Pendle Launches NGI+ Yield Trading Market for Private Infrastructure Assets

Pendle has launched the NGI+ yield trading market, expanding its RWA business into private infrastructure assets. According to Foresight News, NGI+ is tokenized through Asseto Finance infrastructure and is backed 1:1 by equity in Partners Group's Next Generation Infrastructure fund. The current Pendle market expires on November 26, 2026. Users can lock in yields, trade future yields, or provide liquidity through Pendle. Partners Group manages about $185 billion in assets and has deployed about $38 billion in infrastructure since 2001. Pendle said NGI+ yields come from the operation and appreciation of real infrastructure assets, with a target net annual return of 10% to 12%.