Members Capital Management Limited (MembersCap), the Bermuda-regulated investment manager, has broadened its tokenized reinsurance fund distribution by making its listed insurance-linked securities (ILS) fund, MCM Fund I, available to institutional investors on the Aptos blockchain via the Archax digital asset exchange.This comes as Archax, the UK/EU regulated digital asset platform, has entered into a partnership with Aptos, a institutional Layer-1 blockchain, which allows Archax to be able to bring Aptos into its tokenization engine, which enables regulated real-world assets (RWAs) to be issued and managed through the Aptos blockchain.The first of which will be the MembersCap Tokenized Global Reinsurance Income Fund, MCM Fund I, of which Aptos is a General Partner (GP).which marked a notable milestone in bridging institutional reinsurance and blockchain-based finance.
MCM Fund I aims to provide high-yield and uncorrelated returns in a diversified approach and with the implementation of multiple blockchains.The fund also allows dual subscriptions to give the investor the opportunity to invest in both fiat and digital currencies.Shortly after the launch of MCM Fund I, who explained how the fund opens up the private reinsurance market to a group of investors who previously had no exposure to this asset class.
MembersCap also became .With MCM Fund I now being supported and available through the Aptos chain, this will now effectively increase its distribution reach even further and provide better accessibility for institutional investors who are seeking to get exposure to reinsurance-based income strategies in a regulated digital platform.Archax is a digital asset platform that adopts a large variety of digital assets.
The platform supports all types of digital assets, ranging from unregulated cryptocurrencies through to regulated tokenised real-world assets (RWAs).It also covers the full digital lifecycle from token issuance and fundraising through to trading and custody.Founded by the team behind the Libra/Diem initiative at Meta, Aptos is an organisation that particularly focuses on the creation of scalable value movement infrastructure across the globe.
Graham Rodford, CEO and co-founder of Archax, commented: “For tokenisation to go mainstream the institutions need to get involved, which revolves around bringing real-world assets on chain.We have the regulations needed to deliver this, but also need to partner with leading technology providers too.Aptos is one such partner, and we are pleased to be supporting their technology within our digital asset platform.” Ryan Zega, Head of Structured Finance at Aptos Labs, said: “Partnering with Archax represents another major step forward in expanding institutional grade RWAs on Aptos.
We’re squarely focused on building the scalable, secure infrastructure that institutions need to bring regulated financial products on chain.We’re excited to support the next phase of mainstream RWA adoption with Archax and help accelerate the future of digital capital markets.” MembersCap is also working on making its tokenized reinsurance funds composable, which effectively makes the assets more easy to distribute along and across chains.This has further potential to increase distribution and liquidity in the managers reinsurance investment funds, through the use of decentralised finance (DeFi) technology..
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Publisher: Artemis