Re (RE) - Onchain Reinsurance Capital for Real-World Yield

A Trillion-Dollar Market Sealed Off From Almost Everyone#

Reinsurance, the capital that lets insurers absorb large losses and keep paying claims, is one of the largest and most essential markets in finance, writing well over $230B in premiums every year. Yet for decades it has run on closed relationships, opaque terms, and pricing set by a small handful of carriers. Settlements can drag on for months, much of the data still moves through spreadsheets and emails, and the last structurally important innovation, the catastrophe bond, dates all the way back to 1997. The result is an estimated $1.8 trillion protection gap over the past decade: real losses that went uncovered because capital could not reach where it was needed in time. Meanwhile, the trillions sitting in stablecoins and onchain capital have had no clean way to access this massive, uncorrelated asset class.

Real Insurance Premiums, Now Open to Onchain Capital#

Re flips that model wide open. It is an onchain capital market that channels stablecoin capital into fully collateralized, regulated reinsurance through licensed insurers, then routes the resulting yield, derived from actual insurance premiums rather than token emissions or trading, back to participants. Every dollar of collateral and every capital movement is verifiable onchain or attested daily by a third party. The reinsurance arm already works with dozens of insurance partners and has supported close to half a billion dollars in premiums covering nearly a million U.S. households. With the RE token, governance of that market shifts from a single sponsor into the hands of the community that depends on it.

What is Re coin?#

What does Re do?#

🌊 Onchain reinsurance capital market: Re connects onchain capital to the roughly $1 trillion global reinsurance market. Users deposit stablecoins into Insurance Capital Layers (ICLs), which allocate that capital to fully collateralized quota-share reinsurance treaties backed by a licensed reinsurer, turning idle stablecoins into real-world insurance capacity.

💵 Two risk-tiered yield tokens: Depositors receive either reUSD or reUSDe. reUSD (Basis-Plus) is the senior, lower-volatility tranche with a 250 bps spread and more liquid redemptions, while reUSDe (Insurance Alpha) is the junior tranche that earns a higher 850 bps spread in exchange for absorbing losses earlier. Both draw a blended yield from off-chain reinsurance deployment and onchain basis-trade rates.

🛡️ Layered capital protection: The protocol runs on a structured capital stack. The reinsurance company’s own equity absorbs losses first, then reUSDe, and finally reUSD, so senior capital sits behind multiple buffers before it is ever exposed.

🏛️ Licensed and regulated backbone: Capital is deployed through Section 114 trust structures and Surplus Notes with Cover Re, a Cayman-domiciled, CIMA-regulated reinsurer, keeping the real underwriting, claims, and pricing in the hands of licensed professionals.

🔍 Transparent, attested reserves: Onchain reserves are transparent by default, while off-chain bank balances are verified daily by The Network Firm and published through Chainlink, with custody handled through Fireblocks.

🗳️ RE governance token: RE is the governance, coordination, and security token of the protocol. It powers votes on protocol upgrades, parameters, committee structures, and transparency standards, and can be bonded or staked by participants who take on protocol roles.

Who are behind Re?#

Karn Saroya - Co-founder and CEO

• Graduate of MIT with graduate-level finance credentials.
• Former management consultant in Oliver Wyman’s financial services division, working on strategic and operational projects.
• Founded Stylekick, a consumer app acquired by Shopify in 2015.
• Co-founded Cover, a Y Combinator-backed, venture-funded insurtech platform that operated as a licensed U.S. insurance brokerage.
• Brings nearly a decade of hands-on experience in insurance regulation, underwriting, and capital markets.

Cliff White - Co-founder

• Co-founder of Re, focused on the protocol’s transparency and capital infrastructure.
• Has publicly walked through the systems that make every path from depositor to balance sheet fully traceable.

Backers and Partners

• Closed a $14M seed round led by Tribe Capital, with Framework Ventures, Morgan Creek Digital, global reinsurer SiriusPoint, and Exor.
• Received a strategic investment from Coinbase Ventures in June 2026.
• Backed by Electric Capital, including partners Avichal Garg and Ken Deeter.
• Operates alongside Cover Re, its licensed Cayman-domiciled reinsurance entity.

Why This Team Inspires Confidence#

Insurance-native founders: Re’s leadership comes from the insurance world, not only crypto. Karn Saroya has spent nearly a decade building licensed insurance businesses, which matters because reinsurance demands expertise in regulation, underwriting, and capital markets as much as in smart contracts.

A real business already at scale: This is not a whitepaper promise. Cover Re has supported roughly $490M to $500M in premiums, backing close to one million U.S. households across 48 insurance programs and nearly every U.S. state, with relationships spanning 5 of the top 10 global reinsurance brokers.

Institutional-grade security: Smart contracts have been audited by Certora and Hacken, reserves are attested daily by The Network Firm and published via Chainlink, and critical operations run through Fireblocks custody and MPC multi-signature controls with timelocked upgrades.

Serious capital behind it: Re has drawn investment from Tribe Capital, Framework Ventures, Morgan Creek Digital, reinsurer SiriusPoint, Exor, Electric Capital, and a strategic round from Coinbase Ventures, a rare mix of crypto, traditional venture, and insurance backers.

Yield with a real source: Returns trace back to actual insurance premiums, an asset class historically uncorrelated with crypto market cycles, giving the yield a foundation independent of lending rates, mining rewards, or basis trades.

What to Know Before You Buy Re#

1. Uncorrelated real-world yield

Re’s returns come from insurance premiums tied to real-world events like commercial auto, workers’ comp, and homeowners coverage, which historically move independently of crypto market volatility. That gives holders exposure to a source of yield that does not simply rise and fall with the rest of the market.

2. A massive addressable market

The global reinsurance market writes hundreds of billions in premiums every year, and global reinsurance capital sits around $785B, yet less than 0.1% is deployed through onchain infrastructure. Re is positioned right at the front of a market that is only beginning to move onchain.

3. Proven traction before the token even launched

Re did not start its market from zero. It reached its token launch already supporting around $490M in premiums, close to a million policyholders, and thousands of onchain participants, with millions already paid out in yield.

4. Strong exchange support from day one

RE launched with broad access, including Binance with a Seed Tag, Binance Alpha, MEXC, Gate, Bitget, BingX, KuCoin, BitMart, LBank, and a Coinbase listing, giving the token deep liquidity and reach right out of the gate.

5. Transparency built into the core

Every layer of Re is designed to be verifiable, from onchain reserves to daily third-party attestations of off-chain balances. For a market historically defined by opacity, that verifiability is a genuine differentiator.

How to buy Re?#

Re is listed on Binance, so you can purchase RE directly on the exchange. Binance is the world’s largest cryptocurrency exchange by trading volume, trusted by hundreds of millions of users for its deep liquidity, strong security, and wide range of assets, which makes it one of the simplest and safest places to start. RE trades in the Binance Alpha section, Binance’s early-listing hub for emerging tokens, and carries a Seed Tag to flag that it is a newer asset.

Buy Re on Binance

Re is also listed on MEXC, another major exchange well known for adding new tokens early. RE trades there against USDT, so it helps to have a little USDT ready in your account, which lets you swap into Re smoothly once you are set up.

Buy Re on MEXC

If you would rather buy onchain, you can use GMGN. Move your ETH from a central exchange like Binance to your GMGN Ethereum wallet, then swap it for Re directly. Re is an ERC-20 token on Ethereum, so ETH is the gas token you will use for the swap.

Buy Re on GMGN

GMGN is a fast, user-friendly onchain trading platform that lets you trade new tokens quickly, with real-time charts, smart-money tracking, and low friction, making it a convenient way to get into Re the moment you want exposure.