Membrane mimicking protein nanodiscs are nanoscale structures composed of a lipid bilayer and a scaffold protein that forms a circular disc-like structure. These NDs are designed to mimic the natural cell membrane and are used as a platform to study membrane-associated proteins, such as those involved in signal transduction or drug transport. In cancer therapeutics, NDs have been developed as a promising nano-formulation for delivering macromolecules, such as drugs or nucleic acids, to cancer cells. The NDs can be functionalized with targeting ligands, such as antibodies or peptides, to specifically bind to cancer cells and deliver therapeutic payloads. One advantage of ND-based formulations is their ability to protect macromolecules from degradation and enhance their pharmacokinetics and bioavailability. Additionally, the use of NDs as a delivery vehicle allows for the precise control of drug release, which can improve efficacy while reducing toxic side effects. Overall, membrane mimicking protein NDs show great potential as a versatile platform for macromolecular delivery in cancer therapeutics, with the ability to precisely target cancer cells and enhance the therapeutic effect of drugs or nucleic acids. In this review, we discuss the structural components, stability issues, synthetic strategies, limitations, therapeutic advancements, and future challenges associated with the clinical implication of ND’s anti-cancer therapies.