Tokenized cat bond push aims to open funding for uninsured disaster risk

Harneys, a global law firm, and tokenization platform DropRWA plan to issue a tokenized catastrophe bond in early 2027 with legal ownership recorded on-chain, CoinDesk reported. According to Swiss Re, insured losses covered just $107 billion of $220 billion in global natural disaster losses last year. While traditional catastrophe bonds have typically catered to large institutions with minimum investments of $250,000, the tokenized structure is intended to broaden fractional access to the asset and expand access to capital. It is also expected to serve as a dedicated funding channel for high-risk disasters such as floods and typhoons in Southeast Asia, where limited loss data has often kept traditional reinsurers away.