ChainCatcher news, according to ledgerinsights, Swiss Bitcoin company Bitcoin Suisse announced the issuance of a digital bond through the Obligate platform, aimed at funding its digital asset lending solutions and over-collateralized bonds. Supported by Circle, this issuance uses USDC as the settlement currency for atomic settlement.

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)

ChainCatcher news, according to CoinDesk, blockchain-based debt provider Obligate (formerly FQX) announced the completion of a $4 million seed extension round, with participation from Circle Ventures and Blockchange Ventures. Including the initial fundraising at the end of 2021, Obligate's total seed round financing has now exceeded $8.5 million. This funding will help the company expand its debt platform, which is set to launch on Polygon next month.It is reported that Switzerland-based Obligate supports companies in issuing on-chain bonds and commercial papers to raise funds from investors in a regulated DeFi environment. Issuers must pass KYC verification before creating a bond program that suits their liquidity needs, with liquidity priced in stablecoins like USDC but quickly convertible to USD. (Source link)