Obligate Facilitates Bitcoin Suisse's First Tokenized Bond Issuance

Key Points:
- Platform and Issuer: Obligate, an on-chain capital markets platform on Polygon blockchain, facilitated Bitcoin Suisse's inaugural tokenized bond issuance.
- Bitcoin Suisse: With CHF 5 billion ($5.5 billion) in assets under custody, Bitcoin Suisse utilized the funds raised from the bond issuance to support the growth of its domestic lending business.
- Tokenized Bonds: These bonds involve the creation of digital representations of bonds using blockchain technology, enabling companies to issue bonds on-chain and attract funding from investors within a regulated DeFi environment.
- Settlement Currency: USDC stablecoin served as the settlement currency for the issuance, with atomic settlement conducted against Circle's stablecoin.
- Expansion Efforts: Bitcoin Suisse views the additional capital raised through the bond issuance as instrumental in expanding its lending business.
- Collaborative Empowerment: Obligate's advanced blockchain technology, legal framework, and collateralization capabilities empower institutional-grade brokers and custodians like Bitcoin Suisse to leverage tokenized bond issuance effectively.
- Investors and Support: Obligate's investors include notable entities like Circle, Blockchange Ventures, Earlybird Venture Capital, and the SIX group, reflecting confidence and support for its platform and initiatives.

Bitcoin Suisse: Pioneering Crypto Financial Services

- Established Presence: Headquartered in Zug and founded in 2013, Bitcoin Suisse has been a pioneering institution in Switzerland, offering crypto asset collateralized loans to clients to enhance their capital.
- Strategic Use of Funds: The proceeds from the tokenized bond issuance are directed towards enhancing Bitcoin Suisse's lending operations, demonstrating strategic capital deployment for business growth and development.

Bitcoin Suisse's collaboration with Obligate signifies a milestone in the tokenization of traditional financial instruments, showcasing the potential of blockchain technology to revolutionize capital markets and facilitate efficient, transparent, and accessible financing solutions.