Structured Products. Tokenised.
Autocalls, reverse convertibles, principal-protected notes, leveraged trackers: the structured products universe wrapped as tokenised instruments. On-chain settlement, broader distribution, smart-contract-enforced payoff logic.
Structured Products.
Structured products are debt instruments that encode option payoffs onto the issuer's balance sheet. They're a $2T+ market globally, distributed primarily through private banks and structured-product brokerages. The economic concept is simple: pre-defined payoff at maturity based on the performance of an underlying (an equity, an index, a basket, a crypto reference rate), with downside protections, leverage, or callability layered on.
Tokenising a structured product takes the same legal instrument (a note or certificate issued by an SPV) and replaces the off-chain register and settlement layer with smart-contract-enforced equivalents. The payoff terms are programmed into the smart contract; settlement at maturity happens atomically against a cash leg. Distribution expands beyond the private-banking channel: any KYC'd investor wallet can hold the token.
What this unlocks is a structured-products world that doesn't require investors to have a structured-product brokerage relationship. It also shortens the settlement cycle dramatically and makes secondary trading among pre-onboarded investors possible, a long-standing pain point for retail-distributed structured products.
Built for issuers who want to distribute differently.
Issuers running structured-product programmes
Already issuing autocalls, reverse convertibles or principal-protected notes through conventional channels. Want to add a tokenised channel to broaden the addressable investor base.
Crypto-native structured-product managers
Building structured products referencing crypto underlyings, such as covered call programmes, BTC-USD principal-protected notes, basis-trade certificates.
Wealth managers building bespoke notes
Have a specific investor mandate (a bespoke autocall on a custom basket, a yield-enhancement note tied to a particular index) and want to issue it as a tokenised instrument rather than going through a bank counterparty.
Four steps from term sheet to live token.
The same structuring path you'd follow for a non-tokenised product, with the smart-contract and identity-registry pieces wired in from the start.
Term sheet
Payoff structure agreed; underlying confirmed; reference levels and KIs set.
Vehicle
Cell or vehicle established; offering documentation finalised.
Mint
Tokens minted with payoff logic encoded in the smart contract; investors onboarded.
Lifecycle
Underlying observed against trigger levels; payoffs enforced at maturity or autocall events.
Established jurisdictions. Clear protections.
Standard structured-product mechanics, on-chain
Structured products tokenise cleanly because the underlying legal nature is already a debt instrument. The smart contract enforces the payoff; the administrator overlay, run by a licensed third party, handles edge cases and lifecycle events.
- →Autocalls: auto-redemption at predetermined levels with coupon
- →Reverse convertibles: yield enhancement with conditional capital repayment
- →Principal-protected notes: capital protection with upside participation
- →Leveraged certificates: geared exposure to a defined underlying
- →Bespoke payoffs: custom structures designed for specific mandates
Side by side.
| Feature | Bank-issued note | Tokenised structured product on Assetize | Bespoke OTC structure |
|---|---|---|---|
| Issuer | Bank balance sheet | Segregated cell / SPV | Bank balance sheet |
| Distribution | Private banks only | Identity-gated wallets | Bilateral |
| Settlement | T+2 typical | Atomic on-chain | Bespoke |
| Secondary trading | Limited | Permissioned secondary | Negotiated |
| Min investment | $100k+ | Configurable from $1k | $1m+ |
Common questions.
Can the smart contract enforce knock-in / knock-out triggers?+
Yes. The payoff logic (knock-ins, knock-outs, autocall levels, coupons) is programmed into the smart contract and verified against on-chain or oracle-published reference data.
What underlyings do you support?+
Single stocks, indices, ETFs, currency pairs, commodities, crypto reference rates, baskets, and custom indices. Reference data sourced via institutional-grade oracles.
How is credit exposure handled?+
Each structured product is issued through a segregated cell or SPV: investors have a claim against the cell's assets, not the broader issuer's balance sheet. Bankruptcy-remote.
What chains do you support?+
Issuance is supported on any chain we work with, including EVM Layer 2s and Ethereum Layer 1 by default; other chains by arrangement.
Related solutions.
Tokenised Strategies
When the strategy underneath is what's tokenised.
Explore →Actively Managed Certificates
AMC-format wrapper for strategy and basket exposure.
Explore →Tokenised RWAs
When the underlying is a real-world asset rather than a payoff structure.
Explore →Launch on Assetize in weeks.
Tell us about the use case and we'll come back to you with a structuring path, an administrator estimate, and a timeline.
Apply to issue →