OST - Eastern Switzerland University of Applied Sciences has launched a three-year project in conjunction with Ubinetic AG from Zug and CAT Financial Products AG from Zurich. The partners intend to develop optimal processes, incentive models and risk management systems for synthetic assets on the blockchain. According to a press release, these should contribute to the development of more secure applications in the field of decentralized financial services (DeFi). Innosuisse, the Swiss innovation agency, will finance half of the project costs.
“Our aim is to provide financial intermediaries with secure, reliable and cutting-edge technology”, comments Werner Brönnimann, co-founder of Ubinetic, in the press release. The technology should also enable private individuals to act with professional stakeholders and to control the counterparty risk for both sides in automated fashion. David Schmid, a partner at CAT Financial Products, sees fresh opportunities in “the production, sale and processing of structured products without counterparty risk”.
OST will participate in the project in particular through its Banking & Finance Competence Center, which is affiliated with its Institute for Corporate Management. Ubinetic AG will contribute its expertise in developing automated platforms for the decentralized creation of synthetic assets, while CAT Financial Products AG is set to bring its experience as a provider of investment solutions and technologies on the market for structured products to the table as part of this project.