Obligate, the leading on-chain capital markets platform, has successfully orchestrated a groundbreaking bond issuance for Polytrade, the global tokenized real-world asset marketplace. The funds were secured through an electronic, blockchain-based bond (eNote™) on the Obligate platform utilizing the Polygon PoS Network, with the entire proceeds disbursed in Circle’s USDC stablecoin. This marks a significant achievement for Polytrade in innovative fundraising, aligning with the recent soft launch of its new RWA marketplace.
Piyush Gupta, CEO of Polytrade, expressed the significance of this collaboration, stating, “This eNote marks the start of a long-lasting relationship with Obligate. It also showcases our resolve in continuing to grow our tokenization business while we go from a single asset to a multi-asset RWA aggregator.”
Tobias Wohlfarth, Head of Origination at Obligate, emphasized the strategic advancement into the Asian market through the partnership with Polytrade. He mentioned, “As the select partner of Polytrade’s inaugural and forthcoming digital bond issuances, we are signifying a strategic advancement into the Asian market. This alliance reaffirms our steadfast dedication to transforming on-chain capital markets without geographical limitations.”
Colin Butler, Global Head of Institutional Capital at Polygon Labs, highlighted the global market access and broader infrastructure offerings facilitated by Obligate and Polytrade. He commented, “As the tokenization landscape evolves, greater global market access and broader infrastructure offerings are going to be critical to widespread adoption. Obligate and Polytrade are swiftly addressing both of these core competencies, and we are excited to see this growth of the tokenization space being facilitated on Polygon.”
The collaboration between Obligate and Polytrade comes at a crucial juncture, addressing the need for diverse funding sources, especially beneficial for Small and Medium Enterprises (SMEs) facing conservative lending from traditional banks. Milind Bansia, Head of Strategy at Polytrade, emphasized the importance of alternative funding sources and stated, “Liquidity is one of the key bottlenecks for RWAs, and this partnership with Obligate marks a big step towards easing liquidity for the sector.”
This bond issuance builds on Obligate’s recent invitation to join the Tokenized Asset Coalition alongside industry giants Circle and Coinbase. As a member, Obligate actively contributes to advancing research initiatives focused on the development of Tokenization Laws, DLT-based Dispute Resolution & Arbitration Schemes, and RWA Regulation on a global scale.
Polytrade is a real-world asset company dedicated to bringing assets on-chain, including ERC-6960 and the first global RWA Marketplace. Polytrade operates platforms and deploys custom implementations with financial institutions and banks.
Obligate stands at the forefront of institutional adoption in on-chain capital markets, providing a secure, transparent, and regulatory-compliant platform for the issuance, trading, and lifecycle management of debt instruments natively issued on the blockchain. The platform’s unique architecture caters to the complex needs of institutional investors while lowering entry barriers for issuers, providing efficient access to multilateral financing. As a member of VQF, a Swiss FINMA-regulated AML SRO, and a financial intermediary, Obligate is committed to meeting institutional standards.
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