Zurich-based CAT Financial Products has inked a tie-up with the Singapore digital markets unit of Japan’s SBI.
CAT Financial Products (CATFP) in Zurich and SBI Digital Markets’ Singapore unit (SBDIM) have formed a partnership to establish a strategic manufacturing and distribution channel of structured investment products between Asia and Europe, according to a statement. The tie-up aims to meet the demand for sophisticated structured products and unlock an expanded distribution network in the two regions.
«This partnership strengthens our structuring capabilities, boosts our product offerings and provides our clients with access to innovative investment opportunities,» said SBDIM CEO Winston Quek. «With CATFP's established reputation and capabilities, our partnership will allow SBIDM to increase our product capabilities and distribution network.»
Structured Product Offering
Through the partnership, SBDIM will gain access to CATFP’s price discovery and lifecycle management platform CUGLOS. It will also benefit from CATFP’s issuance platform for actively managed certificates, exchange-traded products, thematic tracker certificates, leveraged products and the ability to securitize semi-liquid or illiquid assets.
SBI Digital Markets is a part of parent company SBI Digital Asset Holdings, which itself is under the umbrella of SBI Holdings – a Japanese internet-based financial giant spun off from SoftBank.
Launch Timeline
According to the statement, both companies are now working on integrating the issuance capabilities and CUGLOS platform into SBIDM's operations. The first structured products are expected to roll out in Switzerland, Europe, and Asia in «the coming months».
«We are excited to work hand in hand with SBI Digital Markets to expand our horizons and enter new markets in Asia. This collaboration aligns perfectly with our mission to provide top-notch financial products while maintaining the utmost integrity and client trust,» added CATFP co-CEO David Schmid.
