zurich Switzerland, November 30, 2023 / AlexaBlockchain/ – An important milestone in the institutional adoption of on-chain capital markets was achieved today when Obligate, a pioneering on-chain debt capital markets platform, announced its deployment on Base, an Ethereum layer 2 billing solution incubated within Coinbase. Next billion on-chain users. This development marks the beginning of a new chapter for institutional adoption of blockchain-based assets and on-chain capital markets through Obligate.
Matthias Wyss, Head of Strategic Partnerships at Obligate, said: “Base’s efforts to create a more open financial system are closely aligned with our vision to foster institutional participation in on-chain capital markets. For this reason, we are excited to launch Base and open new opportunities for institutions, giving them unparalleled access to on-chain debt products.”
By choosing to deploy on Base, Obligate signals its commitment to overcoming the unique challenges institutions face in on-chain capital markets. This strategic move not only provides institutions with the tools and infrastructure needed to effectively participate in on-chain debt capital markets, but also improves access to institutional-grade products. Leveraging the benefits of blockchain, integration with Base ensures a scalable, secure and cost-effective protocol, strengthening investor confidence.
“Our deployment on Base is an example of our shared vision to overcome the barriers institutions face and provide a secure and efficient portal for them to participate in on-chain debt products. Make no mistake. This represents a paradigm shift in integrating blockchain technology into institutional finance,” Wyss concluded.
Source: Obligation
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