Abacus Tokenizes Life Insurance Assets as $224B Market Moves Onchain
Abacus Tokenizes Life Insurance Assets as $224B Market Moves Onchain.
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Abacus Global Management (NYSE: $ABX) is moving part of the secondary life insurance market onchain, using blockchain infrastructure to track ownership, liens and cash-flow rights across its portfolio.
The company said more than 100 in-force policies have already been tokenized, with its full balance sheet portfolio expected to move onchain by the end of 2026. Future policy originations are also set to enter the same structure.
Abacus is targeting an asset class estimated at $224 billion in the secondary market, where policy transfers still require buyers to review ownership records, beneficiary assignments, servicing histories, and other documents before a transaction can close.
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The new system is designed to create an immutable record of each policy's chain of title, liens and cash-flow rights while keeping supporting documents offchain. Abacus expects the structure to reduce repeated diligence and shorten parts of the transaction process from weeks to days.
Smart contracts could also be used to support premium servicing, policy tracking, cash-flow distributions and investor reporting. The company said the infrastructure may eventually widen access for qualified international institutions and family offices looking for exposure to life insurance assets.
CEO Jay Jackson called tokenization a "natural extension" of the operating platform Abacus has built over the past two decades. He said the goal is to give institutional investors the speed and confidence they already expect from other modern asset classes.
The project is being developed inside Abacus' existing investment platform. Blockchain partners, target asset volumes and additional milestones have not yet been disclosed.
Tokenization has so far been dominated by Treasuries, funds and private credit. Abacus is taking the model into a less familiar corner of finance, where the value proposition is less about creating a new asset and more about making an existing one easier to verify, service and transfer.
Abacus Global Management Inc. (NYSE: ABX) is currently trading at $11.80 U.S. per share.
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