Zurich, Switzerland — Obligate, the on-chain capital markets platform, announced on December 20 that it has successfully enabled the USD TradeFlow Fund to issue a USDC-denominated bond on the Polygon blockchain. Through this issuance, the USD TradeFlow Fund achieves an optimization and diversification of its financing sources flexibly accessing new sources of capital. The bond leverages Obligate´s eNote framework, thereby ensuring a legally compliant and globally acceptable standard for digital securities.
Tobias Wohlfarth, Head of Origination at Obligate, commented: “Partnering with TradeFlow Capital Management, the investment advisor to the Trade Flow Funds, for this issuance marks a pivotal moment for us, demonstrating Obligate's capability to innovate and expand the financing options for funds”.
The transaction has garnered attention due to the direct investment by different types of accredited investors such as high-net-worth individuals (HNWI), investment firms and family offices. This aspect of the issuance, featuring investment from HNWIs and investment firms, demonstrates Obligate's ability to directly connect issuers with a diverse investor base.
Tom James, CEO TradeFlow Capital Management, adds: “Based on our dedication to digital innovation and the digital economy overall, working with the Obligate team and launching a bond through the Obligate platform has proven to be an eye-opener in demonstrating the efficiencies that can be achieved leveraging Blockchain technology for raising capital“.
