What Re does

Re operates the Re Protocol, an onchain reinsurance marketplace that connects stablecoin capital to fully collateralized, regulated quota-share reinsurance treaties. The platform is built around three tokenized products: reUSD, a yield-bearing stablecoin paying 6.2% APY backed by real insurance premiums; reUSDe, a higher-yield token (12.1% APY) integrated with Morpho lending markets; and $RE, a fixed-supply ERC-20 governance token launched in June 2026 that governs protocol upgrades, risk parameters, and participant admission standards. The core infrastructure spans Ethereum mainnet, Avalanche, and Arbitrum, with planned expansion to Solana (via Stargate) and Plasma, and uses Chainlink-based daily reserve attestations, MPC-controlled smart contracts, and Fireblocks institutional custody to deliver verifiable, machine-readable reinsurance exposure.

Underwriting risk sits on the regulated side of the stack: Cover Reinsurance SPC Ltd., a Cayman Islands Class B(iii) licensed exempted segregated portfolio company, underwrites quota-share treaties with more than 30 licensed U.S. insurance carriers across homeowners, commercial auto, small business commercial, workers compensation, and personal auto lines. The Cover Re portfolio totals $510.5M in bound premiums, providing coverage for approximately 700,000 to nearly 1 million U.S. households, with all reserves held in segregated Regulation 114 trusts backed by 100% cash and investment-grade assets. Re earns revenue through a combination of issuance/redemption fees, management fees on tokenized positions, structured product fees tied to reinsurance capacity, and the spread between reinsurance premium yields and token APYs paid to depositors.

Re serves two primary customer bases in parallel: DeFi yield seekers depositing USDC and USDT on app.re.xyz (live on Coinbase's Base L2) to earn yield backed by real insurance premiums, and licensed U.S. insurance carriers seeking reinsurance capacity with faster settlement and transparent reserves. The protocol is operated by Resilience Foundation Company (Cayman Islands), with affiliate entities Resilience (BVI) Ltd and Resilience Inv SPC providing administrative and custody functions, and Resilience Core Ltd (BVI) serving as the $RE token issuer. The company has raised a 2022 seed, 2024 venture, and 2025 strategic round (with a separate disclosed 2022 round of $14M from Blizzard Fund, Defy.vc, Exor, Framework Ventures, Morgan Creek Digital, SiriusPoint, Stratos, and Tribe Capital), plus a June 2026 strategic investment from Coinbase Ventures.

Name

Re

Legal name

Resilience Foundation Company

Website

https://re.xyz

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Re operates an onchain reinsurance protocol connecting global stablecoin capital to fully collateralized, regulated quota-share treaties underwritten by licensed U.S. carriers, serving DeFi yield seekers via reUSD and reUSDe tokens and insurance carriers seeking transparent reinsurance capacity.

Ownership category

akta.pro rank

Product category

Decentralized Reinsurance Protocol

NAICS

Reinsurance Carriers (52413), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)

akta.pro secondary industries

Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Reserve Management, Custody & Segregated Accounts (Backing Infrastructure) (FSADADAD), Reinsurance Pool / Facility Treaty Participation (FSAOAEAL)

Keywords

• Reinsurance protocol
• Yield-bearing stablecoin
• Onchain reinsurance
• Decentralized insurance capital
• DeFi yield products

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Revenue generated from real-world reinsurance activity through quota-share reinsurance treaties. Insurance premiums are the primary yield source for reUSD and reUSDe token holders.
2. Structured Product Fees: Fees from structured products tied to reinsurance capacity.
3. Issuance and Redemption Fees: Fees attached to onchain capital products like reUSD and reUSDe for minting and redemption transactions.
4. Management Fees: Ongoing management fees from onchain capital products and surrounding infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Re operates the Re Protocol, an onchain insurance capital layer that connects stablecoin capital to fully collateralized, regulated quota-share reinsurance programs through licensed insurance structures. It issues tokenized yield-bearing stablecoins (reUSD and reUSDe) backed by real insurance premiums from U.S. carriers and underwriters, with a $RE governance token coordinating the protocol. All regulated reinsurance activities are conducted by Cover Reinsurance SPC Ltd., a Cayman Islands Class B(iii) licensed entity.

Product overview

Re operates the Re Protocol — an onchain reinsurance marketplace connecting real-world reinsurance capital with decentralized finance. The core product portfolio consists of three tokenized products: reUSD (yield-bearing stablecoin, 6.2% APY, backed by insurance premiums), reUSDe (enhanced yield-bearing token, 12.1% APY, integrated with Morpho lending market), and $RE (governance token for protocol upgrades, risk parameters, and participant standards). These are powered by the Insurance Capital Layer — a multi-EVM smart contract infrastructure (Ethereum, Avalanche, Arbitrum) with Chainlink attestations, Fireblocks custody, and Hedgey Finance token distribution. The regulated reinsurance operations run under the Cover Re brand (Cover Reinsurance SPC Ltd., Cayman Class B(iii) licensed), channeling institutional and onchain capital into fully collateralized quota-share treaties. Supporting tools include a Points Program (eligibility for $RE distribution) and public Metrics and Capital Strategy dashboards.

Differentiator

Problem solved

Functional benefit

Brands

• reUSD: Yield-bearing stablecoin backed by real insurance premiums, live on Base network accepting USDC deposits
• reUSDe
• $RE

Products and services

• reUSD Yield-bearing stablecoin backed by real insurance premiums from fully collateralized reinsurance treaties; depositors earn yield derived from premiums paid by carriers covering U.S. policyholders. Available to non-U.S. persons on Base (Coinbase L2).
• reUSDe Enhanced yield-bearing token offering higher APY (12.1% as of June 2026) than reUSD, backed by reinsurance exposure and integrated with the Morpho reUSDe lending market.
• $RE Governance Token ERC-20 governance and coordination token with fixed 1 billion supply governing protocol upgrades, risk parameters, participant admission standards, committee structures, and sensitive roles via staking/bonding and challenge deposits.
• Re Protocol (Insurance Capital Layer) Onchain reinsurance protocol connecting stablecoin capital to fully collateralized quota-share reinsurance programs via licensed insurance structures; spans multiple EVM networks (Ethereum, Avalanche, Arbitrum) with Chainlink-based attestations, MPC-controlled smart contracts, and Fireblocks institutional custody.
• Cover Re Regulated reinsurance operating subsidiary underwriting risks and issuing reinsurance contracts through Cover Reinsurance SPC Ltd., a Cayman Islands Class B(iii) licensed entity; maintains 100% cash and investment-grade assets in segregated Regulation 114 trusts.

Quantifiable outcome

• $510.5M in premiums written to date
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core infrastructure, core compliance and security partner.

• Chainlinkcore infrastructureTechnology or IntegrationRe migrated away from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following the Kelp DAO exploit. Chainlink provides daily reserve attestations and cross-chain infrastructure.
• Hedgey Financecore infrastructureTechnology or IntegrationToken distribution and vesting smart contract infrastructure provider. Hedgey administers the Claims Portal for RE token claims process through smart contracts deployed on Ethereum mainnet.
• Fireblockscore infrastructureTechnology or IntegrationInstitutional custody provider for idle assets backing onchain positions. Reserve capital is held offchain with Fireblocks-controlled custody rather than in application-controlled hot wallets.
• SumSubcore complianceTechnology or IntegrationKYC/KYB identity verification provider for user onboarding and eligibility screening.
• Chainalysiscore complianceTechnology or IntegrationAML/CTF screening provider for blockchain analytics and sanctions compliance.
• Certorasecurity partnerTechnology or IntegrationFormal verification and review provider for smart contracts. Latest Certora report dated September 26, 2025.
• Hackensecurity partnerTechnology or IntegrationSecurity audit provider for protocol audits. Prior protocol audits available via Hacken portal.
• The Network Firmsecurity partnerTechnology or IntegrationSecurity audit and review partner for protocol infrastructure.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Ondo Finance: Ondo Finance tokenizes U.S. Treasuries and other traditional yield-bearing assets for DeFi users via products like OUSG and USDY. It competes with reUSD/reUSDe for the same stablecoin-capital-seeking-real-yield audience, but backs yields with government securities rather than insurance premiums.
• Maple Finance: Maple Finance is a DeFi credit platform offering yield to stablecoin holders through institutional lending. Like Re, it is targeting sophisticated DeFi capital allocators seeking real-world yield, though its underlying assets are loans rather than reinsurance premiums.
• Centrifuge: Centrifuge tokenizes real-world assets (including insurance-related assets) onchain and connects them to DeFi liquidity through Tinlake. Its RWA tokenization architecture and focus on institutional DeFi capital overlap significantly with Re's insurance capital layer thesis.
• EigenLayer (restaking-based risk capital): EigenLayer pioneered the broader pattern of tokenizing real-world risk-bearing via restaked ETH. While it targets cryptoeconomic security rather than insurance, its model of using onchain capital to backslash real risks is conceptually adjacent and competes for similar DeFi capital allocator mindshare.
• RenRe (RenRe Protocol): RenRe is a smaller onchain reinsurance-focused protocol. As a direct competitor operating in the same niche, it serves a useful comp despite its smaller scale and less developed regulatory structure compared to Re.

Direct peers

• InsurAce: Insurace is a decentralized insurance protocol providing cover for smart-contract, stablecoin, and exchange risks. Like Re, it sits at the intersection of DeFi capital and insurance risk transfer, though it is primarily a primary insurer/distributor of cover rather than a reinsurance capital layer.
• Nexus Mutual: Nexus Mutual is a decentralized insurance/mutual protocol offering cover for smart contract and crypto-specific risks. While it focuses on crypto-native cover rather than traditional reinsurance, it is the most direct onchain risk-bearing peer and shares Re's model of tokenizing risk capital through smart contracts.
• RiskSteady (Uno Re / Reinsurance tokenization): Uno Re (now operating as RiskSteady) is one of the closest direct peers — an onchain reinsurance protocol tokenizing underwriting exposure via smart contracts. It targets similar DeFi-capital-to-reinsurance arbitrage but operates at smaller scale and lacks the Cayman Class B(iii) regulatory structure Re has built.

Broad incumbents

• Swiss Re / Munich Re (traditional reinsurers exploring blockchain): Swiss Re and Munich Re are the world's largest traditional reinsurers and have publicly explored blockchain and tokenization initiatives. They represent the incumbent competitive threat: if they successfully launch their own onchain reinsurance infrastructure, Re's protocol-level differentiation could erode.

Others

• Aave (RWA/real-yield narrative competitor): Aave's GHO stablecoin and RWA-focused initiatives (e.g., proposals around tokenized T-bills) compete for the same institutional DeFi capital seeking real-yield stablecoins. Aave does not directly compete in reinsurance but competes in the broader 'real-yield stablecoin' category where reUSD and reUSDe sit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/REprotocol
• LinkedInlinkedin.com/company/re-protocol

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Re