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oTFY is now live on Morpho
View on Morpho →
oTFY is now live on Morpho
View on Morpho →
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Issuance Volume
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Issuer Jurisdictions

Operating worldwide, delivering reliable solutions across global markets with local expertise

Invest in regulated on-chain debt

Real Estate Debt

LynxCap Investments
Yield (p.a.):
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8
9
8
-
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11
%
Rating:
BBB-

Commodity Finance

Tradeflow USD Fund
Yield (p.a.):
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9
8.7
-
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8.9
%
Rating:
BBB

Emerging Markets ESG

Mikro Kapital
(ALTERNATIVE)
Yield (p.a.):
0
1
2
3
4
5
6
7
8
9
7.5
-
0
1
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11
%
Rating:
B+

oTFY

Trade Finance Yield
Yield (p.a.):
0
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9
8.75
%
Liquidity:
Weekly
See all offerings  ->
Talk to Our Team
Our Business Activities
Yield Products
Institutional and qualified investors can access regulated on-chain private credit and structured investment products with full compliance under the Swiss DLT Act through the Obligate platform.
Private credit investments
Asset-backed securities
T+0 settlement & transparency
Tokenization Solutions
Companies issue regulated digital securities through our proprietary infrastructure. Streamline the entire lifecycle from structuring to distribution, reducing costs by 80% and time from weeks to hours.
On-chain bond issuance
Multi-chain infrastructure
Built on assetOS™
eNotes™ and eTrackers
Ledger-based securities under Swiss law
Smart contract system
Lifecycle runs on-chain, fully decentralized
Multi-chain
Issue on the blockchain of choice
Compliance built in
Regulated and globally enforceable

Proprietary Regulated Digital Assets Infrastructure

Our proprietary AssetOS™ technology platform features eNotes™ and eTrackers™ (ledger-based securities under the Swiss Code of Obligations), automated smart contracts, multi-blockchain support, and comprehensive compliance infrastructure regulated, globally enforceable, and designed for institutional requirements.
Invest

Access regulated on-chain private credit

Institutional and qualified investors access private credit and structured products, fully compliant with the Swiss DLT Act.

Explore offerings  ->
✓
Private credit investments
✓
Asset-backed securities
✓
T+0 settlement and transparency
Obligate app
oTFY · Trade finance
8.75%
Yield p.a. · Weekly liquidity
Earn yield on real-world trade finance
Allocated
Rating: BBB · Solana
EthereumSolana
Obligate Marketplace
oTFY · Trade finance
8.75%
Yield p.a.
LiquidityWeekly
RatingBBB
Lending marketsMorphoKamino
Secondary marketRaydiumUniswap
Underlying managerTradeFlow Capital Management
View offering
AssetOS™
New eNote™
Issue a digital bond in hours
✓
Structure terms
✓
Legal and compliance
3
Mint on-chain
4
Distribute to investors
Cost vs. traditional issuance
−80%
Real Estate Debt
LynxCap Investments
Yield (p.a.)8 - 11 %
RatingBBB-
Commodity Finance
Tradeflow USD Fund
Yield (p.a.)8.7 - 8.9 %
RatingBBB
Emerging Markets ESG
Mikro Kapital (ALTERNATIVE)
Yield (p.a.)7.5 - 11 %
RatingB+
Issue

Tokenize and issue digital securities

Companies issue regulated digital securities on our proprietary infrastructure, from structuring to distribution, in hours instead of weeks.

Learn more  ->
✓
On-chain bond issuance
✓
Multi-chain infrastructure
✓
80% lower issuance cost
✓
Time to market in hours, not weeks

Backed by Industry leaders

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Obligate in the news
October 22, 2026
News
https://www.redstone.finance/
oTFY is Live on Morpho: The Money Behind Global Trade is Becoming Collateral
July 30, 2026
News
https://obligate.medium.com/
Obligate's Flagship RWA Product oTFY Goes Live on Kamino, Powered by Chainlink, Unlocking Onchain Leverage on Institutional-Grade RWAs
July 2, 2026
News
https://www.eiffel-ig.com/en/
XBTO, Obligate and IQ-EQ, together with Eiffel Investment Group as investment adviser to the underlying strategy, complete a pioneering fully native digital asset issuance providing exposure to real asset-backed private credit investments
View All Press  ->

Operating worldwide, delivering reliable solutions across global markets with local expertise

Frequently asked questions
What is Obligate?
What does Obligate offer?
Who are Obligate's solutions tailored to?
How much does it cost?
How quickly can I onboard with Obligate?

Ready to Transform Your Capital Markets?

Join institutional leaders already leveraging our digital securities infrastructure.
Schedule Demo  ->
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Obligate is a member of the Tokenized Asset Coalition.
Obligate AG is a financial intermediary according to the Swiss Anti-Money Laundering Act (AMLA) and a member of the Financial Services Standards Association (VQF), an Anti-Money Laundering Self-Regulatory Organization (SRO), regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA).
MNC
Capital markets, built natively on-chain.
Under Swiss law.
Obligate AG
Mühlebachstrasse 162, 8008 Zurich, Switzerland
Registered with the Zurich Commercial Register Office
UID: CHE-379.891.298
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Capital markets rewired

Leading the way of on-chain finance.

Leading the way of on-chain finance

Get Started

Finance

Raise debt capital through issuance of regulated on-chain securities to a global investor base.

Invest

Excess returns through regulated on-chain private credit and structured investment products under the Swiss DLT Act.

Partner

Leverage Obligate’s flexible, all-in-one private market solution based on smart contract and legal-tech infrastructure to streamline issuance and distribution. 

Finance

Raise debt capital through issuance of regulated on-chain securities to a global investor base.

Invest

Excess returns through regulated on-chain private credit and structured investment products under the Swiss DLT Act.

Partner

Leverage Obligate’s flexible, all-in-one private market solution based on smart contract and legal-tech infrastructure to streamline issuance and distribution. 

Finance

Finance

Structure, Issue, and Distribute on-chain securities

Leverage a global audience of investors on the obligate marketplace. Simplify private market deals through automated issuance, settlement, and standardised T+0 issuance.

Structure, Issue, and Distribute on-chain securities

75% reduction of intermediaries
Reduced costs
Up to 5x faster time to issuance
Use Case

Addressing the Trade Finance Gap with Obligate: TradeFlow Issued senior bond eNotes on the Obligate platform with fund transactions backed by liquid commodities, leveraging automated settlement, issuance and global legal compliance

Read More

Finance

Invest

Invest in On-Chain Debt Instruments and Structured Products

Take advantage of the growing private credit sectors with higher yields, efficiency, and transparency through tokenisation, including customisable on-chain structured products.

Structure, Issue, and Distribute on-chain securities

High Yielding Products
Attractive Risk/Return ratio
Access to private market investments
Tailor made structured investment products
Highly diversified issuer portfolio
Use Case

OpenTrade’s launched its first private credit investments vault backed by Obligate’s offering, expanding the range of institutional-grade yield opportunities on their leading digital asset trading platform

Read More

Finance

Partner

Power your Issuance and Distribution operations with our institutional securities issuance infrastructure.

Structure, Issue, and Distribute on-chain securities

Professional User:

Become a platform user and streamline the structuring and issuance of private market deals with Capital Markets-as-a-Service (CMaaS).

Distribution Partner:

Offer on-chain debt products to your clients by joining our marketplace as a distribution partner.

SaaS Client:

Leverage Obligate’s issuance and legal infrastructure through our SaaS model.

Use Case 1

Leveraging Obligate’s customizable structured product issuance capabilities to build a DeFi offering for retail end users with Margarita Finance.

Read More
Use Case 2

XBTO structured and distributed a Bermudair bond issuance—an exemplary case of a digital asset market leader leveraging Obligate’s infrastructure and serving as a distribution partner in the transaction.

Read More
The efficiencies of DeFi with the trust of traditional finance.
On-chain bonds and commercial paper at a fraction of the cost and time but the same regulatory certainty.
Partners
sdafireblocks
On-chain bonds

Investors

Creating debt capital markets on-chain.
What APY can I expect?
What issuer profile is on the platform?
Which investors are eligible to join the platform?
Get In Touch
Learn More
accurate credit information

eNote

Institutional-grade digital securities

Issue digital bonds & investment products within days.
Regulated and secured
Instruments are globally enforceable, regulated debt securities. Providing investors with access to a wide range of regulated and secured digital debt assets
Get In Touch
Learn More
eNote obligate
What is the legal framework?
What are eNotes™?
Get In Touch
Learn More
eNote obligate
Regulated and secured
Instruments are globally enforceable, regulated debt securities. Providing investors with access to a wide range of regulated and secured digital debt assets
Get In Touch
Learn More

In the Press

Read More
2026-10-22
|
https://www.redstone.finance/

oTFY is Live on Morpho: The Money Behind Global Trade is Becoming Collateral

2026-07-30
|
https://obligate.medium.com/
oTFY is now integrated into Kamino, Solana's leading lending protocol, where holders can use institutional-grade trade-finance exposure as collateral, with Chainlink bringing NAV data for oTFY onchain

Obligate's Flagship RWA Product oTFY Goes Live on Kamino, Powered by Chainlink, Unlocking Onchain Leverage on Institutional-Grade RWAs

2026-07-02
|
https://www.eiffel-ig.com/en/
Obligate, XBTO and IQ-EQ, with Eiffel Investment Group as strategy adviser, completed a native digital eNotes™ issuance giving investors exposure to real asset-backed private credit across the UK, Germany, Spain and Ireland. Issued on the Obligate platform under Swiss law, the notes run natively on Ethereum via smart contracts.

XBTO, Obligate and IQ-EQ, together with Eiffel Investment Group as investment adviser to the underlying strategy, complete a pioneering fully native digital asset issuance providing exposure to real asset-backed private credit investments

2026-06-30
|
https://medium.com/@obligate
oTFY is designed to be DeFi composable, integrating into Base lending markets as high-grade collateral Built for DeFi composability, oTFY plugs into Solana lending protocols as high-grade collateral

Obligate Brings $200m Trade-Finance RWA Product oTFY to Solana, Opening Onchain Lending Markets to Real-World Assets

2026-05-14
|
https://www.dfns.co/
Obligate is integrating Dfns as the wallet infrastructure powering its on-chain capital markets platform, covering issuer, investor, and treasury wallets across the full debt issuance lifecycle. The partnership gives Obligate a programmable, institutional-grade wallet layer with multi-chain coverage, policy-based governance, and the security posture needed to scale regulated tokenized debt issuance.

Obligate is integrating Dfns into its wallet infrastructure to power the next phase of its onchain capital markets platform

2026-04-23
|
https://particula.io/
Obligate has partnered with Particula to integrate independent risk ratings directly into its on-chain bond issuance platform. The collaboration aims to bring institutional-grade transparency and trust to tokenized debt capital markets.

Obligate Partners with Particula to Bring Independent Risk Ratings to On-Chain Debt Capital Markets

Backed by leading VCs, built by industry innovators

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Jerome Benathan
James Courtenay
Chairman of the Board
Jerome Benathan
Thomas Zeeb
Board Member
James Courtenay
James Courtenay
Chairman of the Board
David Blumer
David Blumer
Board Member
Spanning finance, law, and technology, our team of experts are transforming finance.
Our goal is to empower our clients to achieve financial success.
CORE TEAM
ADVISORS
Jerome Benathan
Fabio Andreotti
Head of Legal
Jerome Benathan
Robert Balcerowicz
Senior Front End Developer
Jerome Benathan
Arnauld Binder
Software Development
Jerome Benathan
Carmen Braza
Compliance Officer
Jerome Benathan
Andrew Presser
Compliance officer
Jerome Benathan
Hsin Chang
Product Manager & UX / UI Designer
Jerome Benathan
Darcy Edward Dodds
Partnership Manager
Jerome Benathan
Ksenija Korolova
Business Development Manager
Jerome Benathan
Dr. Stephan Meyer
Co-founder & Chief Legal Officer
Jerome Benathan
Linda Pho
Head of Operations
Jerome Benathan
Sam Saidi
Business Development Associate
Jerome Benathan
Benedikt Schuppli
Co-Founder & Chief Innovation Officer
Jerome Benathan
Tetiana Shokhina
Marketing and Administration
Jerome Benathan
Dawid Stężycki
Tech Lead
Jerome Benathan
Chad Walls
Senior Business Development Consultant
Jerome Benathan
Roberto Realini
Interim CFO
Jerome Benathan
Tobias Wohlfarth
Chief Business Officer & Deputy CEO
Jerome Benathan
Matthias Wyss
Chief Executive Officer
Jerome Benathan
James Freis
Advisor
Jerome Benathan
Khalid Howladar
Credit Advisor
Jerome Benathan
Daniel Killenberger
Technology Advisor
Jerome Benathan
Whitman Knapp
Advisor
Jerome Benathan
Mihai Mosneanu
Partnerships Advisor
Jerome Benathan
Lutz Preussler
Strategic Capital Formation Advisor
Jerome Benathan
John Taylor
Advisor
Jerome Benathan
Benjamin Treves
Advisor
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Obligate is a member of the Tokenized Asset Coalition.

Obligate AG
Mühlebachstrasse 162, 8008 Zurich,
Switzerland
‍
Registered at the Commercial Registry of Zürich
UID: CHE-379.891.298

hello@obligate.com

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blockchange
Obligate is a member of the Tokenized Asset Coalition.

Obligate AG is a member of VQF, a Swiss FINMA regulated AML SRO, and a financial intermediary according to article 2 paragraph 3 ff. of the Swiss Anti-Money Laundering Act.

© 2026 Obligate, All rights reserved.
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