JAKARTA - Bitcoin Suisse, a pioneer in crypto financial services from Switzerland, announced the launch of its first tokenized bond. This innovative move was taken through the Obligate platform, an on-chain capital market ecosystem built on the foundations of Polygon's blockchain technology. This initiative not only marks significant progress in the evolution of decentralized financing (DeFi), but also opens the way for a more transparent and efficient future of financing.
Bond tokenization is a digital representation of conventional bonds realized through blockchain technology. The Oblgate platform allows companies to issue on-chain bonds, granting investors access to participate in funding in a regular and secure DeFi environment.
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Bitcoin Suisse, with assets managed worth 5 billion Swiss Franc (approximately IDR 90.6 trillion), plans to leverage the funds from these tokenization bonds to expand and develop its domestic loan business. Quoted from CryptoNews, Sandro Huwyler, Head of Treasury Bitcoin Suisse said, "The additional funds obtained from the issuance of these bonds will strengthen our expansion strategy and accelerate the growth of the loan business."
Stephan D. Meyer, co-founder of the Obligate and head of the legal department, stressed that the issuance of these tokenization bonds provides new powers for brokers and institutional class custodians such as Bitcoin Suisse. We provide them with access to our advanced blockchain technology, a strong legal framework, and superior colateralization capabilities," Meyer said.
Founded in 2013 and based in Zug, Bitcoin Suisse has become one of Switzerland's first financial institutions to offer a guaranteed loan with crypto assets. This move affirms Bitcoin Suisse's commitment to continue to be a pioneer in financial innovation.
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