.circle_ventures was among the backers of a $4 million fundraise for Obligate, an upcoming platform for blockchain debt securities. BrandyBetz reports.
Obligate, a startup offering blockchain-based regulated debt securities, announced a $4 million seed extension round.
Blockchange Ventures and Circle Ventures participated in the extension, joining initial seed investors Earlybird and SIX Fintech Ventures. Combined with its initial fundraise in late 2021, Obligate’s seed round now totals more than $8.5 million. "Obligate combines the benefits of DeFi with the trust and regulation of TradFi,” Obligate co-founder and CEO Benedikt Schuppli told CoinDesk in an email. “Obligate is more efficient than many other bond platforms as we allow a direct issuance of blockchain-based bonds from the issuer to the wallet of the investors.”
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