Collective investment arrangements

• Investment funds (regulated)
• Investment funds (unregulated, e.g., for sophisticated / qualified investors)
• Actively managed certificates, actively managed trackers (not regulated as collective investment schemes and thus allowing for lower cost and higher flexibility)
• Portfolio linked notes / bonds, strategy notes (similar to actively managed certificates)
• Exchange Traded Notes (ETNs) or Exchange Traded Products (ETPs)
• Investment Agency Islamic Certificates (Sukuk Al Wakala Bei Al Istithmar) (= actively managed certificates, Shariah-compliant)

Packaging exciting investment opportunities for distribution

• Asset-backed notes (good for packaging pre-IPO, anticipated IPO, venture, special situations (distressed assets) etc.)
• Actively managed certificates, portfolio linked notes / bonds, performance linked notes / bonds (good for packaging managed portfolios and active market strategies)
• Loan participation notes, Recovery notes (if the funding is raised to buy out a bad debt for potential recovery)

Raising equity capital globally

• In some countries we may help with local share (stock) issuance, but this is jurisdiction-specific. For global capital raise we will create a holding company in a good holding company jurisdiction and arrange for its stock issuance
• Equity-linked notes (legally, debt instruments, but fully linked to, and backed by, equity)
• Depositary receipts, depositary notes: global and market-specific
• Equity-linked security tokens, to raise funds from crypto investors

Raising debt financing globally

• ‘Eurobonds’ in the form of plain vanilla bonds, notes, loan participation notes (LPN)
• Credit-linked notes (CLN) to package debt portfolios into a single security
• Mortgage-backed securities (market-specific)
• Convertible notes (venture financing etc.)

Raising finance from Shariah-compliant investors

• Shariah-compliant investment funds
• Shariah-compliant actively managed certificates, portfolio linked notes, performance linked notes etc. to package managed strategies / portfolios
• Sukuk al Mudarabah (Business Partnership Islamic Certificate), good for financing assets and active businesses
• Sukuk al Ijarah (Lease Financing Islamic Certificate), good for financing assets generating a rental / leasing income
• Sukuk al-Istisna (Asset Financing Islamic Certificate), good for financing the creation or acquisition of an asset with subsequent lease-back to the originator of the issue
• Sukuk al Wakala bei al Istithmar (Islamic Investment Agency Certificate), a collective investment management tool, similar to an investment fund but easier to set up and administer
• Shariah-compliant money market instruments (various types, depending on the distribution market)
• Shariah-compliant derivative products (various types, legal structure is distribution market-specific)

Packaging investment bets on market movement

• Structured products (structured notes, certificates) of all types
• Themed actively managed certificates
• Derivative products (exchange-listed and OTC)

Multiple securities (feeder instruments) to finance a single investment

A single security may not necessarily be optimal to raise finance from different markets. In such cases a combination of instruments feeding capital into the same asset or managed pool is used. For example, a mining company in Country X may offer local securities to local investors and organize a capital raise for global investors through securities admitted to Euroclear/Clearstream. Another example is when investment is raised through ordinary securities, but a separate instrument is created to raise funds for the same underlying portfolio / business / asset / strategy from crypto investors by offering them regulated security tokens linked to the same underlying.

Crypto related instruments

We arrange issues of ordinary regulated securities enabling raising of ‘fiat’ funds to be invested in the crypto-sphere (single crypto assets / crypto asset portfolios / actively managed strategies in crypto / DeFi yield schemes etc.) Such securities can take the form of debt instruments (bonds / notes) with a variable coupon, fully principal guaranteed or not. Alternatively, we use the form of actively managed certificates. Those can be either Euroclear / Clearstream admitted (with an option for being listed on a EU stock exchange) or subject to other depository / clearing arrangements.

We create and enable easy trading arrangements (e.g., exchange listing) for regulated derivative instruments where the underlying asset is a crypto asset.

If the initiator of the issue wishes to raise funds in crypto to be invested into real-world assets or businesses, we arrange the issuance of regulated security tokens where the underlying asset is the RWA.

Alternatively, we may issue ordinary securities linked to the RWA but enable their purchase with crypto (via a licensed crypto broker and a securities broker).