New Listings
Newly added illustrative instruments. Each one has been vectorised, scored and is already competing for a place in your top five.
5 new entries · all illustrative and invented
Kestrel Digital Trust · Public rollup
Dollar exposure held through a trust structure, aimed at holders whose other positions sit in the Pacific.
Vantara Mint
The newest yen structure and the least tested. High capital-efficiency characteristics, short operating history.
Illustrative — not a real instrument
The highest capital-efficiency characteristics here, on the shortest operating history here. Both are true at once.
The highest risk characteristics in the catalogue on every one of the three axes. Included because the profile has to be visible.
Kestrel Digital Trust
The Asian and Pacific set in one instrument. The Australian sleeve is what makes it more variable than its Singapore component alone.
Instruments from the most recently established issuers in the catalogue.
Yen exposure with same-day redemption — the combination the older structures in this set do not offer.
Kestrel's home instrument. The lowest volatility characteristic in the Asian set, and the most concentrated exposure.
Pacific exposure through a trust structure. The commodity linkage is the whole reason to hold it and the whole reason not to.
Terrapin Settlement
Built to be spent rather than held. The pooled reserve is what buys the throughput, and what costs the counterparty position.
A regional settlement instrument. Stable underlying, fast redemption, and a pooled reserve you are taking a view on.
Terrapin's home instrument — the fastest settling in the catalogue and the least stable. Both by design.
Meridian Reserve
The plainest instrument in the catalogue, and the deepest. Nothing here is structurally interesting, which is what it is for.
The most liquid euro instrument here — the same structure as Meridian's dollar cent, pointed at a different reference.