Members Capital Management, a Bermudian-regulated investment manager, has completed the launch and full investment of its first fund, MCM Fund I. The company called it the world’s first “tokenised institutional-grade reinsurance fund”.

All portfolio trades were executed with major global reinsurance firms and Lloyd’s of London syndicates, sourced via the top-three global reinsurance brokers, the firm said. The fund is aimed at both traditional investors and those in the digital asset space.

MCM Fund I is now listed on Archax, a London-based digital securities exchange, alongside tokenised offerings from financial giants such as BlackRock and State Street.

“Every generation is presented with new technologies that unlock economic opportunity,” said Lloyd Wahed, the chief executive of MembersCap. “To us, tokenisation and the blockchain represent access to better asset management for a different class of investor.”

The fund offers exposure to natural catastrophe and cyber reinsurance contracts, previously limited to institutions such as pension funds and sovereign wealth funds. MembersCap’s model allows qualified crypto and traditional investors to invest in reinsurance via blockchain protocols such as Solana, Aptos and Cardano.