Governance Opens, Portfolio Grows to $510M

In June, Re's underwriting portfolio grew to $510.5 million, the $RE governance token launched publicly across 27 venues, and total value locked approached the $600 million threshold.

Governance Opens, Portfolio Grows to $510M
Performance Update · June 2026

Governance Opens,
Portfolio Grows to $510M

June marked a defining month for Re. The protocol's underwriting portfolio crossed $510 million, the $RE governance token launched publicly, and total value locked reached $560 million.

$560M
Total Value Locked
$510.5M
Underwriting Portfolio
700K+
Policyholders
48
Insurance Programs
Capital Position

Capital position & liquidity.

Re's capital position grew by $77.45M in June, an increase of nearly 16% over May. As of the June 30, 2026 reporting snapshot, total assets are distributed across three components.

Reporting note. Contracted written premium receivable reflects policies bound as of June 30, 2026. Actual receipts may vary based on policy performance, cessions, and other factors. Past performance is not a reliable indicator of future results.
Onchain Capital $70.97M
Offchain Reserves $177.67M
Contracted Premium Receivable $318.93M

The $70.97M held onchain supports Re-backed underwriting structures. The $177.67M maintained offchain is held as reserves within regulated insurance entities. The $318.93M reflects contracted written premium on policies bound through the reporting date.

Underwriting Portfolio

Portfolio composition.

Re's underwriting portfolio now stands at $510.5 million, spanning 48 insurance programs, 49 U.S. states, and more than 700,000 policyholders. $149M (29% of the total portfolio) was written in the 45 days prior to the June 30 reporting date.

The most notable month-over-month shift was the growth of Homeowners Insurance from 10% to 18% of the total portfolio. The portfolio remains diversified across multiple complementary lines of business.

Portfolio strategy. Re's portfolio emphasizes diversification, conservative attachment points, and short duration exposures, a strategy designed to limit concentration risk and support consistent underwriting margins, subject to market and loss conditions.
$510.5M
Total underwriting
portfolio
$149M
Written in
last 45 days
18%
Homeowners Insurance
share (up from 10%)
$RE Token Generation Event

$RE token launch.

On June 18, 2026, Re opened governance to public participation with the launch of the $RE governance token. The TGE marks the beginning of public access to Re Protocol governance, opening a new era for the internet-native insurance capital market.

10,000+
Token holders
48 hrs post-launch
159.6M
$RE in circulation
16% of total supply
27
Live venues
16 spot · 11 perpetual

By the end of launch week, $RE was live across 27 venues including:

Team and investor allocations unlock on a three-year schedule after a one-year cliff. 95% of the day-one community allocation was placed on a three-year vest, with claims conditional upon TVL remaining locked into the protocol.

Token disclosure. $RE is a utility and governance token for Re Protocol. It is not an insurance product, security, or claim on reinsurance reserves or premiums.
Looking Ahead

What's next.

Re has announced the opening of its first reUSDe redemption window on July 9th, marking the launch of a formal, recurring liquidity mechanism for reUSDe holders. Future redemption windows are expected quarterly.

  • Redemption requests accepted: July 9 – July 22
  • Claims open: July 23
  • Subsequent windows: expected quarterly
Next update. Re's next monthly performance report will be delivered in August. Read more about the reUSDe redemption process at re.xyz.

Re Management Team

Explore the protocol.

Re Protocol. Internet-native reinsurance capital: diversified, transparent, and open to global participants at re.xyz.
Visit re.xyz →

Disclosures

This blog post is for informational and educational purposes only and does not constitute investment, legal, tax, or financial advice. Nothing in this article should be construed as an offer or solicitation to buy or sell any security, token, or financial product.

Affiliate disclosure. The "re" brand, the re protocol, and re.xyz are operated by Resilience Foundation Cayman LLC ("Resilience Foundation"), an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability with registered number IC-414560, together with its affiliate Resilience (BVI) Ltd and Resilience Inv SPC. Resilience Foundation, Resilience BVI, and Resilience Inv do not provide insurance or reinsurance services, do not act as insurance broker or agent, and do not hold an insurance license. All regulated reinsurance activities are conducted exclusively by Cover Reinsurance SPC Ltd. ("Cover Re SPC"), a Class B(iii) licensed exempted segregated portfolio company in the Cayman Islands, operating under the "Cover Re" brand at coverre.com.

Risk disclosure. Digital assets and blockchain-based products involve significant risk, including the potential loss of principal, smart contract vulnerabilities, liquidity constraints, and regulatory uncertainty. Any references to APR, returns, or performance are not guaranteed, and past performance is not a reliable indicator of future results.

Regulatory environment. The regulatory environment for digital assets, stablecoins, tokenized real-world assets, and onchain financial products is dynamic and continues to evolve across jurisdictions. The information in this post reflects the understanding as of the date of publication and may not reflect subsequent legal or regulatory developments. Readers should consult qualified legal, tax, and financial professionals before making any decisions.

Terms apply. For full terms, disclosures, and risk disclaimers, please see the Re website at https://re.xyz, Terms of Service, and Disclaimers.