MembersCap Joins Pyth Network to Bring High-Yield, Uncorrelated RWAs Onchain with Tokenized Global Reinsurance Income Fund

MembersCap, a Bermuda-regulated investment firm with deep expertise in the blue-chip global reinsurance markets, is collaborating with Pyth Network to make its flagship product, the Tokenized Global Reinsurance Income Fund (TGRIF), accessible onchain. This initiative brings an uncorrelated and high-yield real-world financial instrument to the DeFi ecosystem, which will allow users across 100+ blockchains and 600+ applications to create markets and DeFi strategies with the fund.

Through Pyth Network, MembersCap will provide transparent access to a yield-generating product via a decentralized price layer, unlocking a new chapter for capital markets onchain. This collaboration showcases how traditional financial institutions can tap into blockchain infrastructure to distribute products globally with trusted, reliable data.

“Recent market turbulence proved once again that integrity of price data is essential for investors, not just at the point of the initial investment decision, but also for monitoring and managing portfolio performance and risk on an ongoing basis,” said Patrick Barrett, CEO and Co-Founder of MembersCap. “Pyth Network allows us to bring an unprecedented level of transparency to a historically opaque asset class, and this partnership represents another step in our commitment to bring truly institutional-grade RWAs to DeFi investors.”

What is TGRIF?

The Tokenized Global Reinsurance Income Fund (TGRIF) is a first-of-its-kind tokenized reinsurance fund that delivers unique onchain access to the uncorrelated, high-yield premiums of the blue-chip global reinsurance markets. Partnered with some of the largest names in the reinsurance industry, MembersCap is pioneering DeFi access to an uncorrelated asset class traditionally available only to the largest global financial institutions through institutional channels. Pyth Network will verify and distribute the price of the fund onchain for seamless integration into DeFi protocols and institutional infrastructure.

MembersCap recently became the first fund to launch and record a transaction on LSEG’s Digital Market Infrastructure platform and they continue to push the boundaries between historically closed-off private assets and institution-ready decentralized finance.

Why Pyth?

Pyth Network was chosen as the preferred pricing layer for TGRIF because of its ability to deliver secure, real-time price feeds across DeFi and traditional systems. Here’s why:

• High-fidelity, low-latency price data directly from original sources

• Distribution across 600+ DeFi applications and 100+ blockchains

• $1.7T+ in cumulative trading volume

• A growing roster of leading asset managers and institutions trusting Pyth for their onchain data needs

Institutional-Grade Infrastructure for RWAs

This collaboration brings the core benefits of TGRIF, such as high-yield, non-correlating reinsurance exposure, into a programmable and composable format that DeFi protocols will be able to utilize:

• Developers can integrate TGRIF into applications with real-time pricing for lending, structured products, or onchain trading

• Users gain access to a stable, yield-bearing instrument backed by regulated reinsurance strategies

• Institutions can access transparent, auditable data through a decentralized price layer

The tokenization of private funds like TGRIF represents a significant opportunity for the finance industry. This collaboration will enable:

• New financial primitives powered by RWAs with reliable, uncorrelated yield

• Efficient capital markets with fewer intermediaries and global reach

• Trusted data infrastructure that bridges traditional finance and blockchain networks

Looking Ahead

As the price of TGRIF is distributed via Pyth Network, a new class of onchain yield assets will become available to the entire DeFi ecosystem. MembersCap and Pyth are leading the charge in enabling the masses to participate in private markets through transparency and accessibility. This is part of a larger commitment towards enabling real-world use cases onchain and bringing the price of everything everywhere.