The tokenized reinsurance RWA platform Re has completed a new round of financing of $7 million, led by Electric Capital

2024-05-14 21:13:49

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ChainCatcher news, according to CoinDesk, the tokenized reinsurance RWA platform Re has completed a new round of financing of $7 million, led by Electric Capital.

It is reported that the project had previously completed a $14 million seed round financing at the end of 2022, and Re aims to support $200 million in premiums by the end of this year.

According to the Web3 asset data platform RootData, Re is a blockchain-driven reinsurance company that allows qualified investors to support real-world insurance policies and companies. It has established a decentralized reinsurance market on Avalanche's C-Chain and Subnet, which is a decentralized global insurance trading layer that addresses any type of insurance risk in a transparent manner to regulators, partners, and investors.

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Re Decentralized Global Insurance Trading Layer