.obligatecom said its regulated DeFi platform lets firms issue debt cheaper than the traditional way and without banks involvement. It allows smaller businesses to access the bond market. sndr_krisztian reports
Hong Kong Successfully Offered Inaugural $100M Tokenized Green Bond
“The bond market is the largest financial market, but it only works well for large companies,” Benedikt Schuppli, Obligate’s CEO, told CoinDesk. The most prominent advantage of issuing debt via blockchain-based protocols is that it connects bond issuers with investors without intermediaries, slashing costs and administrative fees, Shuppli explained. This allows smaller firms to access financing through bond markets.
Luca Muff, founder and CEO of Muff Trading, told CoinDesk that this was the first time his company issued bonds and chose Obligate to access markets. “As a mid-size commodity trader, it’s a very tough environment these days with traditional banks,” he said.
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