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
Investing in illiquid and non-bankable assets
Many valuable assets cannot be held in a bank account: a car collection, a royalty stream, a stake in a private company. A Certificate Note changes that. It does not change the asset, only how investors can own it.
What “non-bankable” means
A bank can hold an asset for a client when it can identify it, settle it, keep it in custody and price it. Shares and bonds tick every box: they have an ISIN, they settle through clearing systems and they have a market price. A painting, a cask of whisky or a share in a private company ticks none. The asset may be valuable, but for the banking system it does not exist.
How a Certificate Note bridges the gap
The asset is held by an issuer, usually in a segregated compartment created for it. The issuer issues a Certificate Note, either an AMC, a tracker or a CLN, with an ISIN. That note is bankable: it settles, it sits in custody and it has a price set by an agreed valuation. The investor holds the note, and the note is linked to the asset.
Example of our structuring work · MandateBlackbull Engineers Alternatives AMC for Swiss-Powered Structured Capital PlatformBlackbull has been mandated to engineer a tailored Actively Managed Certificate dedicated to alternative assets for a swiss-powered financial services platform focused on the engineering, management, issuance, and distribution of structured investment products. Read the release →
Getting the terms right
- Valuation. Who values the asset, how and how often. Independent valuers, auction comparables, appraisals or cash-flow models, depending on the asset.
- Custody and insurance. Physical assets need safe storage, insurance and verified title.
- Redemption terms that match the asset. An asset that takes months to sell cannot back a certificate that promises daily redemptions.
- Costs. Storage, insurance and valuation are part of the running costs and belong in the terms.
Assets we see most often
Private company shares, music catalogues and royalties, collectible cars, superyachts, real estate, whisky casks, art, and digital assets. Each has its own guide: start with private equity, music rights or car collections.
General information only. This is not financial advice. See the important information at the foot of this page.
Blackbull in practice
Alternative assets we have made investable
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 the 38 Talent Global Music Index
Blackbull Equities has been mandated to engineer and launch a tailored Actively Managed Certificate as the financial instrument for 38 Talent, an internati…
Read the announcement →Does the owner have to sell the asset?
Not necessarily. With a CLN the owner borrows against the asset and keeps it. With an AMC the asset, or an interest in it, is held by the issuer, and the owner can keep part of the exposure.
How do investors exit?
Through the redemption terms of the certificate, or by selling the certificate to another investor. Terms are set to match how quickly the underlying asset can be sold.
Is there a minimum size?
Fixed costs mean very small assets rarely justify their own certificate. Several smaller assets can be combined in one portfolio.
Sources
- Luxembourg Law of 22 March 2004 on securitisation, as amended.
- ISO 6166, International Securities Identification Number (ISIN).
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.