XBTO and Obligate launch first institutional-grade native tokenised European real estate credit strategy
Abu Dhabi, United Arab Emirates — XBTO, a global leader in institutional digital asset management, has partnered with a European alternative investor and global asset manager, and Obligate, a Swiss-regulated tokenisation platform, to advance institutional adoption of blockchain infrastructure through a new real-world asset tokenisation initiative.
Kamui’s RWA Professional Fund, one of the first institutional funds established in 2024 to back tokenized real-world assets, has committed to invest in the tokenized real estate-backed loans product.
The collaboration aims to bring the efficiencies and transparency of blockchain technology to the world of private credit, combining rigorous institutional governance with innovative financial engineering. By aligning expertise across structuring, asset management, technology and regulation, the partners seek to demonstrate how tokenisation can enhance operational efficiency and investor protection in the private markets space.
“This is a foundational step in scaling institutional adoption of digital private credit,” said Karl Naïm, Group Chief Commercial Officer and Senior Executive Officer Middle East at XBTO. “By bringing real assets on-chain in a compliant structure, we’re demonstrating what tokenisation can achieve when it’s built from the ground up with the right partners”.
“This collaboration showcases the viability of our eNote framework for creating institutional-grade investment solutions,” said Tobias Wohlfarth, Chief Business Officer at Obligate. “Combining the established Swiss regulatory framework with the efficiencies of blockchain technology we can bring attractive investment solutions on-chain.”
“Tokenized real-world assets bring distinct advantages in transparency, priority claims and AI-readiness, which we believe result in a superior reward to risk profile, especially in private credit. Our understanding of the product being tokenized drives our interest and our commitment to invest in it” — Hadi Kabalan, Director at Kamui.
Unlike direct property tokenisation platforms that focus on individual assets, this initiative is designed around a very well-diversified portfolio of real estate-backed loans, managed within a regulated framework. The project builds on the respective strengths of the three partners — the manager’s decade-long experience in private credit and structuring innovative solution, XBTO’s deep operational presence in institutional digital finance, and Obligate’s compliant DLT infrastructure under Swiss law.
The initiative operates under Luxembourg law through a dedicated securitisation vehicle, with XBTO leveraging its global regulatory footprint to ensure compliant distribution across its licensed jurisdictions, including Bermuda and the United Arab Emirates. *
About XBTO
From asset management to capital markets, XBTO helps clients capture opportunities in the age of digital assets. Founded in 2015 as a proprietary trading firm, XBTO built its foundation through nearly a decade of active participation in digital asset markets.
Since 2023, XBTO has expanded into a full-service crypto quantitative investment firm. With a strong focus on Bitcoin, XBTO delivers risk-adjusted strategies across the alpha–beta continuum designed to perform across market cycles and regulatory environments.
With decades of experience earned at the world’s leading financial institutions and deep expertise in digital markets, XBTO brings a rare combination of financial discipline and digital-native insight. XBTO operates under robust regulatory oversight, with operating entities regulated by the Bermuda Monetary Authority and the Financial Services Regulatory Authority in Abu Dhabi. It operates from key financial hubs including Bermuda, New York, Miami, London, Paris, and Abu Dhabi.
About Obligate
Obligate AG provides blockchain infrastructure for the compliant issuance, settlement, and lifecycle management of digital debt instruments. Through its platform, Obligate enables the on-chain issuance of legally enforceable securities, offering a seamless bridge between traditional capital markets and decentralized finance. The company’s integrated marketplace connects issuers and investors directly, while supporting partners across distribution, listing, and custody.
About Kamui
Kamui’s RWA Professional Fund is a is a multi-chain institutional fund dedicated to investing in and bringing liquidity to tokenized Real World Assets. It is backed by veteran investors and technologists with proven experience in blockchain and traditional investments. For more information, please visit https://kamui.finance/ and https://rwaprofessional.com/
