Hassan Maishera
On Thursday, the Pyth Network announced via a blog post that MembersCap 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.
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.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is down 5.3% in the last 24 hours, trading at $0.07979 per coin.
