Bitcoin
Bitcoin (BTC)
$65,959.00 -1.38107
Bitcoin price
Ethereum
Ethereum (ETH)
$3,475.61 -0.09167
Ethereum price
BNB
BNB (BNB)
$602.20 0.31293
BNB price
Solana
Solana (SOL)
$142.84 -3.25513
Solana price
XRP
XRP (XRP)
$0.4740190 -0.9995
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.29134
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000115 -3.57499
Pepe price
Bonk
Bonk (BONK)
$0.0000244 -4.95649
Bonk price
Bitcoin
Bitcoin (BTC)
$65,959.00 -1.38107
Bitcoin price
Ethereum
Ethereum (ETH)
$3,475.61 -0.09167
Ethereum price
BNB
BNB (BNB)
$602.20 0.31293
BNB price
Solana
Solana (SOL)
$142.84 -3.25513
Solana price
XRP
XRP (XRP)
$0.4740190 -0.9995
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.29134
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000115 -3.57499
Pepe price
Bonk
Bonk (BONK)
$0.0000244 -4.95649
Bonk price
Bitcoin
Bitcoin (BTC)
$65,959.00 -1.38107
Bitcoin price
Ethereum
Ethereum (ETH)
$3,475.61 -0.09167
Ethereum price
BNB
BNB (BNB)
$602.20 0.31293
BNB price
Solana
Solana (SOL)
$142.84 -3.25513
Solana price
XRP
XRP (XRP)
$0.4740190 -0.9995
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.29134
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000115 -3.57499
Pepe price
Bonk
Bonk (BONK)
$0.0000244 -4.95649
Bonk price
Bitcoin
Bitcoin (BTC)
$65,959.00 -1.38107
Bitcoin price
Ethereum
Ethereum (ETH)
$3,475.61 -0.09167
Ethereum price
BNB
BNB (BNB)
$602.20 0.31293
BNB price
Solana
Solana (SOL)
$142.84 -3.25513
Solana price
XRP
XRP (XRP)
$0.4740190 -0.9995
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.29134
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000115 -3.57499
Pepe price
Bonk
Bonk (BONK)
$0.0000244 -4.95649
Bonk price
SirWin
SirWin
SirWin

Bitcoin Suisse issues tokenized bond on Obligate to raise fresh capital

bitcoin-suisse-issues-tokenized-bond-on-obligate-to-raise-fresh-capital
Edited by
News
Bitcoin Suisse issues tokenized bond on Obligate to raise fresh capital

Swiss crypto custodian Bitcoin Suisse has issued tokenized bond via Obligate to double down on growth efforts in the lending business.

Bitcoin Suisse, Switzerland’s largest crypto custodian with over $5.5 billion in assets under custody, has secured new capital by issuing a tokenized bond on Obligate, an on-chain capital markets platform.

According to a press release shared with crypto.news, the investment-grade bond is overcollateralized and utilizes Circle’s USD Coin (USDC) stablecoin as the settlement currency. The issuance was executed via atomic settlement of the bonds against the stablecoin.

Bitcoin Suisse head of treasury Sandro Huwyler says the additional capital generated through the issuance of the new bond “will bolster the expansion and growth effort of our lending business and help us meet the growing demand of our clients.”

“Bitcoin Suisse remains committed to bridge the gap between traditional finance and decentralized technology. The milestone of issuing 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.”

Sandro Huwyler

Commenting on the bond tokenization, Obligate co-founder Stephan D. Meyer says the platform wants to “empower institutional-grade brokers and custodians like Bitcoin Suisse, who custody billions in assets, to leverage our advanced blockchain technology, robust legal framework, and collateralization capabilities.”

Founded in 2013 by Niklas Nikolajsen, Bitcoin Suisse offers crypto cold storage services for institutional investors. In 2020, the Zug-headquartered company raised CHF 45 million (over $50 million) in a Series A funding round from a range of Swiss and international investors, including Roger Studer, the former head of investment banking at Bank Vontobel, and Swiss banker Tobias Reichmuth.