Zurich, Switzerland, November 30, 2023 / AlexaBlockchain/ – Today, a significant milestone is achieved in the institutional adoption of on-chain capital markets as Obligate, a pioneering on-chain debt capital markets platform, announces its deployment on Base, an Ethereum layer 2 claiming solution incubated within Coinbase, designed to bring the next billion users on-chain. This development marks the start of a new chapter for the institutional adoption of blockchain-native assets and on-chain capital markets through Obligate.
Matthias Wyss, Head of Strategic Partnerships at Obligate, said: “Base’s commitment to creating a more open financial system aligns closely with our vision of fostering institutional engagement in on-chain capital markets. For that reason, we’re really excited to launch on Base and unlock new opportunities for institutions, granting them unparalleled access to on-chain debt products.”
By choosing to deploy on Base, Obligate is signifying its commitment to overcoming the unique challenges institutions face in on-chain capital markets. This strategic move not only furnishes institutions with the necessary tools and infrastructure for effective engagement in on-chain debt capital markets but also enhances their access to institutional-grade products. Leveraging the benefits of blockchain, the integration with Base ensures a scalable, secure, and cost-efficient protocol, bolstering investor confidence.
“Our deployment on Base exemplifies a shared vision to surmount the barriers confronting institutions, offering them a secure and efficient portal to engage with on-chain debt products. Make no mistake, this represents a paradigm shift in the integration of blockchain technology into institutional finance,” concluded Wyss.
Source: Obligate
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