Today, a significant milestone is achieved in the institutional adoption of on-chain capital markets as Obligate is deploying on Base, an Ethereum layer 2 scaling solution incubated within Coinbase, designed to bring the next billion users on-chain. This development marks the start of a new chapter for the institutional adoption of blockchain-native assets and on-chain capital markets through Obligate.
“Base’s commitment to creating a more open financial system aligns closely with our vision of fostering institutional engagement in on-chain capital markets. For that reason, we’re really excited to launch on Base and unlock new opportunities for institutions, granting them unparalleled access to on-chain debt products,” stated Matthias Wyss, Head of Strategic Partnerships at Obligate.
By choosing to deploy on Base, Obligate is signifying its commitment to overcoming the unique challenges institutions face in on-chain capital markets. This strategic move not only furnishes institutions with the necessary tools and infrastructure for effective engagement in on-chain debt capital markets but also enhances their access to institutional-grade products. Leveraging the benefits of blockchain, the integration with Base ensures a scalable, secure, and cost-efficient protocol, bolstering investor confidence.
“Our deployment on Base exemplifies a shared vision to surmount the barriers confronting institutions, offering them a secure and efficient portal to engage with on-chain debt products. Make no mistake, this represents a paradigm shift in the integration of blockchain technology into institutional finance,” concluded Wyss.
About Obligate
Obligate AG is a member of VQF, a Swiss FINMA regulated AML SRO, and a financial intermediary. Standing at the forefront of institutional adoption in on-chain capital markets, Obligate is providing a secure, transparent, and regulatory compliant platform for the issuance, trading, and settlement of debt instruments natively issued on the blockchain. The platform’s unique architecture caters to the complex needs of institutional investors whilst lowering the barriers of entry for issuers by providing efficient access to multilateral financing. Featuring their proprietary eNotes®, ledger-based securities based on the most advanced DLT-legislation, a comprehensive dispute resolution framework, and global enforceability of the debt securities, Obligate demonstrates its commitment to meeting institutional standards.
Media Contact:
Amy O’Connor
Wachsman
amy.oconnor@wachsman.com
