Re

The highest and best use for blockchain is converting legacy trust systems to a source of truth on-chain. As Karn Saroya, CEO of Re says, "(Re)insurance is one of the most elegant use cases of on-chain finance. A promise to pay in the event of a loss, coupled with immutable proof that you can for any conceivable insurable risk. As stablecoins, tokenized treasuries, and other high-quality tokenized assets continue to gain momentum, on-chain composability makes it possible to put these assets to work in a compliant way, backing insurance companies around the world. Re’s tokenized reinsurance fund is a precedent-setting step in this direction." Learn more 👇

Our team had a fantastic time networking with founders, builders, and industry professionals at the SF Crypto Happy Hour! Thank you to all attendees and co-hosts for making this event a success. Electric Capital Iron Fish Foundation Syndicate Bitwise Inc Espresso Systems Magic Eden Term Labs, Inc.

With nearly $1T in premiums annually, reinsurance is a cornerstone of today's financial markets, but it can be inefficient and inaccessible to many investors. Re is hoping to change that with the debut of its first tokenized reinsurance fund on Avalanche. Recap the latest Money Moves Spaces to get more insight into how reinsurance works, and how its ripe for disruption using blockchain technology. We also caught up with Nexus Mutual about being the first investor in the fund.

We are pleased to announce that we have achieved a significant milestone, surpassing $80 million in backed insurance premiums 🎉

Save the date 📌 Join us at the San Francisco Crypto Happy Hour on 6/5/2024 from 4-7PM! Enjoy a night of networking, drinks, and good company! RSVP: https://lu.ma/8c1ujjp9 Bitwise Investment Pty Ltd Espresso Systems Magic Eden Iron Fish Foundation Syndicate Term Labs, Inc. Electric Capital

Calling all builders! Join us for the San Francisco Crypto Happy Hour and enjoy tasty drinks, yummy bites, and great company. 📅 Wednesday, 6/5 🕓 4-7pm PST Electric Capital Espresso Systems Iron Fish Foundation Magic Eden Syndicate Term Labs, Inc. Bitwise Investment Pty Ltd https://lnkd.in/gDxM73C9

Re is an RWA platform that specializes in offering tokenized reinsurance. The recently launched open-ended reinsurance fund is the latest move toward cultivating an on-chain ecosystem of tokenized assets on Avalanche Next week, we welcome Re CEO Karn Saroya and Hugh Karp, founder of the Funds’ investing partner Nexus Mutual, to Money Moves. They’ll chat with Morgan Krupetsky about how Re aims to be the premier on-chain marketplace for reinsurance. Join us next Wednesday on X Spaces for a great conversation about new use cases for tokenization on Avalanche! https://lnkd.in/gnqCBgwt

(Re)insurance is one of the most elegant use cases of on-chain finance. A promise to pay in the event of a loss, coupled with immutable proof that you can for any conceivable insurable risk. As stablecoins, tokenized treasuries and other high quality tokenized assets continue to gain momentum, on-chain composability makes it possible to put these assets to work in a compliant way backing insurance companies around the world. Re’s tokenized reinsurance fund is a precedent setting step in this direction. Excited to partner with Nexus Mutual, Electric Capital and Avalanche as we continue to scale and work to transform the insurance market. I’m proud of the progress we’ve made driving cost down, fraud out, trust up and insurance capacity into markets that need it. Special thanks to the folks that have made this possible: Natalie Eva Gray, Anand Dhillon, Cliff White, James Norris, David Hampson, Ben Aneesh, Sheng Puah, CPA, Sarah Elizabeth Rollins, Hugh Karp, Ania Wiktoria S., Avichal Garg Ken Deeter, Sid Venkateswaran, Morgan Krupetsky, Daniel Sequeira, Elliott Kroll, Huhnsik Chung, Olga Bogush, Lynn Watkins, Jon Jurva, Juliana Tang, Tony De Quintal, Efe Avan-Nomayo, Ghislain Ghyoot https://lnkd.in/gQZAuenJ

We're partnering with Nexus Mutual, Electric Capital, and the Avalanche Foundation to bring the $1T reinsurance market onchain. Thanks Krisztián Sándor for covering the launch of our tokenized reinsurance fund! https://lnkd.in/gDeJp8Jy

Re launched the first tokenized reinsurance fund on Avalanche, opening access for more people to participate in the $1T reinsurance market. Reinsurance, or insurance for insurers, offers a protective layer for policyholders. Now, Re’s latest redeemable Tokenized Reinsurance Fund aims to enhance transparency and facilitate on-chain settlement in the reinsurance industry, powered by the speed and near-instant finality of Avalanche. Tokenized reinsurance funds mark a step change towards democratizing access to insurance premiums generated by insurance companies globally. CoinDesk has more ⬇️