According to TechFlow, blockchain-based debt provider Obligate has completed a $4 million seed round extension financing, with Blockchange Ventures and Circle Ventures participating. Initial seed round investors include Earlybird and SIX Fintech Ventures. The total financing amount currently exceeds $8.5 million.
It is reported that Switzerland-based Obligate essentially allows companies to issue on-chain bonds and commercial paper - or debt securities that define loan terms - to obtain funds from investors in a regulated decentralized finance (DeFi) environment.
