Publishing audited financials is something I take tremendous pride in. And I'm personally involved in every step. It's more than paperwork, it's proof of the financial viability and going concern of what we're building. The momentum is real. The results are real. Now, the credibility is real too.
Congratulations to Fusion ecosystem member @re on this exciting milestone.
Audited financial data from real-world businesses is the new standard for onchain finance.
A common misconception: all onchain reinsurance is catastrophe risk.
Property cat pricing is down 16% this year while US casualty insurance rates are up seven straight quarters.
Cover Re's portfolio: diversified across casualty, non-CAT property, and specialty lines, with remote and limited exposure to cat.
In a softening cat market, a disciplined portfolio is the difference.
Market data: Guy Carpenter, July 2026 Reinsurance Renewal Report
A $700B market that runs on email is starting to settle onchain.
The insurance part doesn't change. Regulated insurers write the policies and pay the claims. Policyholders are made whole the way they always have been.
What changes is the capital underneath: open and verifiable.
Over the past weeks, the protocol purchased ~677,906 reUSDe at a ~4% discount to NAV and burned them.
Total buyback: ~4.7% of supply
The captured discount (~$44,900) flows to remaining holders through the token price, a one-time increase of about +0.24%.
Note: the 7-day trailing yield on the dashboard will read elevated for the next week, then normalize.
Note: If a redemption goes unclaimed within the 30-day claim period, the sUSDe payout is forfeited from this window and the original reUSDe is returned to the holder.
For more details:
blog.re.xyz/reusde-redempt…
The first reUSDe redemption window opens July 9 at 12AM UTC.
If you hold reUSDe and want to redeem:
1) Submit between July 9 and July 22
2) Claim between July 23 and August 22
3) $1.5M pool, filled pro-rata if oversubscribed
4) Payout settles in sUSDe
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$RE is now supported on @Anchorage Digital.
Anchorage adds assets only after rigorous diligence. For reinsurance capital coming onchain, clearing that bar is the signal that matters.
Regulated custody is where institutions enter. This is a step toward it.