Our services
We make any asset investable
Blackbull specializes in converting private equity and alternative assets into bankable, transferable Certificate Notes with their own ISIN, accessible to qualified investors in the regulated capital markets.
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Turn your asset or opportunity
into an investable proposition.
Services
From asset to ISIN
We financial engineer any traditional or alternative asset to make it investable, specializing in converting private equity, illiquid, and non-bankable assets into Certificate Notes - bankable, transferable instruments with their own ISIN, held directly in an investor's bank account.
Core service
Certificate Notes
We make any asset investable
A Certificate Note is a bankable, transferable security issued against your asset or strategy. It carries its own ISIN, settles through the regulated international clearing and settlement system that banks already use, and can be deposited directly into an investor's bank account like any other holding.
This is how a company's private equity is made investable. How a Ferrari collection becomes a portfolio line. How a music catalogue becomes subscribable. How a superyacht's charter income becomes a cashflow-backed instrument. How a sports team raises capital. How art and luxury collections can be leveraged. The underlying assets change; the mechanism does not.
At a glance
- InstrumentAMC / CLN / Tracker
- IdentifierISIN
- Held viaInvestor bank account
- TransferableYes
- ValuationIndependent
- UnderlyingAny asset of value
- InvestorsAsset managers & qualified
- EnvironmentFully regulated
Selected mandates
Certificate Notes we have engineered
Also available
Further services
Meeting global funding sources
Meet qualified capital sources in person, one-on-one, to discuss the funding of your company. Every introduction is drawn from a global network of private and institutional investors.
That network spans Europe, USA, and Asia, with combined managed assets above USD $100bn, and we guarantee the sources you meet are both qualified and interested.
- Europe · USA · Asia
- $100bn+ network
- One-on-one
- Qualified sources
Getting listed cost-effectively
A pay-as-you-go route to a capital market listing. We begin by matching your company's qualifications against the listing suitability of targeted exchanges, so you only pursue venues that fit.
You then select your preferred venue from those that matched, and Blackbull processes and executes the listing on it, keeping the cost to what the outcome genuinely requires.
- Pay-as-you-go
- Suitability match
- Venue selection
- Processed & executed
Feasibility
Not sure your asset can be wrapped
into a certificate note?
Ecosystem
Licensed and Regulated
Operating within a licensed and regulated ecosystem, Blackbull facilitates the advisory, financial engineering, asset management, issuance, and distribution of its investment products, providing confidence and security to both clients and investors.
The platform
The Structured Capital Platform
Blackbull is an official partner of the Structured Capital Platform, the layer that connects asset management, financial engineering, product issuance, and product distribution across a group of specialist member entities, each handling one part of a transaction so that the whole remains institutional-grade end to end.
Affiliated Institutions
Capital markets & Financing Institutions
Blackbull instruments are admitted, listed, traded, and financed across a network of traditional exchanges, OTC markets, digital venues, and financial institutions. Our affiliations include institutions such as SIX SIS, Euroclear, Swissquote Bank, Incore Bank, ISP Securities, Kraken, and more, so each mandate can be placed where it genuinely belongs.
The Circle
Private Capital Network
About
Who we are
Blackbull is a boutique capital advisory and financial engineering firm turning private, illiquid and non-bankable assets into investable instruments. Leveraging our private capital markets network, backed by a team of senior executives with a footprint across six continents and more than twenty years of transactions engineered, Blackbull specializes in making any assets investable.
People
The team
A 30-year track record in investments, capital markets and policy across 30+ countries. Co-founded The Maestro Group, advised U.S. Senator Max Baucus, and spent thirteen years at UBS.
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Focused on structured products, digital-asset listings and securitisation across the certificate programmes. A 2018 World Blockchain Summit speaker and an Edinburgh engineering graduate.
LinkedIn ↗
A valued member of the advisory board for Asia, instrumental in building the firm's relationships across the region and a fixture at its early engagements. Remembered with deep gratitude.
Advisor for Asia with decades of chief-of-staff experience to senior executives and board members across finance, transportation, mining and technology, and Asian-European market transactions.
Advisor for North America in international trade and government relations. Chairman of Jinboast E-Commerce Tianjin, former CEO of the Global Trade & Technology Center, and an NYU MPA.
Global footprint
Where we have been active
Status: 2026
Cities with more than one entry are outlined in gold — click one to zoom in. Click a category above to filter the map.
In their words
References
News
Issuances & announcements
Selected mandates, launches, listings, and completed transactions engineered by Blackbull. This is a running record of corporate news, investment instruments, and capital market admissions delivered for clients across Europe, the Americas, Africa, and Asia.
Guides · Launching & distribution
Actively Managed Certificates in Switzerland
Switzerland is one of the world's largest markets for structured products, and the natural home of the Actively Managed Certificate. Here is how the Swiss framework treats AMCs, and what that means for managers and investors.
Why Switzerland
Switzerland combines a large private-banking and asset-management industry, a long tradition of structured products, and infrastructure built for them: SIX Swiss Exchange lists thousands of structured products, and SIX SIS settles and holds them. Independent asset managers, who manage a large share of Swiss private wealth, use AMCs to package their strategies for clients across many custodian banks.
How the law treats AMCs
An AMC is a structured product, not a collective investment scheme. It is therefore not authorised as a product by FINMA in the way a Swiss fund is. The Financial Services Act (FinSA), in force since 1 January 2020, sets the rules for offering it:
- Prospectus. A public offer generally needs a prospectus, with exemptions such as offers made only to professional clients.
- Key information document. Required when a structured product is offered to retail clients.
- Retail offers. Structured products offered to retail clients outside a portfolio management relationship must be issued, guaranteed or equivalently secured by a supervised institution.
Since 2023, managers of individual portfolios are themselves licensed by FINMA and supervised by authorised supervisory organisations, which is part of what banks check before accepting an AMC.
Issuers and infrastructure
AMCs in Switzerland are issued by banks and by specialised issuance platforms, often using segregated compartments so that each certificate's assets are kept apart. Settlement runs through SIX SIS, and international certificates through Euroclear and Clearstream. A listing on SIX Swiss Exchange is optional.
Example of our structuring work · Live issuanceAMC for Swiss asset management firm, designed by Blackbull, goes liveThe AMC designed and engineered for a Swiss asset manager is officially live. Read the release →
Who uses AMCs in Switzerland
- Independent asset managers, to run one strategy for many clients across many banks.
- Boutiques and specialists, such as technology, crypto or real-asset managers, to build a track record.
- Family offices, to pool and report holdings efficiently.
General information only. This is not financial advice. See the important information at the foot of this page.
Blackbull in practice
Swiss AMCs we have engineered
Examples of Blackbull’s structuring work, shown for illustration only. They are not an offer, a recommendation or an invitation to invest in any of these instruments.
AMC for Swiss asset management firm, designed by Blackbull, goes live
The AMC designed and engineered for a Swiss asset manager is officially live.
Read the announcement →
PAM Diversified Index AMC, designed by Blackbull, goes live
The PAM Diversified Index AMC is officially live.
Read the announcement →
NETWRK Asset Index AMC, designed by Blackbull, goes live
The NETWRK Asset Index AMC, designed and engineered for a Swiss crypto asset management firm, is officially live and ready for subscriptions.
Read the announcement →Does an AMC need FINMA approval?
No product approval is needed, because an AMC is not a collective investment scheme. The manager, the issuer and the distributors are subject to their own licensing and conduct rules.
Can Swiss retail investors buy AMCs?
Only under the conditions FinSA sets, including a key information document and an issuer or guarantor that is a supervised institution, unless the investment is made within a portfolio management mandate.
Does the manager have to be Swiss?
No. Foreign managers use Swiss and international issuers too. Banks will check that the manager is properly licensed in its home jurisdiction.
Sources
- Swiss Financial Services Act (FinSA) and Financial Services Ordinance (FinSO), in force since 1 January 2020.
- Swiss Financial Institutions Act (FinIA): licensing of portfolio managers.
- Swiss Collective Investment Schemes Act (CISA).
- Swiss Structured Products Association (SSPA).
Important information. This guide is not financial advice. It is general information about how certain financial instruments work. It is not investment, legal or tax advice, and it is not an offer or a solicitation to buy or sell any security. Certificate Notes are complex instruments: their value can fall as well as rise, investors can lose some or all of the amount invested, and they are exposed to the credit risk of the issuer. Many are available only to professional or qualified investors, and the rules differ by country. References to Blackbull mandates and launches illustrate our structuring work, are shown for illustration only, and are not an indication of future results. Blackbull Equities provides advisory and structuring services; it does not itself issue securities, accept deposits or manage client assets. This website is not directed at persons in any jurisdiction where its content would be unlawful, including the United States. Seek independent professional advice before making any investment decision.