Swiss fintech GenTwo has surpassed the $6 billion mark in Assets under Service (AuS), a measure linked to outstanding structured products, according to a press release published on Thursday morning. This figure represents a doubling of assets on its platform over the past 22 months.

GenTwo’s asset growth has accelerated markedly since its founding. The firm’s AuS climbed from just $300 million at end-2019 to $1 billion by March 2021, $2 billion by April 2022, and $3 billion in September 2023.

«Fundamental Transformation»

In the release, co-founder and Chairman Patrick Loepfe said GenTwo had «fundamentally transformed» the assetization process by making it easier for financial professionals to issue structured products.

CEO Philippe A. Naegeli reiterated the company's mission of «democratizing access to structured product creation, enabling asset managers, banks, and financial intermediaries to innovate at unprecedented speed and scale».

Leonteq in Sight

GenTwo’s platform allows asset managers and banks to securitize almost any asset off-balance sheet at low cost. The firm recently launched AMC Creator, a tool to turn any asset or strategy into an Actively Managed Certificate (AMC) within days, supported by partners including Swissquote and Sygnum Bank (as reported by finews.com).

With its rapid growth, GenTwo is gaining ground among Swiss structured product specialists. Industry pioneer Leonteq reported total assets on its platform of 13.4 billion francs at year-end 2024 (also end-2024).

Backing from Big Money

While these figures give an indication of serviced asset volumes, they are not directly comparable and are not necessarily linked to revenue, given the different product structures — mainly Actively Managed Certificates (AMCs) in GenTwo’s case — and the varying maturity profiles of clients’ structured products.

Nonetheless, GenTwo is showing the kind of momentum likely appreciated by venture capital investors such as Point72 Ventures, which led GenTwo’s last financing round in late 2023 that brought in $15 million in fresh capital.