Re selected Chainlink as the firm’s preferred decentralized computing platform due to Chainlink’s proven track record of securely facilitating over $25T in transaction value for onchain markets. Through the integration of Chainlink’s industry-standard Proof of Reserve solution, Re offers clear visibility into regulated, offchain collateral, providing investors with increased assurances and confidence that the reinsurance contracts are fully collateralized.
Re is a decentralized reinsurance protocol that connects institutional capital to fully collateralized insurance risk. It provides access to real-world insurance yield through a regulated onchain structure, where users earn yield from reinsurance premiums that vary by strategy and duration. In traditional reinsurance, collateral underpins the security of the entire system. Reinsurers are required to post collateral, typically cash or liquid securities, into legally ring-fenced Schedule F Trust Accounts to protect cedents (insurers) and policyholders. These funds are not freely accessible to the reinsurer; they exist solely to guarantee claims performance. By publishing trust collateral data onchain through Chainlink Proof of Reserve, Re is making these safeguards transparent and verifiable in near real time, which is a first for the reinsurance industry.
Chainlink Proof of Reserve ensures transparent, tamper-resistant reporting of holdings, maintaining asset integrity and strengthening investor trust.
Some of the main benefits of Proof of Reserve include:
- Automated Onchain Verification — Keeping up-to-date onchain data in a reference contract introduces programmatic utility through which investors and protocols can build automated logic based on updates to Re underlying collateralization.
- Decentralized — Chainlink Proof of Reserve eliminates central points of failure in delivering external data to blockchains, helping ensure reliable onchain updates at all times regarding Re’s collateralization.
- Transparent — Chainlink Proof of Reserve feeds can be monitored by anyone in near real-time, allowing investors to verify asset collateralization independently.
“We’re excited to integrate Chainlink Proof of Reserve to verify regulated offchain collateral onchain and enhance transparency for our users. The Chainlink data standard takes Re to the next level by delivering trust needed to operate a reinsurance protocol at scale.” — Karn Saroya, CEO of Re
About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.
About Re
Re is a decentralized reinsurance protocol that connects institutional and DeFi capital to fully collateralized insurance risk. We back insurance premiums through a regulated onchain structure, offering stable, low-correlation yield to capital allocators. Re is building a modern, global marketplace for onchain risk transfer.
Deposit now or learn more about our products, reUSD and reUSDe at re.xyz