Re Protocol

On-chain AUM$275.08m

Platform totals

Live assets3

Chains7

DeFi TVL$266.58m

DeFi TVL / AUM96.91%

Confirmed attestations3 / 3

Primary accessPermissionless (2)

Totals for filtered assets

$275.06m

$266.58m

Assets Rankings

1d7d1m

Name		AUM			DeFi			Flows
Name
Re Protocol3 assets		$275.06m	$275.06m	+6.46%	$266.58m	96.92%	+6.27%

About Re Protocol

Re Protocol provides tokenized access to private credit and structured finance products, connecting institutional lenders with decentralized liquidity. It enables securitization of off-chain credit through on-chain smart contracts.

Reinsurance PoolPrivate CreditPermissionless

Website Docs Protocol page

Profile

Founded: 2022
Headquarters: George Town, Cayman Islands
Primary chain: Avalanche
Parent platform: Re Protocol
Issuer: Re Member Fund A LP / Re Member Fund B LP

Economics & revenue

Mint fee0 bps

Redemption fee6 bps

Float incomeYes

Revenue confidenceIssuer-Disclosed

Fees last verified2026-07-09

Attestations & milestones

2026-06RE governance token TGE with about 500 million cumulative premiums written and a Coinbase Ventures investment
2026-04Cover Re secured a 100 million investment note
2024-05tokenized reinsurance fund debuted on Avalanche with a 15 million Nexus Mutual commitment
2022-0914 million seed with Tribe, Framework, Electric Capital, Exor, SiriusPoint

Revenue methodology & documents

Revenue model: Performance Fee + Float Income

Instant reUSD redemptions carry a 6 bps fee and mint fees are shown in the mint flow rather than published. Economics are spread based with reUSD accruing SOFR plus 250 bps and reUSDe risk free plus 850 bps while the reinsurer retains the excess from premiums and trust collateral yield, attested daily by The Network Firm via Chainlink.

Issuer registry, regulation & leadership

Founders and leadership

Karn Saroya — Co-Founder, CEO Jonathan Lim — Chief Underwriting Officer, Cover Re

Issuer registry

Re Protocol (Re Insurance Limited, Bermuda). Tokenized reinsurance protocol launched 2022 by Karn Saroya, Eric Liu et al. Brings insurance / reinsurance capacity onchain via tokenized capital pools backing real-world risk programs. Re token live on Ethereum.

Regulatory status

Regulated reinsurance activity is conducted exclusively by Cover Reinsurance SPC Ltd., a Class B(iii) licensed Cayman segregated portfolio company regulated by CIMA. The protocol itself is operated by Resilience Foundation, a Cayman foundation company holding no insurance licence, with affiliates Resilience (BVI) Ltd and Resilience Inv SPC. Tokens are offered only to non US persons under Regulation S with mandatory KYC and a MiCA whitepaper for reUSD is published.

Entity structure

Resilience Foundation operates the protocol supported by Resilience (BVI) Ltd and Resilience Inv SPC. Cover Reinsurance SPC Ltd. is the separately CIMA regulated reinsurer deploying protocol capital into treaties secured by Regulation 114 trusts with Truist and Computershare as trustees.

Issuer source