Re
Re's reUSD and reUSDe tokens are offered only to non-U.S. persons after KYC, so US investors cannot buy them from Re. The tokens turn stablecoin deposits into reinsurance capital: the money buys notes of Cover Re, a Cayman reinsurer, and the tokens accrue a set spread over SOFR or the sUSDe rate. On chain, the 337.6 million reUSD and 21.0 million reUSDe outstanding match the deposits Re reports. The $799 million TVL Re headlines also counts $318.9 million of premium receivable that has not changed since June 20, 2026. And the reinsurer Re's docs call unaffiliated is owned by the company that built the protocol.
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Platform Identity
- Website
- re.xyz
- Headquarters
- George Town, Cayman Islands
- Founded
- 2024
- Parent
- Resilience Foundation Company (Cayman exempted limited guarantee foundation company, IC-414560, incorporated October 7, 2024; 'ownerless' per the PPM; directors Matthew Taber of Leeward Management and Anand Dhillon) operates the protocol; Resilience (BVI) Ltd issues reUSD and reUSDe; Resilience Inv SPC (Cayman) holds the Cover Re notes; Resilience Core Ltd (BVI) issues the RE token. The reinsurer, Cover Reinsurance SPC Ltd (Cayman, Class B(iii)), is wholly owned by Cover Re Inc. (Delaware), which Re describes as the protocol's principal initial technology developer. CEO and co-founder Karn Saroya.
- Platform type
- Tokenized Reinsurance: Senior and Mezzanine Yield Tokens Backed by Notes of a Cayman Reinsurer (Regulation S, Non-U.S. Only)
- Regulatory
- foreign_regulated
- Eligibility
- not applicable
AltStreet Coverage
- Review status
- Published
- Coverage type
- Investment platform
- Review date
- Nov 1, 2026
- Last updated
- Nov 1, 2026
- Composite score
- 4.1
Key Data Points
- TVL snapshot
- $799.32MOct 31, 2026
- reUSDe token
- $1.4392
Reference Reading
AltStreet reference pages on the filings and mechanics behind this platform's category.
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