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by Fintech Information Singapore
December 20, 2023
Obligate, a Swiss capital markets platform working on blockchain know-how, has facilitated the issuance of a USDC-denominated bond by the USD TradeFlow Fund. This growth was executed on the Polygon blockchain.
For Obligate, it’s the first occasion of working immediately with a fund, whereas for the USD TradeFlow Fund, it marks a strategic diversification and optimisation of its financing sources.
The bond, issued below Obligate’s eNote framework, adheres to authorized compliance and international requirements for digital securities. This initiative has attracted a variety of accredited buyers, together with high-net-worth people, funding corporations, and household places of work, highlighting Obligate’s capability to hyperlink issuers with a different investor demographic.
Obligate’s platform aimed to exhibit its flexibility via this transaction by supporting numerous modular debt devices, together with each senior and junior debt.
This enables funds to successfully elevate capital that aligns with their distinctive monetary construction and necessities, enhancing their direct interplay with capital markets.
Obligate has introduced a collection of product launches and transactions, together with its inaugural structured product with STS digital amongst others this yr.
Tobias Wohlfarth
Tobias Wohlfarth, Head of Origination at Obligate stated,
“Partnering with TradeFlow Capital Administration, the funding advisor to the Commerce Circulate Funds, for this issuance marks a pivotal second for us, demonstrating Obligate’s functionality to innovate and increase the financing choices for funds”.
Tom James
Tom James, CEO of TradeFlow Capital Administration stated,
“Primarily based on our dedication to digital innovation and the digital economic system total, working with the Obligate crew and launching a bond via the Obligate platform has confirmed to be an eye-opener in demonstrating the efficiencies that may be achieved leveraging Blockchain know-how for elevating capital“.
Featured picture credit score: Edited from Freepik
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