Re.xyz is a blockchain reinsurance service provider built on the Avalanche blockchain. The protocol provides a mechanism for retail investors and crypto holders to back insurance policies. The company positions itself to build a decentralized global insurance trading layer. It aims to address any type of insurance risk with transparency toward regulators, partners, and investors. According to the article, Re.xyz completed a new financing round totaling $7 million. The round was described as a strategic investment led by Electric Capital.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024