# Resilience Foundation Announces Governance Token Plans

*Author: Bankless*
*Published: Jun 2, 2026*
*Source: https://www.bankless.com/es/read/news/resilience-foundation-announces-governance-token-plans*

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The Resilience Foundation has confirmed plans for [a Token Generation Event](https://blog.re.xyz/re-governance-token/) for $RE, the ERC-20 governance token for Re Protocol, an onchain reinsurance marketplace that has already written +$400M in premiums.

### **What's the Scoop?**
- **The Context:** Re Protocol is an internet-native capital market for reinsurance, the layer of the insurance industry where insurers offload risk to keep the broader system solvent. 
- **How:** Rather than routing capital through the handful of major carriers who dominate the space today, Re lets onchain participants supply fully collateralized capital to diversified insurance portfolios and earn yield directly from premiums. The protocol operates through Cover Re, a licensed Cayman-based reinsurer, for regulatory compliance.
- **The Scale:** Re has +30 active insurance partners, +$200M in premiums written so far in 2026 alone, and roughly 4,000 onchain capital providers at last count. The global reinsurance market it's targeting is roughly $1 trillion.
- **The Token Plans:** RE is a governance instrument, not a yield token. Holders will be able to propose, debate, and vote on meaningful protocol changes onchain, the thesis being that the people setting the rules should be the same ones whose capital depends on those rules being credible. 
- **Where to Follow:** Full details on tokenomics and eligibility are expected in the full upcoming launch announcement. Governance details will be surfaced at [govern.re.xyz](https://govern.re.xyz/) ahead of the TGE.