Fancy A Look Under The Hood of Crypto Structured Products?

This newsletter is part of The Assetizer, GenTwo's thought leadership platform.

Despite the recent crypto winter, data shows that institutional money remains dedicated to the asset class. Yet as we wrote in our recent whitepaper, the way in is still basically ETFs and spot.  

That leaves a big gap for professional investors: tools that let you for example define risk or yield in ways that are standard for traditional assets. In other words, crypto is lacking structured products.

The good news is that this is changing. And if you’d be interested in seeing exactly how, then I invite you to join us for Structured Products on Digital Assets Summit from September 7-11. As with our AMC Summit, I will be moderating all the sessions. For anyone who follows this space, I think we have some genuinely good content in store.

What you can expect

This weeklong program of webinars picks up where our whitepaper left off: with practitioners from our ecosystem (and beyond) who can dive into the details of how the digital asset structured product market works and where it is going.  

We are covering the market itself, the traditional/digital asset infrastructure interface, tokenization, trading, and more. And we also feature case studies of live products.

Here is the program so far:

Opportunity: The week opens with the big picture. Patrick Loepfe, who helped industrialize Switzerland's structured products market before co-founding GenTwo, sets digital assets in the long story of how any asset becomes bankable in the first place. Florian Marty, who wrote the whitepaper, then makes the specific case: where the demand actually is, why banks and asset managers struggle to meet it, and the issuance model that changes that.

Infrastructure: From there we get into the plumbing. Most crypto infrastructure was built to route around banks. Structured products can't. They need custody, a paying agent, NAV, clearing, fiat settlement, all under a regulated roof. Roman Wildhaber of Bank Frick walks through that stack, using the bank's xPULSE settlement network as a concrete example of what it actually takes to connect a digital asset product to the banking system end to end.

Market: Then the demand side. There's broad agreement that client interest is real. It's much less clear the products to serve it exist yet. I'll be sitting down with Gabriele Gentile of Capital Finance & Bravo Company, who fields these client requests directly, to talk through what people are asking for and what they still can't get. This is the session that measures the gap the rest of the week is trying to close.

Tokenization: Midweek we take on tokenization, one of the most talked-about and least understood ideas in finance. Nick Cogswell, Head of Institutional Partnerships at Archax, the UK's first regulated exchange, broker and custodian for digital assets, walks us through what tokenization actually is, what's genuinely possible today versus what's still years off, and what it takes to tokenize a product.

Case Study: And then we get to something rare in these conversations: a product that actually exists. Damien Loh, CIO of Ericsenz Capital, joins me to walk through a Bitcoin structured note they designed, issued, and ran through its full lifecycle, coupon and all. Most talk about structured products on digital assets is theoretical. This one traded.

I expect 2-3 additional sessions will be added, so be sure to go back to the website to check.

Once the program is finalized I will drop you all another note.  

Looking forward to (virtually) seeing you there! 

Tom Lyons, GenTwo

 

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