Obligate Launches on Base, Obligating Institutions to Embrace On-Chain Bonds

Obligate, the on-chain marketplace for debt securities, officially launches on Base

Obligate’s on-chain debt securities marketplace launches on Base

It’s time to put on your investing hats, folks, because Obligate, the Swiss-regulated, blockchain-powered marketplace for capital markets, has just made a splashy entrance onto the scene by deploying on Base, the Ethereum layer-2 scaling solution launched by none other than Coinbase.

But hold on to your seats, because this isn’t just any old launch. This is a game-changer, a milestone on the road to widespread adoption of on-chain debt securities. And why is that? Well, according to Matthias Wyss, the head of strategic partnerships at Obligate, it’s all about breaking down barriers.

You see, with the demand for on-chain bonds skyrocketing across the DeFi market, there’s a growing need for institutions to jump on board and embrace these blockchain-native assets. And that’s where Base comes in. This bad boy provides the tools and infrastructure institutions need to waltz their way into the world of on-chain debt capital markets.

“Base’s commitment to creating a more open financial system aligns closely with our vision of fostering institutional engagement in on-chain capital markets,” says Wyss, clearly an advocate for revolutionizing the way we do finance.

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But why is this deployment such a big deal? Well, imagine a world where institutions have a secure and efficient portal to engage with on-chain debt products. It’s like a magic portal that turns your grandma’s antique side table into a sparkling piece of DeFi gold. It’s a paradigm shift, my friends. And it’s all thanks to the integration of blockchain technology into institutional finance.

Now, let’s not forget about Base itself. This Ethereum layer-2 scaling platform, born just a few moons ago in early August, has been turning heads and making wallets heavy with its success. With revenue recently soaring past $10 million and over 1 million monthly active users, Base is proving itself as the go-to platform for scaling up and taking the DeFi world by storm.

And let’s give credit where credit is due. Obligate raised a cool $8.5 million in its seed funding round, with some big names like Earlybird, Blockchange Ventures, SIX Fintech Ventures, and Circle Ventures throwing their hats in the ring. These folks aren’t messing around—they believe in the power of blockchain and are ready to ride the wave of institutional adoption.

So, my fellow investors, it’s time to pay attention. The on-chain debt securities game just got a whole lot more interesting, thanks to the dynamic duo of Obligate and Base. Don’t miss out on this golden opportunity to dive into the world of blockchain-native assets. Get your popcorn ready, because it’s showtime in the world of capital markets!

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