MarketsBusiness line 04

The rails private capital will run on.

METCAP Markets builds financial market infrastructure and arranges bespoke, structured-finance transactions, connecting institutional and private capital with lenders, originators and issuers.

metcap/marketstestnet · illustrative
›settle secured note MCRECV 2026-1 A, €2,500,000, T+0
▸checkreserve.eursegregated account, 1:1ok
▸checkcollateral.poolcoverage 1.31x ≥ 1.25xok
▸checkinvestor.kycwhitelisted, EU professionalok
◆Runmarkets/settle.py
21from metcap_markets import EURm, Note, Ledger
22eurm = EURm.mint(amount=2_500_000, reserve="LU-SEG-001") # 1:1 EUR, attested
23note = Note.load("MCRECV-2026-1-A", tranche="A")
24tx = Ledger.dvp(cash=eurm, security=note, to="INV-0417") # delivery vs payment
25assert tx.finality and note.coverage() >= 1.25
26print(tx.hash[:10], tx.settled_at, eurm.reserve_ratio())
# → 0x7a3f9c21e0 2026-09-18T09:14:02Z 1.000
Built to institutional standards
Within EU regulation
What we are building

Four pieces of one market.

Funding in, access out, a structure in the middle, and settlement that costs less. Each is a platform in its own right; together they are the market.

01 · Funding infrastructure

Capital to lenders, on better terms

Structured, collateralised funding that connects capital to lenders and originators, on better terms for both sides than a bank line or a bond alone. The first users are the group’s own portfolio lenders.

02 · Access for private capital

What was reserved for institutions

Venues that let private investors and wealth clients hold private credit, structured assets and the debt of companies we advise, in regulated formats and sensible ticket sizes.

03 · Securitisation and secondary access

Packaged, issued, tradable

A standing structure for packaging the assets Corporate Finance arranges, issued from Luxembourg, with a venue for secondary access so holders are not locked in until maturity.

04 · Digital rails

Tokenised where it removes friction

Tokenised structures and stablecoin-based settlement, applied where they remove cost or friction rather than for their own sake, as the EU framework allows.

How it fits the group

A customer inside before one outside.

Every platform under Markets has a customer inside the group before it has one outside it: funding for portfolio lenders, distribution for Corporate Finance mandates, secondary access for assets held on our own balance sheet. That is the order of build, and the test for each one.

  • Funding for the group’s portfolio lenders first
  • Execution and distribution for Corporate Finance mandates
  • Secondary access for assets on our own balance sheet
EU-PRIV-CREDIT-2026 Order book
SizeBid
AskSize
420k1.0838
1.0840380k
260k1.0837
1.0841240k
310k1.0836
1.0842290k
180k1.0835
1.0843200k
150k1.0834
1.0844120k
90k1.0833
1.084570k
Mid 1.0839 Spread 2.0 bps Depth €3.4m
Market making · two-sided quotes Live
Illustrative order book. No venue described on this page is currently operating.
Direction

Newest, and furthest ahead.

Markets is METCAP’s newest and most forward-looking division. Some offerings are developed with partners and are introduced as they are authorised and launched. Regulated products are offered only through licensed partners and to eligible investors.

Contact

Structured financing, or access to the paper?

Talk to us about building a structure, or about access to what we issue.

Contact

Important information. Nothing on this page is an offer, solicitation or invitation to buy, sell or subscribe for any security, financial instrument or service in any jurisdiction where that would be unlawful, and none is directed at US persons. Regulated activities, including any issuance, placement or settlement arrangements, will be carried out only by appropriately licensed entities and partners and, where required, only with eligible counterparties, professional clients or qualified investors. References to securitisation, tokenisation or settlement are forward-looking and subject to authorisation, including where applicable under MiFID II and MiCA.