Obligate is a blockchain-based platform that enables companies to issue on-chain bonds and commercial papers, providing a decentralized and regulated environment for corporate debt financing. Built on the Polygon blockchain, it combines the efficiency of smart contracts with traditional financial regulations to streamline the bond issuance process.
Value Proposition:
Obligate democratizes access to debt capital markets by allowing companies to issue digital bonds directly to investors without intermediaries, reducing costs and time associated with traditional offerings.
Governance:
Obligate does not have formal governance process
Tokenomics:
Obligate utilizes blockchain technology to tokenize debt instruments, representing them as ERC-20 tokens
Previous Funding:
In January 2023, Obligate, formerly known as FQX, closed a seed extension funding round, bringing the total seed raise to over $8.5 million. Investors included Blockchange Ventures, Circle Ventures, Earlybird, and SIX Fintech Ventures
