Re Receives $15 million Grant from Nexus Mutual to Launch Open-ended Reinsurance Fund
2024-05-14 21:10:34
On May 14, the tokenized reinsurance RWA platform Re launched an open-ended reinsurance fund, the first investors of which include cryptocurrency insurance alternative provider Nexus Mutual with a grant of $15 million; and Ava Labs' RWA-focused Vista Fund (Avalanche's ecosystem development organization). The specific grant amount has not been disclosed.
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