London, 8 July 2025 – MembersCap, a Bermuda-regulated investment manager, and Archax, the digital asset exchange, broker, and custodian, have launched the first tokenised institutional-grade reinsurance fund, MCM Fund I. MCM Fund I combines MembersCap's specialised reinsurance expertise with Archax's digital platform and aims to deliver uncorrelated, high yield returns through multi-blockchain deployment with dual fiat and digital currency subscriptions.
Earlier this month, MCM Fund I completed the successful investment of its initial portfolio. The fund executed all trades with top-tier global reinsurance companies and Lloyd’s of London syndicates, sourced through the top three global reinsurance brokers. The launch represents unique access to institutional-grade reinsurance investment exposure specifically designed for both sophisticated digital asset investors and traditional allocators.
The uncorrelated nature of reinsurance makes it a natural diversifier with attractive yield and structured liquidity, making reinsurance a potentially attractive option for investors looking to diversify away from some of the volatility of the equity and crypto markets.
Lloyd Wahed, CEO and Co-Founder of MembersCap, shared: “MembersCap partnering with a digital marketplace like Archax is an exciting next step for us that increases our ability to provide a new group of investors access to institutional-grade reinsurance exposure. We’ve been impressed with the caliber of institutional funds like BlackRock, Fidelity, Aberdeen and others that Archax has curated and we’re humbled to be the first emerging fund sat alongside them.
Graham Rodford, CEO and Co-Founder of Archax, added: “MembersCap were looking for a partner to work with on the tokenisation, custody and distribution for their tokenised reinsurance fund. Digital asset innovation is exactly what Archax is all about, and we’re delighted to be providing these services to them and adding further yield-bearing digital instruments to the Archax platform.”
Jeremy Williams, Head of Digital Strategy and Compliance at MembersCap, added, “Tokenisation and digital assets sit at the heart of our offering. Harnessing the energy and potential of on-chain finance, while meeting and exceeding the expectations of our regulators and our partners, is a vital part of our success. Archax’s technical acumen enables us to offer a full-suite service to our investors.”
MembersCap’s partnership with Archax is the first of several that the investment manager has in the pipeline this year, as it looks to expand its presence across both traditional and Web3 financial markets.
Why MembersCap
Launched in 2024, MembersCap was created to bring access to reinsurance as an asset class and address growing demand from the rapidly expanding pool of sophisticated digital asset-native investors and traditional private allocators seeking diversified and uncorrelated investment alternatives with attractive yield.
Reinsurance – ‘insurance for insurance companies’ - is fundamentally uncorrelated with the broader financial markets and as an asset class has consistently outperformed most traditional alternatives over the past two decades. Despite these attractive qualities, high barriers to entry have meant the sector has largely remained the preserve of pension plans, sovereign wealth funds, and other large institutional investors.
MembersCap, working together with Archax, aims to expand this access by harnessing blockchain technology to lower these barriers and provide unique access to investors seeking stable, diversified income streams to support more balanced portfolios and enhance overall returns.
About Members Capital Management
Founded in 2024, Members Capital Management (“MembersCap”) is a licensed investment manager regulated by the Bermuda Monetary Authority, bridging institutional finance and blockchain infrastructure. Backed by leading blockchain protocols including Cardano, Aptos, and Solana, and supported by institutional infrastructure from Archax, Coinbase, Apex Group and Envelop Risk, MembersCap delivers a new institutional blueprint: tokenised participation in the global reinsurance market, an asset class traditionally closed to most investors.
