Obligate Secures 3 Million Dollars

(CONNECT) The Zurich-based financial services provider Obligate has secured fresh capital of 3 million dollars in a financing round. According to a press release, the round was led by Exponential Science Capital and supported by industry executives such as Yuval Rooz (founder of Digital Asset and Canton Network), Seamus Donoghue (former Chief Growth Officer of Metaco and Vice President Growth of Ripple) and Khalid Howladar (former Moody's Head of GCC Banks & Securitization, Global Head of Islamic Finance).

Obligate intends to use the fresh capital to expand its range of on-chain investment bonds and other diversified portfolios. The products are to be distributed via various networks such as Hedera, Canton, Solana and others.

"The companies that issue investment products on our platform finance real projects and real trade and thus make a direct contribution to the global economy - which in itself is the true essence of real-world assets (RWAs)," Matthias Wyss, CEO of Obligate, is quoted as saying in the press release. "Our growth strategy builds on this foundation and responds to the real needs of the market rather than chasing hype. As many experts confirm, Obligate is the benchmark for real on-chain financing." ce/ww