Re, a simple two-letter word in the Latin alphabet, has several significant meanings in modern communication. It is also the second note of the major scale in solfège, serving as a tool for musical understanding and visualization. Additionally, "Re" can be used to express a new beginning or innovation in previously asserted knowledge or function.
Today, Re represents a protocol and product suite that serves as a gateway to new beginnings and innovation in the traditional finance and cryptocurrency industries.
The Re Protocol is aptly named, as it presides over all beginnings and transitions. Re serves as the protocol that unlocks a visionary pathway and enables on-chain engagements previously unknown. The untapped potential of Re is limitless and can serve as a stepping stone for native regulatory-friendly products and concepts that were never before considered. Financial disruption need not bend the knee to regulatory red tape; it can instead coincide in harmony like never before.
Re is a legal framework for the adoption of blockchain technology. By ensuring compliance with existing securities laws and regulations, the protocol can enable broader adoption of blockchain technology, while providing investors with the necessary protections and safeguards.
Re allows individual investors to self-custody their assets, self-report, and still be fully compliant with local Securities and Exchange laws, the benefits of such a protocol are significant:
Re allows DeFi-native products and protocols to be accessible directly to any integrated traditional firms, enabling them to operate fluidly within this growing industry. The Re protocol utilizes CosmWasm smart contracts and Inter-Blockchain Communication (IBC) to establish secure cross-chain communication and enable settlement within the native protocol of interest without custodial services and third parties. This offers a new compliant and secure pathway for firms to manage positions directly with their intended trading of the underlying asset.
With the Re protocol spearheading a new form of execution and settlement in the Cosmos ecosystem, traditional firms familiar with the FIX protocol layer can bridge over the familiarity in execution and experience directly to Re’s workflow, which mimics their standardized order flow.
The benefits of a native protocol serving as a layer for traditional exposure reaching into the Cosmos and DeFi as a whole allows incentives to be met on a range of topics from compliance and regulation to negated latency with orders, potential arbitrage incentives, and greater exposure to previously untouched DeFi protocols.
In 1992, Robert Lamoureux and Chris Morstatt authored a release of the Financial Information eXchange (FIX) protocol. This ushered in a new standardized method for establishing communication and relaying direct insight between enabled operating financial firms, primarily at the time between broker-dealers and their respected clients.