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Innosuisse supports an innovative project in the field of so-called "Decentralized Finance" or "DeFi". The University of Applied Sciences of Eastern Switzerland (OST), Ubinetic AG (ubinetic) and CAT Financial Products AG (CATFP) jointly implement their project "Automated risk management for a DLT-based ecosystem of synthetic assets". Innosuisse funds half of the total project costs.

Zurich, 19 May 2022 - OST will work closely with ubinetic and CATFP over the next three years to develop optimal processes, incentive models and risk management systems for synthetic assets on the blockchain. These topics are critical building blocks for the development of secure and viable applications for Decentralized Financial Services (DeFi).

"We are convinced that the topic of DeFi will be of great importance in the future and is an ideal way to continue Switzerland's long-standing tradition as a leading global financial services provider. To achieve this, ubinetic works on building bridges between DeFi and traditional finance," explains Werner Brönnimann, co-founder of ubinetic. "Our goal is to provide financial intermediaries with secure, reliable and state-of-the-art technology. This should enable private individuals to interact in a fully automated way with professional market makers while adequately controlling counterparty risk for both sides. Complex research questions arise in order to commercially exploit these new opportunities. I am very excited to be part of this broad team and to address these fascinating questions. We are all looking forward to working on this project and thank Innosuisse for considering us," adds Thomas Krabichler, lecturer at OST.

The further development of the Swiss financial market and the development of innovative financial products is also the focus of the third player CATFP. David Schmid, partner of the company, sums this up as follows: "Structured investment products are still offered in the traditional sense and, with their various design options, offer a significant contribution to risk diversification in the client portfolio. However, there are new possibilities in the production, distribution and settlement of structured products without counterparty risk. As an innovative provider of investment solutions and technologies, we also like to think one step further for our clients and research together with our colleagues what investment opportunities in the decentralized financial sector can look like. This is the only way we can develop further, and ultimately the Swiss financial center as well."

The University of Applied Sciences of Eastern Switzerland, or OST for short, is the university of applied sciences for the six cantons of Eastern Switzerland and the Principality of Liechtenstein. It is the educational center of the region with around 3,800 students in six schools, 1,500 professionals in management training and more than 1,000 ongoing research projects. OST combines 170 years of tradition in education and research. https://www.ost.ch/

Ubinetic AG develops automated platforms and tools that enable the modular and decentralized creation of customized synthetic assets. It is a diverse group of experts with complementary skills who share the vision of an open ecosystem. https://ubinetic.com/

CAT Financial Products AG is one of the leading independent Swiss providers of investment solutions and technologies in the structured products market. Since 2008, it has been offering its solutions to asset managers, banks and institutional investors through one of the most innovative service and technology platforms. https://www.catfp.ch/

Innosuisse is the Swiss Agency for Innovation. Its task is to promote science-based innovations in the interest of the economy and society in Switzerland. https://www.innosuisse.ch/