Ethereum, processing transactions in batches for efficiency [3] - The chain embeds compliance at the protocol level, ensuring regulatory adherence for tokenized assets like equities and ETFs, with over 1,000 tokenized assets already available in the EU [3] Group 2: Developer Access and Tools - Developers can access testnet-only assets in an Ethereum Virtual Machine (EVM) environment, utilizing tools and APIs to create innovative DeFi applications that integrate tokenized stocks and ETFs [4] - Robinhood has partnered with Chainlink as its oracle provider to ensure reliable pricing and settlements, mitigating risks associated with bridge exploits and sequencer downtime [4] Group 3: Market Position and Competition - RWA tokenization is a significant trend in the upcoming 2025-26 bull cycle, attracting interest from major players like BlackRock [5] - Robinhood's L2 testnet enables on-chain trading of real stocks and ETFs, offering 24/7 trading with low fees while maintaining regulatory compliance, bridging TradFi and DeFi [6] - The rebranding of securities tokenization to RWAs has increased adoption, particularly among institutional investors, positioning Robinhood Chain in a competitive L2 landscape alongside Arbitrum and Optimism, with Coinbase's Base as a notable rival [7]

Core Viewpoint - Oxbridge Re Holdings Limited is actively participating in global events to promote its tokenized reinsurance offerings, highlighting the growing institutional demand for high-yield, uncorrelated assets [1][2]. Group 1: Company Initiatives - The company, along with its subsidiary SurancePlus, will attend premier global events in Abu Dhabi to showcase tokenized reinsurance as a compelling asset class [1][2]. - Oxbridge aims to expand institutional access to tokenized reinsurance, which is characterized as a high-yield asset class that is uncorrelated with global capital markets [1][3]. Group 2: Event Details - The Abu Dhabi Finance Week (ADFW) will feature over $62 trillion in assets under management, focusing on AI-driven innovation and blockchain adoption [4]. - The Global Blockchain Show is expected to attract over 5,000 attendees and 200 speakers, providing direct access to sovereign wealth funds and institutional decision-makers [5]. - Solana Breakpoint 2025 will gather founders and institutions from over 100 countries, emphasizing revenue and real-world adoption of tokenized RWAs [6]. Group 3: Performance Metrics - The EtaCat Re is projected to outperform its 20% targeted return, currently tracking approximately 25% [9]. - The ZetaCat Re is on track to achieve its 42% targeted return [9]. Group 4: Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and specializes in offering tokenized Real-World Assets (RWAs) as reinsurance securities [7]. - The company has developed the first "on-chain" reinsurance RWA, democratizing access to reinsurance as an alternative investment for both U.S. and non-U.S. investors [10].

Core Insights - Oxbridge Re Holdings Limited reported its financial results for the three and nine months ended September 30, 2025, highlighting its leadership in digitizing reinsurance securities as tokenized real-world assets [1] Financial Performance - For the quarter ended September 30, 2025, net premiums earned decreased to $555,000 from $595,000 for the same quarter in 2024, attributed to a lower weighted average rate on reinsurance contracts [6] - For the nine-month period ended September 30, 2025, net premiums earned increased to $1.73 million from $1.71 million for the same period in 2024, due to a higher weighted average rate on reinsurance contracts [7] - The net loss for the quarter ended September 30, 2025, was $187,000, or ($0.02) per share, compared to a net loss of $540,000, or ($0.09) per share, for the same quarter in 2024 [8] - The net loss for the nine-month period ending September 30, 2025, was $2.19 million, or ($0.30) per share, compared to a net loss of $2.27 million, or ($0.37) per share, for the same period in 2024 [9] - Total expenses for the quarter ended September 30, 2025, increased to $815,000 from $498,000 for the same quarter in 2024, primarily due to increased professional costs [10] - Total expenses for the nine-month period ending September 30, 2025, rose to $4.99 million from $1.67 million for the same period in 2024, driven by increased professional costs and other operational expenses [11][12] Tokenized Reinsurance Performance - SurancePlus's Balanced Yield Token (EtaCat Re) is tracking approximately 25%, exceeding its target of 20%, while the High Yield Token (ZetaCat Re) remains on track to meet its 42% target [2][5] - The performance reflects a disciplined underwriting approach and demonstrates the potential for tokenized reinsurance to deliver consistent, uncorrelated returns within the $750 billion total addressable market [2] Financial Ratios - The loss ratio remained consistent at 0% for the three-month period ended September 30, 2025, but increased to 132.4% for the nine-month period, due to a full limit loss on a reinsurance contract affected by Hurricane Milton [14] - The acquisition cost ratio remained stable at 11.0% for both the quarter and nine-month periods ending September 30, 2025 [15] - The expense ratio increased to 146.8% for the three-month period and 156.2% for the nine-month period ending September 30, 2025, reflecting higher operational costs [16] - The combined ratio increased to 146.8% for the three-month period and 288.6% for the nine-month period ending September 30, 2025, indicating a decline in underwriting performance [17] Future Outlook - The company is considering introducing regular dividend payouts on its security-backed CatRe tokens, moving away from a purely annual payout model [4]

DeFi & Tokenized Assets - Ondo Finance and BNB Chain are collaborating to discuss the future of DeFi and tokenized markets in an AMA [1] - PancakeSwap is partnering with Ondo Finance to introduce over 100 tokenized real-world assets (RWAs) including stocks, bonds, and ETFs on BNB Chain [1] Trading & Incentives - Tokenized assets can now be traded on PancakeSwap with zero fees for the first 30 days [2]

Real-World Asset (RWA) Tokenization - The total value of tokenized real-world assets (RWAs) on Solana has exceeded $800 million, reaching a new all-time high [1]

Partnerships & Integrations - PancakeSwap is partnering with Ondo Finance to introduce over 100 tokenized real-world assets (RWAs) including stocks, bonds, and ETFs to BNB Chain [1] Platform Updates - PancakeSwap is offering zero-fee trading on tokenized assets for the first 30 days [1]

Core Viewpoint - XRP has experienced a 15% decline over the past three months but has surged by 410% over the past year, leading to investor uncertainty regarding its future performance [1] Group 1: Long-term Potential - XRP offers financial institutions faster transaction settlements, reduced pre-funding needs for cross-border transfers, and regulatory compliance tools, making it a compelling option for managing assets [3] - Ripple, the issuer of XRP, operates a payments network that covers over 90% of daily foreign exchange markets and has processed more than $70 billion in cumulative volume, providing significant operational scale [4] - The tokenized real-world assets (RWAs) market is growing rapidly, with XRP currently holding a small share valued at approximately $362 million, positioning XRPL to capture asset management workflows with high regulatory compliance needs [5] - The combination of utility, integrations, RWA management, and regulatory tools suggests that XRP has strong potential for value appreciation as financial institutions seek its unique features [6] Group 2: Competitive Challenges - The case for selling XRP is based on the increasing competition it faces, particularly as banks develop their own digital asset transfer systems [7] - Recent performance of XRP has been lackluster, despite its strong long-term outlook, which raises concerns about its immediate value proposition [8] - Major banks, such as JPMorgan Chase, are launching their own platforms for cross-border payments, which could hinder the adoption of third-party cryptocurrencies like XRP [9]

As filed with the United States Securities and Exchange Commission on October 20, 2025. TABLE OF CONTENTS Registration No. 333-289815 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 to FORM S-1 (Address of principal executive offices) (I.R.S. Employer Identification No.) 95816 (Zip Code) (818) 683-2765 (Registrant's telephone number, including area code) (Exact name of registrant as specified in its charter) (State or other jurisdiction of Alberta, Canad ...

Core Insights - KAIO, a tokenization firm backed by Brevan Howard and Nomura Bank's Laser Digital, is expanding its tokenized funds to the Sei network in response to growing demand for real-world assets [1][4] Company Summary - KAIO, previously known as Libre Capital, has issued over $200 million in assets, including tokenized versions of feeder funds from Brevan Howard, Hamilton Lane, Laser Digital, and BlackRock, with plans to broaden access to more strategies [2] - The integration with Sei will initially feature tokens representing shares in the BlackRock ICS US Dollar Liquidity Fund and Brevan Howard Master Fund, allowing these tokens to be used within DeFi applications as collateral and liquidity reserves [5] Industry Summary - The Sei Network is designed for high-speed financial transactions, providing the infrastructure necessary for KAIO's tokenized funds [3] - The trend of tokenizing real-world assets (RWAs) is on the rise, with traditional investments like bonds and funds being represented as digital tokens, which promise faster settlements and integration with decentralized finance [4] - Industry estimates suggest that the total addressable market for tokenized RWAs could reach trillions of dollars, indicating significant growth potential in this sector [4]