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
Crypto and digital assets in a bankable AMC
Many investors want exposure to digital assets but cannot, or will not, hold them on an exchange or in a wallet. An AMC puts a managed crypto portfolio into a security that settles like any other.
Why wrap digital assets
Private banks and many professional investors cannot hold crypto directly: their custody systems, mandates and compliance frameworks are built for securities. A certificate solves this. The investor buys an ISIN in their existing account. The issuer, through a regulated custodian, holds the digital assets.
How it is structured
A crypto asset manager runs the reference portfolio, for example Bitcoin and Ether, a broader basket, or an index-based strategy with rebalancing. The issuer holds the assets with an institutional custodian, values them from exchange prices and issues an AMC whose value follows the portfolio. Settlement and custody of the certificate run through the normal clearing systems.
Example of our structuring work · Live issuanceNETWRK Asset Index AMC, designed by Blackbull, goes liveThe NETWRK Asset Index AMC, designed and engineered for a Swiss crypto asset management firm, is officially live and ready for subscriptions. Read the release →
The regulatory setting
Switzerland adapted its laws to distributed ledger technology through its DLT Act, in force since 2021, which also created rules for segregating crypto assets in bankruptcy. In the EU, the Markets in Crypto-Assets Regulation (MiCA) applies to crypto-asset service providers from 30 December 2024. A certificate on crypto is itself a security, so securities rules apply to its offer.
Risks to understand
- Volatility. Crypto prices can move by large amounts in days.
- Custody and operational risk at the custodian and exchanges.
- Issuer risk, as with any certificate.
- Regulatory change in how digital assets are treated.
General information only. This is not financial advice. See the important information at the foot of this page.
Blackbull in practice
Digital-asset certificates 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.
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 →
NETWRK Capital Index AMC, designed by Blackbull, goes live
The NETWRK Capital Index AMC, designed and engineered for a Swiss crypto asset management firm, is officially live and ready for subscriptions.
Read the announcement →
Blackbull engineers AMC vehicle for token-collateral leasing company
Mandated to engineer a tailored AMC for a digital asset and token-collateral leasing company, helping them leverage their assets as the underlying value of…
Read the announcement →Do investors need a crypto wallet?
No. They hold the certificate in their normal bank custody account.
Can tokenised real-world assets be included?
Yes, where the issuer and custodian can hold them and they can be valued.
How often is the certificate priced?
Crypto trades around the clock, so certificates are typically valued daily from reference exchange prices.
Sources
- Swiss Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology (DLT Act), 2021.
- Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA).
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.