Singaporean fintech company Hashstacs (aka Stacs) and EFG Bank have completed the ‘phase-1’ of a co-developed blockchain structured product platform after 12 months, which aims to automate the trade inception and servicing through distributed ledger technology (DLT) while tracking risk activities and maintain them within a specified threshold.
In an interview with SRP, Ivan Ferraroni (pictured) , head of global markets Asia of EFG, and Chuan Ji Lim, strategy director of Stacs, talked about the partnership progress and challenges ahead and their outlook on the potential of the platform to help grow the market. The partnership with the Swiss private bank is testimony to the ‘significant importance’ structured products have gained in Asia with both professional and accredited investors as well as independent asset management