On-chain debt capital markets platform Obligate has launched on Coinbase’s layer-2 network.
This new deployment aligns with the protocol’s strategy to increase institutional engagement with blockchain-native assets. It comes just after the Switzerland-based firm made its initial entry into on-chain investment products; a decision that aligns with a larger trend across the industry.
Obligate lets companies issue on-chain bonds and other debt securities to receive funding from investors. These bonds, initially issued via smart contracts on Polygon, have now expanded to another venue.
The deployment on Base — a Coinbase-incubated layer-2 built on the Optimism stack and launched in…
Read more on Blockworks