Re, the onchain protocol connecting real-world reinsurance capital with decentralised finance, has secured a strategic investment from Coinbase Ventures,
- Onchain protocol Re, which connects real-world reinsurance capital with DeFi, has secured strategic investment from Coinbase Ventures.
- The funds will be used to expand underwriting capacity, grow the team, and accelerate adoption of its flagship product, reUSD, a deposit token issued by Resilience Foundation Cayman LLC.
- Re aims to bring the massive reinsurance market onchain, offering greater access to capital and potentially higher yields derived from insurance premiums, with reUSD available on Coinbase's Base network.
Topics: Asset types, Infrastructure providers, Institutional adoption, Alternative assets, Tokenization platforms, Asset manager initiatives
Tags: #reinsurance #onchainprotocol #coinbaseventures #rexyz #reusd #decentralisedfinance #capital #yield #base #usdc