Obligate Joins Tokenized Asset Coalition to Propel Blockchain Integration

Obligate, a pioneering protocol specializing in blockchain-backed debt instruments, has joined the ranks of the Tokenized Asset Coalition (TAC), marking a significant step forward in fostering institutional acceptance of tokenized assets. tokenized assets The firm was selected as one of the 15 new members from a competitive batch of 300 applicants, elevating its status in the industry.

Operating as a regulated financial intermediary in Switzerland, Obligate provides businesses with the capability to issue commercial papers and bonds through innovative technology. blockchain technology without relying on banks.

Founded in 2023, the TAC is a collective effort by prominent industry players including Aave Companies, Centrifuge, Base, Credix, Goldfinch, and RWA.xyz, established to advocate for education and the broad adoption of real-world asset tokenization. Circle , Coinbase According to Benedikt Schuppli, co-founder and CEO of Obligate, 'Our team consists of seasoned professionals from legal, technology, and finance sectors, merging state-of-the-art tech with a solid comprehension of conventional regulated market infrastructure. With extensive experience across diverse legal landscapes, we have successfully tokenized a wide array of financing vehicles.'

'To guarantee that these tokenized securities are accessible and enforceable on a global scale, Obligate has crafted an advanced legal structure known as eNote. This is the expertise we are contributing to the TAC, with the aim of collaboratively transitioning traditional finance to the blockchain,' he explained.

Alongside Obligate, the TAC welcomes 15 new associates including Backed, Chainlink Labs, Fireblocks, Keyrock, Maple, Ondo, ParaFi, Provenance Blockchain, Republic, and Securitize.

Obligate’s Innovative Strategy for On-Chain Capital Markets Ava Labs Obligate intends to share its knowledge in areas like arbitration, regulatory compliance, and tokenization with TAC while engaging in research focused on Tokenization Laws, DLT-based Dispute Resolution, and RWA Regulations. Polygon Labs Instead of merely tokenizing existing financial instruments like T-bills that are traditionally settled within conventional finance systems, they aim at the original issuance of transferability tokens on public blockchains. Solana Foundation , and Steakhouse Financial.

'Rooted in the eNote model, this methodology allows corporations and financial entities to generate a range of digital securities—from short-term notes and coupon-bearing bonds to structured investment vehicles—directly in a peer-to-peer manner,' Matthias Wyss, Obligate's Chief Strategy Officer, conveyed to Metaverse Post.

Colin Cunningham, Chair of the TAC, highlighted the necessity of uniting various industry stakeholders, stating, 'Our mission has always been to gather a diverse assembly of vital participants to ensure extensive representation across the TAC. We want to unite not just diverse voices, but reputable players recognized for their compliance, security, growth, and adoption expertise.'

Obligate’s team reaffirms their commitment to achieving the coalition’s goals. 'Our founding team is composed of legal specialists adept at creating best practices and legal frameworks, perfectly aligning with the TAC’s mission to boost institutional acceptance of tokenized assets,' added Schuppli. financial instruments Obligate’s membership in the Tokenized Asset Coalition signifies a pivotal milestone in the development of on-chain capital markets, reinforcing the intention of the industry to collaborate, innovate, and facilitate the widespread embrace of blockchain technologies.

Obligate Joins the Tokenized Asset Coalition

Obligate Tokenized Asset Coalition TAC

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