Pendle supports the NGI+ tokenized fund, with an underlying size of $2.1 billion.

Pendle announced support for the NGI+ tokenized fund, which is underpinned by Partners Group’s $2.1 billion Next Generation Infrastructure fund. NGI+ converts traditional institutional fund exposure into permissionless tokens, with the underlying fund shares held by Reale. Tokens can be freely transferred between wallets and interact with DeFi, with subscriptions and redemptions conducted through Reale, and KYC/AML checks located at both the entry and exit points. The fund opens for trading monthly, and Pendle has launched PT, YT, and LP markets around it. Asseto Finance has built a reusable framework for bringing more institutional strategies on-chain.