Driving Sustainable Impact Across the Globe
Driving Sustainable Impact Across the Globe
Understanding eNotes & eTrackers
Obligate offers issues two types of on-chain instruments. Here is how capital flows through the RWA Yield strategy, and how the two instruments differ.
100%
ESG Compliance
Achieving a significant 50% carbon reduction
eNote™
A digital bond issued on-chain by an issuer under Swiss law. Like a traditional bond, the issuer pays regular coupons at fixed intervals and returns the  principal at a set maturity date — settlement, ownership, and recordkeeping happen entirely on-chain.
eTracker
An investment product that bundles many eNotes from different issuers into one revolving on-chain structure. Investors hold a yield-accuring token whose value continuously appreciates as the underlying assets generate yield — no fixed maturity, no coupon payments.
eNote™
A digital bond issued on-chain by an issuer under Swiss law. Like a traditional bond, the issuer pays regular coupons at fixed intervals and returns the  principal at a set maturity date — settlement, ownership, and recordkeeping happen entirely on-chain.
eTracker
An investment product that bundles many eNotes from different issuers into one revolving on-chain structure. Investors hold a yield-accuring token whose value continuously appreciates as the underlying assets generate yield — no fixed maturity, no coupon payments.
eNote
Instrument
Bond instrument (ledger-based security)
Term
Fixed term
Set maturity date (e.g. 90 days – 1 year)
Yield
Fixed or variable coupon
Periodic interest at a set rate, principal returned at maturity
eTracker
Instrument
Structured debt instrument (ledger-based security)
Term
Evergreen
No maturity, capital recycled continuously into new eNotes
Yield
Target yield
Token value appreciates continuously, built-in compounding
Built for Institutional Investors
Crypto Foundations
Deploy treasury USDC or BTC into yield strategies while maintaining on-chain transparency. Ideal for foundations that need auditable, compliant returns on digital asset reserves without sacrificing custody control.
RWA Asset Managers
Offer clients exposure to blockchain-native private credit. Obligate's eTracker and eNote infrastructure handles issuance, compliance, and secondary liquidity so you can focus on capital raising and investor relations.
Crypto Fund Managers
Add uncorrelated fixed-income exposure to your portfolio. Our BTC Yield and Crypto Yield strategies are designed to generate returns independently of broader crypto market movements.
Qualified Individual Investors & Family Offices
Access the same institutional-grade products on the same terms. Transparent on-chain pricing, regulated structure.
Common Questions, Answered Clearly
If your question isn't covered here, our team is happy to walk you through it. Most clients are up and running within 48 hours of a first call.
Ask the Team ->
Are these instruments regulated?
What are the minimum investment amounts?
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