Obligate, a Swiss capital markets platform operating on blockchain technology, has facilitated the issuance of a USDC-denominated bond by the USD TradeFlow Fund. This development was executed on the Polygon blockchain.

TradeFlow Capital Management, is a Singapore-based advisory firm to the USD TradeFlow Fund and a member of the Supply@ME Capital Group, utilises a non-credit, fintech-enabled strategy for supporting SME physical commodity import and export transactions.

For Obligate, it is the first instance of working directly with a fund, while for the USD TradeFlow Fund, it marks a strategic diversification and optimisation of its financing sources.

The bond, issued under Obligate’s eNote framework, adheres to legal compliance and global standards for digital securities. This initiative has attracted a range of accredited investors, including high-net-worth individuals, investment firms, and family offices, highlighting Obligate’s capacity to link issuers with a varied investor demographic.

Obligate’s platform aimed to demonstrate its flexibility through this transaction by supporting various modular debt instruments, including both senior and junior debt.

This allows funds to effectively raise capital that aligns with their unique financial structure and requirements, enhancing their direct interaction with capital markets.

Obligate has announced a series of product launches and transactions, including its inaugural structured product with STS digital among others this year.

Tobias Wohlfarth, Head of Origination at Obligate said,

“Partnering with TradeFlow Capital Management, the investment advisor to the Trade Flow Funds, for this issuance marks a pivotal moment for us, demonstrating Obligate’s capability to innovate and expand the financing options for funds”.

Tom James, CEO of TradeFlow Capital Management said,

“Based on our dedication to digital innovation and the digital economy overall, working with the Obligate team and launching a bond through the Obligate platform has proven to be an eye-opener in demonstrating the efficiencies that can be achieved leveraging Blockchain technology for raising capital“.

Featured image credit: Edited from Freepik

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• Source: https://fintechnews.sg/82475/blockchain/obligate-spearheads-usdc-denominated-bond-issuance-for-usd-tradeflow-fund/