Olive oil producer Lamar Olive Oil issues its first on-chain bond using Obligate

2023-06-01 16:47:37

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ChainCatcher news, French olive oil producer Lamar Olive Oil has issued the first on-chain bond denominated in euro stablecoins on the DeFi on-chain bond platform Obligate on Polygon. This bond is issued in EUROe (euro stablecoin) from Finnish fintech company Membrane Finance, which is the only EU-regulated cryptocurrency stablecoin. The company stated that institutional underwriting, credit assessment, and risk monitoring are conducted by Obligate's credit rating partner Credora.

Obligate is a DeFi on-chain bond platform on Polygon that helps small and medium-sized enterprises issue, track, and settle debt, using smart contracts to replace the roles of issuers and payment agents in the traditional bond issuance and settlement layer. (source link)

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