Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
Obligate - Extended Seed
Overview
About Obligate - Extended Seed
Obligate, a startup offering blockchain-based regulated debt securities, announced a $4 million seed extension round. The funds will help the firm, which was formerly known as FQX, scale its debt platform that is set to go live next month on the Polygon blockchain.
Blockchange Ventures and Circle Ventures participated in the extension, joining initial seed investors Earlybird and SIX FinTech Ventures.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2017 | 37 | info@blockchange.vc | ||
| Corporate | United States of America | 2013 | 85 | info@circle.com | ||
| Fund | Germany | 1997 | 6 | nagel@earlybird.com | ||
| Corporate | Switzerland | 2017 | 5 | socialmedia@six-group.com |
Founders & Team
Benedikt Schuppli
Stephan D. Meyer
Philipp von Randow
Company Profile / Project Introduction
With the Obligate platform, companies can issue on-chain bonds and commercial paper to obtain funding from a diverse range of investors. This comes at a fraction of the cost and time of traditional offerings but with the same regulatory certainty, as the instruments are globally enforceable, regulated debt securities.
At the same time, investors get access to a wide range of regulated digital debt assets which can be secured with on-chain collateral. Utilizing smart contracts and tokenization in place of intermediaries such as paying and issuer agents, Obligate is able to reduce the costs associated with a bond issuance by 80% and reduce the time needed for an issuance from weeks to hours.