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.
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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 · By asset
Art as an investable asset: funds, loans and AMCs
Art is one of the largest stores of private wealth, and one of the least liquid. Collectors borrow against it, funds buy it, and a Certificate Note can make it bankable.
What determines value
An artwork's value rests on the artist's market, the work's significance within their output, condition, provenance and exhibition history. Prices are discovered at auction and in private sales through galleries and dealers. Independent appraisers turn that evidence into a valuation that insurers, lenders and issuers can rely on.
Ways to invest in or finance art
- Direct ownership: buy, hold, insure and eventually sell.
- Art funds: a manager buys a portfolio of works for investors.
- Art-secured lending: collectors borrow against works they keep.
- Certificate Notes: an AMC on a managed portfolio of works, or a CLN that lends against a collection, with an ISIN either way.
Due diligence that cannot be skipped
Title, authenticity and provenance must be verified, including checks against stolen-art registers and any export or cultural-heritage restrictions. Works need professional storage, condition reports and insurance on agreed values. Anti-money-laundering checks apply to art transactions in many jurisdictions.
Risks to understand
- Illiquidity. A sale can take months, and timing matters.
- Taste and market cycles move prices, sometimes sharply.
- Valuation uncertainty, as no two works are identical.
- Costs: storage, insurance and sale commissions.
General information only. This is not financial advice. See the important information at the foot of this page.
Blackbull in practice
Collections and alternatives in practice
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.
Blackbull Engineers Alternatives AMC for Swiss-Powered Structured Capital Platform
Blackbull has been mandated to engineer a tailored Actively Managed Certificate dedicated to alternative assets for a swiss-powered financial services plat…
Read the announcement →
The Analogue Collection AMC, designed by Blackbull, goes live
Blackbull confirmed that the Actively Managed Certificate on the Analogue Collection — designed and engineered by Blackbull Equities for a luxury collectio…
Read the announcement →
Blackbull engineers AMC for Ferrari luxury car collection
Blackbull Equities has been mandated to engineer and launch a tailored Actively Managed Certificate as the financial instrument for a luxury collection of…
Read the announcement →Can a collector keep the art on their walls?
With art-secured lending or a CLN, often yes, subject to insurance and the lender's conditions. In an AMC, works are usually held in professional storage.
How is art valued for a certificate?
By independent appraisers at an agreed frequency, using auction and private-sale comparables.
Is art correlated with financial markets?
Less directly than listed assets, but art prices are linked to wealth and sentiment and can fall.
Sources
- Art Basel and UBS, The Art Market (annual report).
- Directive (EU) 2018/843 (Fifth Anti-Money Laundering Directive): art market participants.
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.