Tokenized catastrophe bonds target the disaster-insurance gap

60-second summary

A planned Bermuda issuance tokenizes catastrophe bonds, placing legal ownership on‑chain to attract capital for high‑cost disaster risks that traditional insurers avoid. By digitizing these bonds, the project aims to broaden investor access, lower transaction costs, and create transparent pricing for catastrophe coverage, potentially narrowing the disaster‑insurance gap and spurring growth in blockchain‑enabled risk markets.