Helveteq
Helveteq AG is a Swiss-based, private product manufacturer that structures and issues fully collateralised ETPs, nETPs, AMCs and tracker certificates under a SIX-approved prospectus, distributing them exclusively through banks and brokers for financial intermediaries and their end-investor clients.
- Company typePrivate
- Founded2018
- HeadquartersFreienbach, Switzerland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Helveteq does
Helveteq AG is a privately held Swiss product manufacturer (registered in Pfäffikon, Switzerland; legal entity CHE-224.032.032) that structures and issues Exchange Traded Products (ETPs), Non-listed Exchange Traded Products (nETPs), Actively Managed Certificates (AMCs) and Tracker Certificates under a SIX-approved base prospectus. The company coordinates the full issuance value chain — structuring, collateral management, custodianship (e.g., Raiffeisen, Copper Markets, Banca Credinvest), market making (Flow Traders), security agency (ADEXAS Rechtsanwälte) and paying agent services — and offers a white-label issuance platform and an online Investment Product Builder for financial intermediaries. Products are fully collateralised bearer debt securities distributed exclusively through a banking and broker ecosystem of roughly 17 named partners (UBS, Credit Suisse, ZKB, PostFinance, Swissquote, SaxoBank, Interactive Brokers, eToro, DEGIRO, Raiffeisen, Migros Bank, among others); Helveteq does not sell directly to end investors. Notable product franchises include carbon-neutral crypto ETPs (BTCO2, ETH2O, launched April 2022), the sustainable Swiss Green Gold ETP (AUCO2, May 2023), Lend Hypovest (Swiss mortgage direct lending nETP, June 2024), Eqitron BitGold and Tritemius sUSDe Market Neutral (digital-asset strategies, 2025), and the Plusplus Frankencoin Certificate (ZCHF stablecoin exposure, 2026).
Helveteq generates revenue through three streams: recurring investor fees of 0.50% to 1.00% per annum on outstanding ETP/nETP/AMC positions (disclosed per product in Final Terms and KIDs), one-time subscription or issuance fees of up to 0.40-1.00% charged at product subscription, and performance fees on selected structured products (e.g., 20% with a high water mark on Eqitron BitGold). Its GTM is sales-led and channel-mediated: the company targets financial intermediaries (banks, brokers, external asset managers and bank balance-sheet teams) through direct relationship management combined with self-service tools (Investment Product Builder, HubSpot-driven demo booking). Target investors are reached only via distributing intermediaries, with offerings restricted to Swiss residents and passported jurisdictions (the US and EU are excluded). The company is led by Founder and Chairman Roger Studer (ex-Vontobel), CEO Cosimo Donati, CFO Amanda Schwegler and COO Frédéric Taesch; no external funding rounds have been disclosed.
Helveteq firmographics
Firmographics- Name
- Helveteq
- Legal name
- Helveteq AG
- Website
- https://helveteq.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Helveteq AG is a Swiss-based, private product manufacturer that structures and issues fully collateralised ETPs, nETPs, AMCs and tracker certificates under a SIX-approved prospectus, distributing them exclusively through banks and brokers for financial intermediaries and their end-investor clients.
- Ownership category
- akta.pro rank
Helveteq industry classification
Industry- Product category
- Structured Investment Products
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (52315), Securities and Commodity Exchanges (52321)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Structured Certificates & Warrants (Turbo/Knock-Out/Bonus/Discount) (FSACAMAL)
- akta.pro secondary industry
- IPO & New Issue Issuer Services (Listing/ISIN setup) (FSACAKAH)
Keywords
Where Helveteq is headquartered
LocationHeadquarters
- HQ city
- Freienbach
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Helveteq business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Investor Fees: Ongoing management/structuring fees charged annually to investors holding ETP, nETP, or AMC products. Fees are disclosed in Final Terms and KIDs and typically range from 0.50% to 1.00% p.a. depending on the product. This is the primary recurring revenue stream.
- Subscription/Issuance Fees: One-time fees charged at the time of product subscription or issuance. For example, the Plusplus Frankencoin Certificate charges a 0.40% subscription fee and the Eqitron BitGold charges up to 1% subscription fee.
- Performance Fees: Some structured products charge performance fees tied to product performance relative to a benchmark. For example, Eqitron BitGold charges a 20% performance fee with a high water mark.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Swiss Green Gold ETP (AUCO2) — 0.50% p.a. investor fee |
| Subscription | Annual | Plusplus Frankencoin Certificate — up to 0.95% p.a. + 0.40% subscription |
| Subscription | Annual | Eqitron BitGold — 1% p.a. + up to 1% subscription + 20% performance fee |
| Subscription | Annual | Tritemius Ethena sUSDe Market Neutral — up to 0.99% p.a. |
| Subscription | Annual | Lend Hypovest — 0.95% p.a. + 1.00% subscription |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Helveteq product offering
Product offeringCore offering
Helveteq AG structures, issues and lists Exchange Traded Products (ETPs), non-listed Exchange Traded Products (nETPs), Actively Managed Certificates (AMCs) and Tracker Certificates as fully collateralised bearer debt securities under a SIX-approved Swiss base prospectus. The company offers a White Labeling Issuance Platform so banks, brokers and external asset managers can securitise their own strategies and balance sheet exposures, with Helveteq acting as issuer and product manufacturer coordinating market makers, custodians, security agents and paying agents across the product lifecycle.
Product overview
Helveteq is a Swiss-based issuer of transparent investment products offering three core product types: Exchange Traded Products (ETPs), Non-listed Exchange Traded Products (nETPs), and Actively Managed Certificates (AMCs). The portfolio includes listed products like the Swiss Green Gold ETP (AUCO2) and nETPs such as Lend Hypovest (Swiss mortgage-backed), Eqitron BitGold (Bitcoin/Gold/Cash strategy), Plusplus Frankencoin Certificate (ZCHF stablecoin), and Tritemius Ethena sUSDe Market Neutral. Additional offerings include the Warhol Mao72 Tracker Certificate and Multi Barrier Reverse Convertible products. The company provides a White Labeling Issuance Platform enabling financial intermediaries to issue their own structured products, supported by an Investment Product Builder tool. Products are fully collateralised and issued under Swiss law within a SIX-approved prospectus framework.
Differentiator
Problem solved
Functional benefit
Brands
- Swiss Green Gold: Sustainable gold ETP (AUCO2) providing exposure to responsibly sourced physical gold with carbon-compensation framework
- Lend Hypovest
- Tritemius Ethena sUSDe Market Neutral
- Eqitron BitGold
- Plusplus Frankencoin Certificate
Products and services
- Exchange Traded Products (ETPs) Listed bearer debt securities issued under a SIX-approved base prospectus and admitted to trading on SIX Swiss Exchange, replicating the performance of an underlying asset or strategy. Fully collateralised with independent custodians and security agents. Aimed at banks, brokers and external asset managers for distribution to end-investors.
- Non-listed Exchange Traded Products (nETPs) Non-listed bearer debt securities following similar structuring principles as ETPs but not listed on an exchange. Structured under comparable prospectus framework with flexible product formats for financial intermediaries and balance sheet solutions.
- Actively Managed Certificates (AMCs) Actively managed certificates that may be issued without a prospectus depending on regulatory regime, target market and distribution structure. Bearer debt securities providing exposure to actively managed underlying strategies, distributed via financial intermediaries.
- Swiss Green Gold ETP (AUCO2) Exchange Traded Product replicating performance of sustainably sourced physical gold under a carbon-compensation framework with SFDR-aligned sustainability disclosures. Listed on SIX Swiss Exchange with 0.50% p.a. investor fee; custodian Raiffeisen; Flow Traders as market maker. Investors may request physical delivery of minted gold bars upon redemption.
- Lend Hypovest Non-listed Exchange Traded Product providing economic exposure to receivables from Swiss mortgage loan agreements assigned to the issuer. A diversified pool of residential mortgage claims originated via the Lend.ch platform (Switzerlend AG) and secured by subordinated mortgages. Investor fee 0.95% p.a. plus 1.00% subscription fee.
- Eqitron BitGold Tracker certificate providing exposure to a dynamically allocated strategy referencing Bitcoin, Gold and Cash using a rule-based approach with macroeconomic, technical and sentiment indicators; may involve leverage. Investor fee 1% p.a., subscription fee up to 1%, 20% performance fee with high water mark.
- Plusplus Frankencoin Certificate Swiss-law structured tracker certificate providing exposure to Frankencoin (ZCHF), a blockchain-based stablecoin designed to track the Swiss franc, without requiring wallets or direct blockchain interaction. Investor fee up to 0.95% p.a. plus 0.40% subscription fee; open-ended maturity.
- Tritemius Ethena sUSDe Market Neutral Tracker certificate providing exposure to sUSDe (staked version of USDe synthetic stablecoin). Rule-based digital asset strategy designed to achieve total return through value accumulation in sUSDe. Investor fee up to 0.99% p.a.
- Warhol Mao72 CHF Tracker Certificate Tracker certificate listed on SIX Swiss Exchange providing exposure to the Warhol Mao72 strategy.
- Multi Barrier Reverse Convertible (MBRC) Crypto Products Barrier Reverse Convertible structured products with coupon paid on basket of crypto underlyings (Bitcoin, Ethereum, Solana). Helveteq-issued examples include a 44% p.a. coupon product (January 2024) and a 30% p.a. coupon product (May 2024).
- White Labeling Issuance Platform Platform enabling financial intermediaries to structure and issue white-labelled ETPs, nETPs and AMCs within a fully collateralised framework. Helveteq acts as issuer and product manufacturer, coordinating the full product value chain (structuring, prospectus, market makers, custodians, security agents, paying agents). Built for External Asset Managers, banks and brokers that want to securitise proprietary strategies.
Quantifiable outcome
- AUCO2 Swiss Green Gold ETP listed on SIX Swiss Exchange with 0.50% p.a. investor fee and Raiffeisen as custodian.
- +3 more outcomes
Companies that use Helveteq
Customer profileNamed customers18 records
Segments4 records
Ideal customer profiles3 records
Helveteq technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Helveteq partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- ARTEX Global MarketscoreARTEX Global Markets and Helveteq partnered to launch CHF-denominated Art ETPs for Swiss investors. Helveteq acts as issuer and product manufacturer; ARTEX provides the art-related investment exposure and expertise for the structured product.
- Swiss Blockchain LabsminorHelveteq became a member of Swiss Blockchain Labs in November 2023, indicating alignment with the Swiss blockchain ecosystem and its standards.
- Swiss FinTech Innovation Lab at University of ZurichminorHelveteq collaborates with the Swiss FinTech Innovation Lab at the University of Zurich to support data-driven and independent approaches to sustainability methodology development, transparency frameworks, and responsible product structuring.
- Flow TraderscoreFlow Traders acts as Market Maker for the AUCO2 Swiss Green Gold ETP, providing continuous bid and ask price quotes. Flow Traders also serves as an Authorised Participant for AUCO2.
- Banca Credinvest SAcoreBanca Credinvest SA serves as custodian and paying agent for multiple Helveteq products including Plusplus Frankencoin Certificate and Eqitron BitGold. Also serves as an Authorised Participant for AUCO2.
- Switzerlend AG (Lend.ch)coreSwitzerlend AG (operating the Lend.ch platform) is the originator and loan servicer for the Lend Hypovest nETP. The platform sources Swiss residential mortgage loan claims that are assigned to Helveteq as underlying assets for the product.
- Copper Markets (Switzerland) AGcoreCopper Markets (Switzerland) AG acts as custodian for underlying assets of Helveteq products including the Tritemius Ethena sUSDe Market Neutral and Plusplus Frankencoin Certificate. Underlying assets are held in segregated accounts.
- ADEXAS Rechtsanwälte AG (Security Agent)coreADEXAS Rechtsanwälte AG acts as independent Security Agent for multiple Helveteq products (Plusplus Frankencoin Certificate, Eqitron BitGold, Tritemius sUSDe), responsible for enforcing investor rights under the terms of the ETP in case of issuer default.
- RaiffeisencoreRaiffeisen serves as custodian for the AUCO2 Swiss Green Gold ETP. The underlying gold is held in custody by Raiffeisen, an independent Swiss banking institution.
- Baker McKenzieminorBaker McKenzie advised Helveteq on the launch of its Swiss Green Gold ETP (AUCO2) and the listing on SIX Swiss Exchange in 2022, and on the BitGold product launch in August 2025.
- PwC SwitzerlandminorPwC Switzerland contributed a detailed article on the Helveteq Trending Insights page comparing ETPs and ETFs from regulatory and tax perspectives, authored by Silvan Thoma (Director, Legal Regulatory), Martin Burri (Partner, Tax), and Roland Reding (Partner, VAT).
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Helveteq competitors and assessment
Company assessmentDirect peers
- Leonteq Securities: Leonteq is a Swiss-based issuer of structured products (tracker certificates, reverse convertibles, ETPs) and a direct competitor. Helveteq replicates Leonteq's white-label issuance model for financial intermediaries in the Swiss market.
- Valour (DeFi Technologies): Valour issues exchange-listed products tracking crypto and digital assets across European exchanges. Closely comparable in product format (ETPs) and distribution approach, including the Swiss market.
- ETC Group: ETC Group is a European crypto-ETP issuer (BTCetc, ETHetc) listed on Deutsche Börse and other European venues. Operates the same white-label ETP model serving institutional distribution partners.
- 21Shares: 21Shares is a Swiss-based crypto ETP issuer (now owned by FalconX) and competes head-to-head with Helveteq on SIX-listed crypto- and thematic-asset ETPs, including products with sustainability/ESG features.
- CoinShares: CoinShares issues digital-asset ETPs (XBT Provider, etc.) and competes directly with Helveteq's BTCO2 and ETH2O crypto ETPs in the same Swiss/European ETP market.
Others
- Flow Traders: Flow Traders acts as market maker and authorised participant for Helveteq's AUCO2 ETP. It is an industry infrastructure provider rather than a direct competitor, but the relationship makes Flow Traders a deeply relevant comparable in the ETP issuance ecosystem.
Broad incumbents
- Vontobel Structured Products: Vontobel is one of Switzerland's largest structured-product and ETP issuers, and Helveteq founder Roger Studer previously worked there (per company history). Comparable product catalog and white-label offering, but Vontobel operates at much broader scale.
- Invesco ETP / Structured Products: Invesco is a large global issuer of ETPs, ETNs and structured products. Offers overlapping capabilities to Helveteq's product set and competes for institutional white-label mandates, but at materially larger scale and geographic scope.
- WisdomTree Europe / WisdomTree Issuer Xetra-listed ETPs: WisdomTree is a global ETP sponsor across equities, commodities and crypto. While broader and US-listed, it competes for the same institutional distribution slots and white-label ETP mandates that Helveteq pursues.
Emerging players
- Tracker Certificate Issuers (e.g., ETP-pfifan, your, Smart Valor): Other smaller Swiss emerging ETP and structured-product issuers (including category peers not listed individually here) compete in the same white-label issuance niche; Helveteq is positioned among these emerging Swiss issuers rather than against the largest incumbents.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Helveteq social profiles
Digital presenceHelveteq financial estimates
Financial estimateRevenue estimate
Valuation estimate
Helveteq leadership team
Management profileNumber of profiles
Profiles7 records
Helveteq funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Helveteq M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Helveteq
What does Helveteq do?
Helveteq AG structures, issues and lists Exchange Traded Products (ETPs), non-listed Exchange Traded Products (nETPs), Actively Managed Certificates (AMCs) and Tracker Certificates as fully collateralised bearer debt securities under a SIX-approved Swiss base prospectus. The company offers a White Labeling Issuance Platform so banks, brokers and external asset managers can securitise their own strategies and balance sheet exposures, with Helveteq acting as issuer and product manufacturer coordinating market makers, custodians, security agents and paying agents across the product lifecycle.
Is Helveteq a public or private company?
Helveteq is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Helveteq founded?
Helveteq was founded in 2018. It employs 1 to 10 people.
Where is Helveteq based?
Helveteq is headquartered in Freienbach, Switzerland, in the Europe region.
How does Helveteq make money?
Three revenue lines are on record. Investor Fees are the primary driver. The others are subscription/Issuance Fees and performance Fees.
Who are Helveteq's main competitors?
Direct peers on record are Leonteq Securities, Valour (DeFi Technologies), ETC Group, 21Shares and CoinShares. Flow Traders is listed as an others. Broad incumbents are Vontobel Structured Products, Invesco ETP / Structured Products and WisdomTree Europe / WisdomTree Issuer Xetra-listed ETPs. Tracker Certificate Issuers (e.g., ETP-pfifan, your, Smart Valor) is listed as an emerging player.
Does Helveteq have an API?
No public API is recorded for Helveteq.
What industry is Helveteq in?
Helveteq's product category is Structured Investment Products. Its primary akta.pro industry code is FSACAMAL, Structured Certificates & Warrants (Turbo/Knock-Out/Bonus/Discount), with a secondary code of FSACAKAH, IPO & New Issue Issuer Services (Listing/ISIN setup). Its NAICS code is 5231 and its SIC code is 6211.