RE (RE) GBP Price

RE Price Data

RE (RE) currently has a price of £0.39 and is down -0.47% over the last 24 hours. The cryptocurrency is ranked 293 with a market cap of £62.6M. Over the last 24 hours, it saw £144.3M of trading volume. The token has a circulating supply of 159.6M tokens out of a total supply of 1B tokens.

Re Protocol (RE) is the native governance and coordination token powering Re Protocol, a decentralized real-world asset (RWA) platform designed to bring the multi-trillion-dollar global reinsurance market on-chain. Founded by Karn Saroya and Cliff White, the protocol bridges digital asset capital with traditional insurance by allowing capital providers to deposit stablecoins into fully collateralized, regulated reinsurance treaties through licensed insurance entities (such as Cover Reinsurance SPC). Deposits mint capital-bearing assets like reUSD (a principal-protected fixed yield) and reUSDe (a variable yield tied to underwriting performance), providing investors with diversified, non-correlated yield streams derived from real-world risk premiums.

The RE token serves as the structural backbone for protocol governance and coordination across the ecosystem. RE holders participate in on-chain governance votes to approve technical upgrades, set risk parameters, establish reporting standards, and manage committee structures. While RE is explicitly a coordination and governance mechanism rather than a direct claim on insurance revenues or pool yields, it incorporates bonding, staking, and potential accountability frameworks (such as slashing) for participants fulfilling sensitive operational roles. Supported by multi-chain deployments on Ethereum, Avalanche, Arbitrum, Base, and BNB Chain, Re Protocol establishes transparent, real-time oracle attestations to bridge institutional insurance capital with Web3 liquidity.