Odaily reported that decentralized reinsurance protocol Re has received a strategic investment from Coinbase Ventures. Re did not disclose the size of the investment. According to the announcement cited in the report, the investment is intended to support Re’s effort to bring reinsurance capital on-chain and connect that capital with blockchain-based infrastructure.
Reinsurance generally refers to arrangements in which insurance-related risk is shared again among insurance institutions. “On-chain” refers to placing related capital or operational records on a blockchain network. The report names Coinbase Ventures as the strategic investor, with the main disclosed points centered on the investment itself and Re’s direction of moving reinsurance capital onto blockchain rails.