Key Notes
- Cardano, alongside top Layer-1 chains, is now a pioneer of MembersCap’s tokenization reinsurance fund.
- The new offering is called MCM Fund I with backing from Cardano Foundation.
- Cardano price shows signs of a rebound, trading around $0.8233 with growing market capitalization.
Cardano
ADA
$0.82
24h volatility:
0.8%
Market cap:
$30.09 B
Vol. 24h:
$1.57 B
is in the spotlight after it joined MembersCap as one of the pioneers for its tokenization reinsurance fund.
Dubbed “MCM Fund I,” this is the first-of-its-kind institutional-grade offering in the industry. It is supported by several blockchains, including Aptos
APT
$4.33
24h volatility:
1.3%
Market cap:
$3.04 B
Vol. 24h:
$616.25 M
, Base, and Solana
SOL
$219.6
24h volatility:
1.8%
Market cap:
$119.29 B
Vol. 24h:
$8.91 B
.
Cardano Foundation Backing MembersCap’s MCM Fund I
On September 22, it was announced that MembersCap has become the first fund to launch and record a transaction on London Stock Exchange Group’s (LSEG) DMI platform.
It had first established its tokenization reinsurance fund in collaboration with the Cardano Foundation and Archax. Other supporters of the project are Coinbase, Apex Group, Hannover Re, Envelop Risk, and Northern Trust.
The institutional-grade reinsurance fund came with both a tokenized and traditional offering. This positions MembersCap at the forefront of financial product innovation.
It also makes it a leader in the next generation of alternative fund managers that are pushing the boundaries of access to historically restricted asset classes.
According to EMURGO on X, these achievements are significant indicators of the evolution of blockchain, pushing beyond experimentation to enter institutional-grade adoption.
The utilization of the Cardano blockchain is of more importance to the crypto ecosystem. The network is serving as a bridge between decentralized innovation and global finance.
The fact that it supports real-world applications that validate its utility and long-term impact makes it a network of choice.
Following the news of the MCM Fund I launch, Cardano price recorded some fluctuations, more towards the upside. ADA was trading at $0.8233 at the time, corresponding with a 0.85% increase over the last 24 hours.
Like its price, Cardano’s market cap looks solid at $29.45 billion. After last month’s whale-driven ADA sell-off, this institutional backing is a positive signal for renewed confidence.
On the flip side, ADA’s 24-hour trading volume has experienced a 33.73% dip, suggesting declining traders’ engagement with the ecosystem.
After its retest of the $0.8 support level, the new updates from Cardano Foundation may help fuel a rebound.
Bitcoin Hyper Hits $17.7M in Presale: 66% APY for Early Investors
As ADA navigates its market moves, Bitcoin Hyper (HYPER) is drawing attention with its presale already raising $17.7 million. This Layer-2 BTC project is offering early investors the chance to earn staking rewards of up to 66% APY, creating a high-reward opportunity.
Participation is open via ETH, BNB, USDT, or credit card directly on the official Bitcoin Hyper website. It’s already considered one of the best crypto presales of 2025. Based on the website, the HYPER price is set to go up in 24 hours.
Current Presale Stats of Bitcoin Hyper
Current Price: $0.012965
Amount Raised So Far: $17.7 million
Ticker: HYPER
If you’re interested in joining the presale, check out our guide on how to buy Bitcoin Hyper.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Godfrey Benjamin on X
Source: https://www.coinspeaker.com/cardano-tokenizes-reinsurance-fund/
