SRP’s news desk reviews some of the most read stories from last week.
Citi has issued its first digitally native structured note on the Digital Financial Market Infrastructure (D-FMI) platform operated by Euroclear.
Issued by Citigroup Global Markets Funding Luxembourg, the transaction marks the debut of a digitally native structured note on the D-FMI platform and is understood to be the first such offering in the wealth management industry.
The US bank said the deal demonstrates how distributed ledger technology can be integrated into existing capital markets infrastructure to improve operational efficiency, transparency and scalability while maintaining the familiar investment profile expected by wealth management clients.
On the Belgian primary market, structured products’ turnover reached €3.11 billion (US$3.60 billion) during the fourth quarter of 2025, up 45% year-on-year
On the Belgian primary market, structured products’ turnover reached €3.11 billion (US$3.60 billion) during the fourth quarter of 2025, up 45% year-on-year, according to the latest figures released by the Belgian Structured Investment Products Association (Belsipa). It was also the first time since Belsipa started its quarterly reporting in 2013 that turnover exceeded the €3 billion mark.
Davy, the Dublin-based firm, is ramping up issuance while integrating sustainability preferences across advisory and discretionary portfolios.
Société Générale continues to lead SeDeX through innovation, education and deep market expertise, with 84% market share in fixed-leverage certificates and 3,000 turbo products on offer in Italy.
An estimated US$637m was collected from 129 publicly offered structured products that struck during Q4 2025 in Central and Eastern Europe (CEE) markets covered by SRP.
In the US, indexed universal life (IUL) new annualised premium came to US$1.3 billion in the fourth quarter of 2025, up 12% year-over-year, preliminary results from Limra’s individual life insurance sales survey showed.
MerQube unveiled a strategic partnership with Seattle-based Noonum specialising in artificial intelligence. Under the agreement, the technology-led index provider backed by J.P. Morgan is deploying machine reasoning to large language model (LLM) and knowledge graphs to create thematic indexes ‘in minutes’ by paring Noonum’s agentic AI-driven thematic intelligence with its index calculation and governance infrastructure.
Barclays has appointed Khalid Aboulfouioud as head of equities exotics and hybrids structuring for the Americas, strengthening its capabilities in complex derivatives and structured solutions across the region.
Patrick Oberhaensli, CEO and Founder of EVOLIDS FINANCE LLC, shared in an analysis how Rho affects valuation and why the so-called “risk-free” rate is never truly risk-free.
For the SRP actively managed certificates (AMC) report, HSBC shared its push into equity derivatives, structured products and AMCs, while Chartered Investment is looking to transform the AMC space through index-based structures, digital automation and tokenisation.
Super Global’s Daniel Knoblach explains how technology, operational integration and regulatory robustness are shaping the next stage of AMC growth. BlueBridge Asset Management is building out its structured products business, navigating UK fund plumbing and exploring Ucits, AMCs and scalable systematic strategies.
Meanwhile, SBI Digital Markets says the AMC market is slowly taking hold in Asia, combining traditional assets with crypto-linked strategies as investors look for flexible, cost-efficient investment structures.
Japan’s structured Uridashi, also locally known as complex structured bonds, recorded continuous sluggish sales in 2025, with volumes falling 15% year-on-year to JPY2.1 trillion (US$13 billion), according to the latest report from the Japan Securities Dealers Association. Almost all of these volumes came from private placements.
Solactive announced that KB Securities, Korea Investment Securities, Meritz Securities, and Samsung Securities in Korea will use the Solactive Silver Total Return Leveraged Index family as the underlying benchmark for their new Silver Total Return exchange-traded notes (ETNs).
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