MembersCap
- Company typePrivate
- Founded2024
- HeadquartersHamilton, Bermuda
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MembersCap does
MembersCap (Members Capital Management Limited) is a Bermuda-regulated investment manager founded in 2024 that provides qualified investors with access to global reinsurance markets through tokenized fund structures. The company is licensed by the Bermuda Monetary Authority as a Class B Investment Manager under the Bermuda Investment Business Act 2003, with operational offices in Hamilton, Bermuda and London, United Kingdom. Its flagship offering is MCM Fund I, marketed as the first tokenized institutional-grade reinsurance fund, designed for both professional digital-asset-native investors and traditional institutional allocators.
MCM Fund I combines specialized reinsurance portfolio management with multi-blockchain tokenization across Solana, Aptos, Cardano, and Base protocols, and supports dual fiat and digital currency subscriptions. Underlying portfolio trades are sourced through the top three global reinsurance brokers and executed with top-tier global reinsurance companies and Lloyd's of London syndicates. MembersCap generates revenue through investment management fees charged on assets under management in its fund products, with performance-based fees as an additional stream typical of alternative investment managers. Distribution is achieved through a hybrid model combining direct institutional sales with channel partnerships — notably Archax (FCA-regulated digital asset exchange, broker, and custodian), LSEG's Digital Markets Infrastructure developed with Microsoft, and blockchain foundation ecosystems (Solana, Aptos, Cardano).
The target customer segments are sophisticated digital-asset institutions, family offices, and high net worth individuals seeking uncorrelated, stable yield from reinsurance, alongside Web3 treasuries and foundations seeking real-world asset exposure on-chain, and traditional private allocators seeking alternatives to private equity and fixed income. MembersCap does not publicly disclose fees, minimum investments, or terms; investor information is provided through direct investor relations engagement. The company is privately held with no disclosed venture capital funding rounds, and is backed by institutional partners including the Cardano Foundation (a cornerstone investor), Solana Foundation, and Aptos Foundation.
MembersCap firmographics
Firmographics- Name
- MembersCap
- Legal name
- Members Capital Management Limited
- Website
- https://memberscap.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
MembersCap industry classification
Industry- Product category
- Tokenized Reinsurance Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Asset-Backed Securities (6189), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)
- akta.pro secondary industry
- Structured Credit (CDO/CLO Tranches, Credit Opportunities) (FSAAAHAH)
Keywords
Where MembersCap is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices2 records
Markets served
MembersCap business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Management Fees: MembersCap operates as a licensed Class B Investment Manager regulated by the Bermuda Monetary Authority, generating revenue through management fees charged on assets under management in its reinsurance fund products. The company structures funds as tokenized investment vehicles accessible to qualified investors.
- Fund Performance Fees: As an investment manager providing access to reinsurance markets, MembersCap likely generates performance-based fees aligned with fund returns, similar to traditional alternative investment management structures.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
MembersCap product offering
Product offeringCore offering
MembersCap is a Bermuda-regulated Class B Investment Manager that provides qualified investors access to the diversified and uncorrelated returns of global reinsurance markets. Its flagship offering is MCM Fund I, the first tokenized institutional-grade reinsurance fund, deployed across multiple blockchain protocols (Solana, Aptos, Cardano, Base) and accepting both fiat and digital currency subscriptions. Portfolio trades are sourced through the top three global reinsurance brokers and executed with top-tier global reinsurance companies and Lloyd's of London syndicates.
Product overview
MembersCap is an investment manager providing access to diversified and uncorrelated returns of the global reinsurance markets through tokenization. The core offering consists of MCM Fund I, the first tokenized institutional-grade reinsurance fund, supported by portfolio management services and insurance linked-securities investment strategies. The fund combines traditional and tokenized investment structures, utilizing multi-blockchain deployment (Solana, Aptos, Cardano, and Base protocols) with Archax's FCA-regulated digital platform to enable both fiat and digital currency subscriptions. The company targets both digital-native investors (Web3 treasuries, foundations, institutions, family offices, HNWIs) and traditional allocators seeking diversified, uncorrelated investment alternatives with attractive yield.
Differentiator
Problem solved
Functional benefit
Products and services
- MCM Fund I The first tokenized institutional-grade reinsurance fund providing qualified investors access to diversified, uncorrelated returns from global reinsurance markets. Trades are sourced through the top three global reinsurance brokers and executed with global reinsurance companies and Lloyd's of London syndicates. Supports dual fiat and digital currency subscriptions across multiple blockchain protocols (Solana, Aptos, Cardano, Base).
- Portfolio Management Investment management services offering attractive risk-adjusted returns uncorrelated to traditional asset classes, generated through diversified and effective risk modelling and allocation across reinsurance markets.
- Insurance Linked-Securities Investment strategy targeting well-understood, well-priced, and well-structured areas of the insurance-linked securities markets, providing exposure to natural catastrophe and cyber reinsurance contracts.
Quantifiable outcome
- Reinsurance has consistently outperformed most traditional alternatives over the past two decades
- +1 more outcomes
Companies that use MembersCap
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
MembersCap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
MembersCap partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- ArchaxcoreArchax is the digital asset exchange, broker, and custodian partner for MembersCap's MCM Fund I. It is the first FCA-regulated global digital securities exchange. Archax provides tokenization services, custody, and distribution for the tokenized reinsurance fund. The partnership enables both traditional and digital-native investors to access the fund, with Archax facilitating tokenization on the Cardano blockchain and receiving/processing expressions of interest from DMI investors.
- London Stock Exchange Group (LSEG)coreLSEG selected MembersCap as the first fund participant in its new Digital Markets Infrastructure (DMI), developed in collaboration with Microsoft. The DMI adopts an open and interoperable philosophy, bringing together participants across international markets. MembersCap opened the London Stock Exchange in celebration of its participation in the first-ever transaction recorded on the DMI platform.
- CoinbasecoreCoinbase is listed as a supported partner/institution. As a leading digital asset custody provider, Coinbase provides infrastructure support for the MembersCap ecosystem, contributing to the broader institutional-grade digital asset investment environment.
- Apex GroupcoreApex Group is described as a 'leading service provider' in the asset management space. Previously, Bruce Jackson, MembersCap's CFO, was Chief of Digital Assets for Apex Group. Apex Group provides single-source financial solutions and supports MembersCap's operational infrastructure.
- MicrosoftcoreMicrosoft collaborated with LSEG to develop the Digital Markets Infrastructure (DMI) platform on which MembersCap executed its first transaction. Microsoft's involvement provides cloud infrastructure and technology support for the DMI platform.
- Top Three Global Reinsurance BrokerscoreMembersCap sources its reinsurance investments through the top three global reinsurance brokers, enabling access to top-tier global reinsurance companies and Lloyd's of London syndicates for its MCM Fund I portfolio.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
MembersCap competitors and assessment
Company assessmentEmerging players
- Securitize: Enterprise tokenization platform offering issuance and distribution infrastructure for tokenized funds. Competes for tokenized fund mandates and institutional distribution relationships in the RWA category.
- Ondo Finance: Tokenized real-world asset platform focused on Treasuries and yield products. Competes for the same Web3 treasury and institutional digital-asset allocator capital seeking on-chain yield exposure.
- Centrifuge: Decentralized tokenized real-world asset protocol for credit and structured products. Competes for on-chain capital allocators seeking exposure to real-world yield through tokenized structures.
- Backed Finance: Issuer of tokenized securities tracking traditional assets. Operates in the same tokenized alternative-investment niche and competes for qualified investor allocations through similar distribution rails.
Direct peers
- Libre Capital: Tokenized reinsurance and insurance-linked securities platform. Direct competitor pursuing the same convergence of reinsurance markets and blockchain-based fund structures for qualified investors.
- Envelop Risk: Specialty cyber reinsurance underwriter and ILS investor. Already listed as a MembersCap ecosystem partner, but operates overlapping reinsurance and tokenization capabilities that compete for similar capital pools.
- LedgerInvest: Specialist ILS and catastrophe bond investment platform serving individual and institutional investors. Competes for the same investor capital seeking liquid, diversified reinsurance exposure.
Broad incumbents
- Galaxy Digital: Established institutional digital-asset and alternative-investment manager with broad capabilities across trading, asset management, and tokenization. A scaled incumbent that could quickly replicate MembersCap's institutional distribution play.
- BlackRock (BUIDL): Global asset manager with its tokenized BUIDL fund already listed on Archax in the same RWA category as MembersCap. Sets the bar for institutional RWA tokenization and competes for the same qualified-investor wallet.
- Franklin Templeton (Benji/OnChain): Operates one of the earliest tokenized money market funds. Represents the institutional incumbent model for tokenized alternative funds and competes for the same allocator relationships.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights5 records
Customer concentration
MembersCap social profiles
Digital presenceMembersCap compliance and trust
Trust signalCompliance2 records
MembersCap financial estimates
Financial estimateRevenue estimate
Valuation estimate
MembersCap leadership team
Management profileNumber of profiles
Profiles4 records
MembersCap funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MembersCap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MembersCap
What does MembersCap do?
MembersCap is a Bermuda-regulated Class B Investment Manager that provides qualified investors access to the diversified and uncorrelated returns of global reinsurance markets. Its flagship offering is MCM Fund I, the first tokenized institutional-grade reinsurance fund, deployed across multiple blockchain protocols (Solana, Aptos, Cardano, Base) and accepting both fiat and digital currency subscriptions. Portfolio trades are sourced through the top three global reinsurance brokers and executed with top-tier global reinsurance companies and Lloyd's of London syndicates.
Is MembersCap a public or private company?
MembersCap is a private company. It is classified as venture growth investor backed and is currently operating.
When was MembersCap founded?
MembersCap was founded in 2024. It employs 1 to 10 people.
Where is MembersCap based?
MembersCap is headquartered in Hamilton, Bermuda.
How does MembersCap make money?
Two revenue lines are on record. Investment Management Fees are the primary driver. The others are fund Performance Fees.
Who are MembersCap's main competitors?
Emerging players on record are Securitize, Ondo Finance, Centrifuge and Backed Finance. Direct peers are Libre Capital, Envelop Risk and LedgerInvest. Broad incumbents are Galaxy Digital, BlackRock (BUIDL) and Franklin Templeton (Benji/OnChain).
Does MembersCap have an API?
No public API is recorded for MembersCap.
What industry is MembersCap in?
MembersCap's product category is Tokenized Reinsurance Fund Management. Its primary akta.pro industry code is FSAPAIAC, RWA Tokenization Platforms (asset onboarding, structuring, issuance), with a secondary code of FSAAAHAH, Structured Credit (CDO/CLO Tranches, Credit Opportunities). Its NAICS code is 523940 and its SIC code is 6189.