Re Protocol, the onchain reinsurance marketplace already carrying close to $600 million in TVL, opened governance to public participation on June 18, 2026, distributing the $RE governance token across a coordinated set of global venues.
TVL is reaching $500 million, the underwriting portfolio reaches $409 million across 48 programs and 49 U.S. states, and the re Token Generation Event is coming soon.
Re's reUSD generates distributions from insurance premiums — not stablecoin holdings, not leverage, not token emissions.
$100 million moved from liquid backing into Cover Re SPC to fund diversified underwriting activity, as the platform's $358 million portfolio continues to scale.
As Re scales, we’re building the team to match. Today, we’re excited to introduce our new General Counsel.