Cross-border collaboration of financial institutions to setup manufacturing and distribution channel for structured products between Asia and Europe

Mr David Schmid, Co-CEO of CAT Financial Products (left) and Mr Winston Quek, CEO of SBI Digital Markets (right)

Singapore / Zurich, 6 March 2024 – SBI Digital Markets Pte. Ltd. (SBIDM) in Singapore and CAT Financial Products AG (CATFP) in Zurich today announced their partnership to establish a strategic manufacturing and distribution channel of structured investment products between Asia and Europe. The collaboration between both regulated financial companies aims to leverage the combined expertise, global reach, and leading technology of two industry experts.

Through the partnership, SBIDM and CATFP aims to enhance the financial landscape and meet the growing demand for sophisticated investment products. By combining their extensive distribution networks and strengths, both companies will benefit from the constantly evolving financial markets to offer institutional investors a diverse range of structured financial products designed to meet the specific needs and preferences of investors across the regions.

Winston Quek, CEO of SBI Digital Markets, commented: “This partnership strengthens our structuring capabilities, boosts our product offerings and provides our clients with access to innovative investment opportunities. With CAT Financial Products’ established reputation and capabilities, our partnership will allow SBIDM to increase our product capabilities and distribution network.”

David Schmid, Co-CEO of CAT Financial Products, continued: “We are excited to work hand in hand with SBI Digital Markets to expand our horizons and enter new markets in Asia. This collaboration aligns perfectly with our mission to provide top-notch financial products while maintaining the utmost integrity and client trust.”

Through the partnership, SBIDM and CATFP will both unlock an expanded distribution network in Europe and Asia. As a subsidiary of SBI Digital Asset Holdings, the digital asset arm of Japan’s leading conglomerate SBI Group – with the largest securities account customer base and second-largest trading market in Japan – SBIDM brings strong network expansion opportunities to the partnership.

CATFP, known for its issuance and distribution capabilities for structured products and actively management certificates in Switzerland, has years of experience in the manufacturing and distribution of financial products. Through the collaboration, SBIDM will gain access to CATFP’s robust price discovery and lifecycle management platform CUGLOS.

By integrating these services into SBIDM’s own financial product platform, clients will benefit from real-time pricing information for structured investment products while allowing them to track and manage all outstanding products seamlessly. This ensures a comprehensive and efficient approach to serving its investors throughout the entire life cycle of the products. Furthermore, SBIDM will benefit from CATFP’s issuance platform for actively management certificates, exchange-traded products (“ETPs”), thematic tracker certificates, leveraged products and the ability to securitize semi-liquid or illiquid assets.

Both companies are actively working on integrating the issuance capabilities and CUGLOS platform into SBIDM’s operations, and the first structured products are expected to be rolled out in Switzerland, Europe, and Asia in the coming months.

About SBI Digital Markets (www.sbidm.com)

SBI Digital Markets is a subsidiary of SBI Digital Asset Holdings, the digital asset arm of Japan’s leading conglomerate SBI Group. With the largest securities account customer base and second-largest trading market in Japan, SBI Group has a global network across 25 countries including key markets in Asia and Europe. SBI Digital Markets offers clients a comprehensive digitalisation framework from origination, tokenisation, distribution to custodian services across traditional and Web 3.0 product suites.

About CAT Financial Products (https://catfp.ch/en)

CAT Financial Products AG is one of the leading Swiss Securities Houses in the structured products market. Since 2008, CAT Financial Products has been offering its services to professional asset managers, banks and institutional investors using one of the most innovative technologies. The company received its securities firm licence in 2023 and has been expanding its product, trading and service offering ever since. For further information please visit www.catfp.com.