NAYM Token Public Sale Goes Live, Giving Participants Access to $230 Billion Reinsurance Market

Nayms,
the
world’s
leading
crypto-native
reinsurance
marketplace,
has
announced the
governance
token
NAYM
has
gone
live
and
is
now
available
for
public
sale.
The
NAYM
token
capitalizes
the
Nayms
Liquidity
Facility
(NLF),
which
takes
positions
in
insurance
pools
and
works
with
market
makers
to
provide
liquidity
to
capital
providers
and
rewards
to
token
holders.

By
depositing
into
the
NLF,
token
holders
receive
an
increased
boost
factor
on
any
NAYM
tokens
staked
into
the
governance
pool.
As
a
governance
token,
stakers
can
actively
engage
in
the
Nayms
marketplace
in
a
meaningful
way,
from
how
much
the
NLF
should
invest
in
a
certain
program
to
the
preferred
ratio
of
NAYM
to
other
NLF
assets.
In
return,
stakers
receive
rewards
from
NLF
performance
in
recognition
of
their
contributions
to
the
administration
of
the
NLF.

As
the
insurance
industry
evolves,
tokenization
offers
a
unique
opportunity
for
institutional
investors
to
diversify
their
investment
portfolios
and
capitalize
on
the
growth
of
traditional
private
market
asset
classes.
Nayms’
opportunities
offer
investments
into
reinsurance
for
property
and
casualty
(P&C)
risks
like
cyber,
errors
and
omissions,
directors
and
officers
coverage,
crime
and
various
industry
loss
warranty
products.
This
exposure
is
typically
only
available
to
pension
funds,
private
equity
funds
and
other
major
institutional
investors.
Nayms
is
making
this
exposure
available
to
all
qualified
investors
through
tokenization,
accessible
in
their
wallets.

“The
NAYM
token
allows
anyone
to
join
our
global
insurance
network
and
participate
in
one
of
the
largest
industries
on
the
planet,
but
one
that
is
currently
still
very
closed
to
the
largest
institutional
allocators,”
said
Nayms
Co-Founder
and
CTO
Ted
Georgas.
“NAYM
provides
a
new
model
for
industry
collaboration
and
cooperation
through
governance
and
rewards
from
active
stakers, while
also
opening
up
new
capital
opportunities
in
untapped
insurance
markets.” 

Reinsurance
is
a
mechanism
where
insurance
companies
transfer
portions
of
their
risk
to
other
insurance
companies,
known
as
reinsurers.
This
process
helps
insurers
manage
their
risk
exposure,
stabilize
their
financial
performance,
and
maintain
capital
efficiency.
Reinsurance
expense
ratios
are
typically
5%-10%
of
premiums. PwC
data has
shown
that
blockchain
solutions
could
remove
15%
to
25%
of
expenses,
delivering
an
industry-wide
saving
of
$5-10
billion. 

After
one
of
the
most
active
and
deadliest
hurricane
seasons
in
recent
memory,
reinsurance
costs
will
undoubtedly
go
even
higher,
driving
greater
need
for
innovative
reinsurance
solutions.
In
addition
to
several
casualties,
hurricane
Helene
and
hurricane
Milton
are
each
estimated
to
be
$50
billion
disasters.
Efficient
and
effective
reinsurance
through
these
types
of
natural
disasters
helps
insurance
companies
quickly
and
fully
transmit
compensation
to
victims
without
experiencing
financial
failure
themselves.
Earlier
this
year,
Nayms
launched
an
industry
loss
warranty
(ILW)
contract
on
Coinbase
Ethereum
L2
Base,
which
allowed
for
a
Bermuda-regulated
segregated
account
structure
reinsuring
against
certain
weather-related
catastrophic
events
in
Florida.

Nayms
is
helping
to
create
a
fair
and
transparent
financial
system
while
proactively
shaping
the
future
of
on-chain
finance.
Nayms
has
played
a
pivotal
role
in
transforming
the
tokenized
asset
industry
by
bridging
traditional
insurance
markets,
insurtech
and
blockchain
technology,
unlocking
access
to
over
$2
trillion
in
alternative
capital
through
the
tokenization
of
real-world
insurance
programs.
By
accepting
stablecoins
and
fiat
as
collateral,
Nayms
broadens
access
to
tokenized
insurance,
driving
diversification
and
transparency
within
the
financial
system,
the
first
of
its
kind
and
one
of
the
few
fully
regulated
in
both
digital
assets
(DABA
Class
F)
and
insurance
(IIGB)
under
the
Bermuda
Monetary
Authority
(BMA).

For
more
information
about
the
NAYM
token
sale,
please
visit
https://www.naymtoken.com.

About
Nayms

Nayms
is
the
world’s
leading
crypto-native
(re)insurance
marketplace.
The
company
is
registered
as
a
segregated
accounts
company
in
Bermuda
under
the
Segregated
Accounts
Companies
Act
of
2000
and
holds
a
Class
F
license
under
the
Digital
Asset
Business
Act
of
2018
and
a
Class
IIGB
license
under
the
Insurance
Act
of
1978.
Nayms
serves
as
a
bridge
between
alternative
capital
and
a
wide
range
of
property
and
casualty
risks.
The
company
provides
the
technical
and
legal
infrastructure
for
relevant
stakeholders
—
including
insureds,
insurers,
brokers,
and
underwriters
—
to
come
together
to
capitalize
and
transfer
risk
on-chain.
Built
on
Ethereum
and
Base,
Nayms’
diverse
team
uses
smart
contracts
to
enable
on-chain
insurance
placement
and
crypto-native
transactions
for
collateral,
commissions,
premiums,
and
claims.

About
NAYM

NAYM
is
the
governance
token
of
the
Nayms
marketplace,
designed
to
capitalize
the
Nayms
Liquidity
Facility
(NLF).
The
NLF
functions
as
a
third-party
capital
provider,
selectively
offering
capital
to
insurance
programs
underwritten
by
Nayms.
Through
these
investments,
the
NLF
seeks
to
earn
distributions,
which
are
reinvested
to
generate
rewards
for
NAYM
token
holders.
Holders
of
NAYM
can
actively
engage
in
governance
by
participating
in
proposals,
discussions,
staking,
and
voting.
Active
involvement
in
the
governance
process
not
only
contributes
to
the
positive
performance
of
the
marketplace
but
also
allows
participants
to
receive
rewards
from
the
NAYM
governance
pool.

NAYM
tokens
are
issued
by
NAYM
Systems
Limited,
a
company
incorporated
in
the
British
Virgin
Islands
with
business
company
number
2146249,
whose
registered
office
is
at
Rodus
Building,
P.O.
Box
3093,
Road
Town,
Tortola,
VG1110,
British
Virgin
Islands.

Media
contact:

[email protected]

Disclaimer:
This
press
release
is
for
informational
purposes
only
and
does
not
constitute
investment
advice
or
an
offer
to
invest.