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Obligate operates a comprehensive platform that facilitates the issuance and investment of regulated on-chain bonds and commercial paper. This full-cycle securities platform and institutional marketplace handles compliance, structuring, issuance, and distribution for digital debt instruments. By leveraging distributed ledger technology, the company significantly reduces traditional intermediaries and accelerates the time required for securities issuance.
Obligate was founded in 2019 by Benedikt Schuppli, Philipp Von Randow, and Stephan Meyer. The co-founders identified an opportunity to apply blockchain technology to traditional capital markets. Their foundational insight was to develop a compliant and efficient framework for digital debt instruments, bridging the operational efficiencies of decentralized finance with the established trust of institutional-grade financial products.
The platform serves companies seeking to raise debt capital, investors looking for private credit and structured investment products, and partners aiming to leverage its legal-tech infrastructure for their own operations. Obligate’s vision is to modernize capital markets by providing a secure and regulated environment for digital securities, integrating the speed and cost efficiencies of digital assets with the regulatory certainty of traditional finance.
Obligate has raised $9.0M across 2 funding rounds.
Obligate has raised $9.0M in total across 2 funding rounds.
Obligate has raised $9.0M in total across 2 funding rounds.
Obligate's investors include Blockchange Ventures, Placeholder, Wyatt Lonergan, Earlybird, SIX Fintech Ventures, Earlybird Venture Capital, 3VC, 468 Capital, Global Founders Capital, La Famiglia, Carsten Thoma.
Obligate AG is a Swiss-regulated blockchain infrastructure platform that enables companies to issue, manage, and distribute digital debt instruments like electronic promissory notes (eNotes), tokenized bonds, and commercial paper on public blockchains.[1][3][4] It serves issuers seeking efficient debt capital raising and investors accessing regulated on-chain private credit and structured products, solving liquidity challenges in traditional capital markets by reducing intermediaries by 75%, accelerating issuance 5x, and ensuring compliance under the Swiss DLT Act.[3][4][5] Founded in 2019, Obligate has raised about $9.7 million in funding, achieved profitability amid rising demand for tokenization, and manages over $23 million in assets, with strong growth via partnerships like TradeFlow, OpenTrade, and XBTO.[2][5]
Obligate, originally FQX AG, was founded in June 2019 by four co-founders in Zürich, Switzerland, to pioneer globally accessible B2B infrastructure for electronic negotiable instruments using blockchain, electronic signatures, and distributed ledger technology (DLT).[1][5] The idea emerged from combining proven financial instruments like promissory notes with recent legislation and tech, targeting the digital asset economy's need for compliant short-term debt solutions enforceable in 165 countries.[1] Early traction included a $4.7 million seed round in June 2021 led by Earlybird Venture Capital, a patent-pending process for DLT-secured eNotes, and key hires like James Freis (former FinCEN Director) as Regulatory Technology Officer in May 2022.[1] By 2025, it secured a $3 million raise led by Exponential Science Capital plus crowdfunding, achieving profitability and expanding interoperability across networks like Hedera, Canton, and Solana.[2]
Obligate rides the tokenization wave in real-world assets (RWA), digitizing capital markets amid surging demand for on-chain debt amid TradFi inefficiencies and DeFi maturation.[2][3] Timing aligns with Switzerland's DLT Act enabling regulated public blockchain securities, addressing the $2.5 trillion trade finance gap via automated, global eNotes.[1][4] Market forces like rising institutional adoption of tokenized fixed income, interoperability needs across chains, and profitability in private credit favor its growth, influencing the ecosystem by democratizing yield products and enabling platforms like Margarita Finance for retail DeFi.[2][4]
Obligate's profitability and $3 million raise position it to scale flagship yield products across Hedera, Canton, Solana, and beyond, expanding AUM beyond $23 million via diversified on-chain debt portfolios.[2][5] Trends like multi-chain interoperability, RWA tokenization boom, and regulatory clarity will propel programmable debt innovations, evolving its role from issuer infrastructure to a dominant on-chain capital markets hub. This cements Obligate's lead in rewiring global finance with compliant digital securities, fulfilling its founding vision of scalable liquidity control.[1][4]
Obligate has raised $9.0M across 2 funding rounds. Most recently, it raised $4.0M Seed in January 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2023 | $4.0M Seed | Blockchange Ventures, Placeholder, Wyatt Lonergan, Earlybird, SIX Fintech Ventures | |
| Jun 1, 2021 | $5.0M Seed | Earlybird Venture Capital | 3VC, 468 Capital, Global Founders Capital, La Famiglia, Carsten Thoma, SIX Fintech Ventures |