Re Protocol
On-chain AUM$227.75m
Platform totals
Live assets3
Chains7
DeFi TVL$219.67m
DeFi TVL / AUM96.45%
Confirmed attestations3 / 3
Primary accessPermissionless (2)
Totals for filtered assets
3
$227.75m
$227.75m
$219.67m
2
| Name | Asset Group | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Re Protocol reUSDreUSD | Reinsurance | $1.1 | $208.11m | $208.11m | $203.26m | 97.67% | Re Protocol | Private Credit | Reinsurance Pool | Permissionless | Asset | RWA | Resilience (BVI) Ltd | Yes | Yes | Yes | Yes | Yes | ||||
 Re Protocol reUSDereUSDe | Reinsurance | $1.4 | $19.64m | $19.64m | $16.41m | 83.52% | Re Protocol | Private Credit | Reinsurance Pool | Permissionless | Asset | RWA | Resilience (BVI) Ltd | Yes | Yes | Yes | Yes | Yes | ||||
 Re Member Fund A LPRE | Reinsurance | $0 | Re Protocol | Private Credit | Reinsurance Pool | Permissioned | Asset | RWA | Re Member Fund A LP / Re Member Fund B LP | Yes | Yes | Yes | Yes | Yes | Yes |
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.
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.