News
Bitcoin Suisse issues tokenized bonds on Obligate to expand lending business
Obligate, the leading on-chain capital markets platform, today announced the completion of the first tokenized bond issuance for Bitcoin Suisse, Switzerland’s leading provider of crypto-financial services. This issuance aims to accelerate Bitcoin Suisse’s growth efforts in its lending activities. Bitcoin Suisse recently surpassed CHF 5 billion in assets under custody, consolidating its position as Switzerland’s largest cryptocurrency custodian and trusted gateway to invest in digital assets. Bitcoin Suisse was one of the first institutions in Switzerland to offer cryptocurrency-backed loans to its clients to increase their capital efficiency.
The transaction further validates Obligate’s strategy of offering institutional borrowers access to new sources of capital, highlighting the rapid adoption of real-world tokenized assets within the broader FinTech ecosystem.
Investment grade bonds are overcollateralized, providing an additional layer of safety for investors. The issue includes advanced collateral management with conservative Loan-to-Value (LTV) ratios. Using USDC as the settlement currency, this issuance was carried out via atomic settlement of bonds issued against Circle’s stablecoin, improving transaction efficiency.
Stephan D. Meyer, co-founder and CLO of Obligate, commented: “By facilitating this tokenized bond issuance, we empower institutional-grade brokers and custodians like Bitcoin Suisse, who hold billions in assets, to leverage our advanced blockchain technology, solid legal foundations” regulatory framework and collateralisation capacity”.
At the same time, Obligate’s qualified investors seized the opportunity to invest directly in this private debt issue. This underlines the confidence in Obligate and highlights Bitcoin Suisse’s strong balance sheet.
“This is a significant step towards integrating traditional financial mechanisms with innovative digital solutions, setting a new standard for asset-backed lending in the digital economy,” added Stephan.
The funds raised from this tokenized bond issuance will be used to grow Bitcoin Suisse’s internal lending business.
Sandro Huwyler, head of treasury at Bitcoin Suisse, said:
“Bitcoin Suisse remains committed to bridging the gap between traditional finance and decentralized technology. The milestone issuance of this tokenized bond reinforces our pioneering role in the industry and reflects the trust investors place in Bitcoin Suisse, its financials and its business model. The additional capital generated through the issuance of the new bond will support the expansion and growth efforts of our lending business and help us meet growing demand from our customers.”
About Bitcoin Suisse
Founded in 2013, Bitcoin Suisse is the Swiss pioneer of cryptofinance and technology. As an enabler of the crypto and blockchain ecosystem in Switzerland, Bitcoin Suisse has been a driving force in the development of the “Crypto Valley” and the “Crypto Nation Switzerland”. The crypto-financial services provider offers brokerage, custody, lending, staking and other crypto-related services for private and institutional clients. As a member of the self-regulatory organization Financial Services Standards Association (VQF), Bitcoin Suisse is a financial intermediary subject to Swiss AML/CFT regulations. Bitcoin Suisse consists of several companies under the parent company BTCS Holding Ltd. The company is headquartered in Zug and has built a team of more than 200 highly qualified experts in Switzerland and Europe. | www.bitcoinsuisse.com
About Obligation
Obligate AG is a member of VQF, a Swiss AML SRO regulated by FINMA and a financial intermediary. At the forefront of institutional adoption in on-chain capital markets, Obligate provides a secure, transparent and regulatory compliant platform for issuing, trading and lifecycle management of debt instruments issued natively on the blockchain. The platform’s unique architecture meets the complex needs of institutional investors while reducing entry barriers for issuers by providing efficient access to multilateral financing. With its proprietary eNotesTM, registry-based securities based on the most advanced DLT legislation, a comprehensive dispute resolution framework and global enforceability of debt securities, Obligate demonstrates its commitment to meeting institutional standards. | www.obbligarsi.com