The old wayGeneration One
The new wayGeneration Two (GenTwo)
High-cost / labor, manual structuring
API-driven, algorithmic / automatic structuring
Dependent on in-house quant teams
Modular, on-demand mass-customized product design
Slow customization cycles
Scalable, real-time investment structuring
Limited to large institutions
Accessible to fintechs, platforms, and intermediaries
Requires balance-sheet exposure and heavy infrastructure
Infrastructure-first, off-balance-sheet solutions
Product TTI · time to issuanceMonths
Product TTI · time to issuanceMinutes