InCore Bank, a Swiss B2B banking service provider, has launched its comprehensive crypto asset product: a securitization solution named CRYSP which was established in cooperation with GenTwo Digital.
The solution allows all asset managers, whether they are from a bank or external, to build bankable products based on crypto currencies, and then offer them to their clients in the form of actively managed certificates (AMC) without having to deal with the entire set-up.
The white label approach allows asset managers and banks to implement and offer their crypto strategies to their clients easily and fully compliant.
Actively Managed Certificates (AMCs) enable active management of structured financial products. Clients of the while label solution have the option to provide their crypto AMCs with their own fee models and distribute them under their own name.
As a pure transaction bank, InCore Bank takes care of the entire technical and regulatory implementation of the strategies and the issuance and settlement of the corresponding certificates for its clientele. GenTwo Digital establishes and coordinates the securitization platform and calculates the value of the certificates.
InCore Bank operates and represents the crypto asset solution. In parallel, the Zurich-based transaction bank acts as paying agent.
The execution of trades and the custody of the assets will be done through Kraken’s leading platform. As the leader in euro volume and liquidity for crypto, clients will get access to more than 70 different assets and trading in 7 different fiat currencies.
Mark Dambacher, CEO of InCore Bank AG, said: «With CRYSP, we are thrilled to make it easier than ever before for banks and asset managers to offer investments in digital assets. The fact that we are close to issuing and trading the first certificates is a testament to the market’s dynamism.»
The first products on CRYSP are co-created by Zurich-based DuLac Capital as well as Zug-based CV VC: a basket of the eight largest coins traded on Kraken and a selection of so-called DEFI tokens.