Swiss crypto custodian Bitcoin Suisse has recently issued a tokenized bond via Obligate in order to further expand its lending business. The bond is overcollateralized and settles in Circle’s USD Coin (USDC) stablecoin. This move will provide Bitcoin Suisse with additional capital to meet the growing demands of its clients and support the growth of its lending business, according to the head of treasury, Sandro Huwyler. This issuance represents a milestone for the company and demonstrates its commitment to bridging the gap between traditional finance and decentralized technology.
Obligate, the on-chain capital markets platform, aims to empower institutional-grade brokers and custodians like Bitcoin Suisse to leverage advanced blockchain technology, robust legal frameworks, and collateralization capabilities. Bitcoin Suisse, founded in 2013, offers crypto cold storage services for institutional investors and has raised over $50 million in a Series A funding round in 2020. This latest tokenized bond issuance reinforces Bitcoin Suisse’s pioneering role in the industry and reflects the trust that investors place in the company, its financials, and its business model.
The increasing adoption of tokenized bonds and blockchain technology in the financial sector highlights the potential for innovation and growth in the industry. By utilizing tokenization and stablecoins for bond issuance, companies like Bitcoin Suisse can access new capital sources and expand their offerings to meet the evolving needs of clients. This development not only strengthens Bitcoin Suisse’s position in the market but also sets a precedent for future collaborations and partnerships within the crypto and blockchain ecosystem.
With the issuance of this tokenized bond, Bitcoin Suisse is showcasing its commitment to driving growth and innovation in the lending business. The company’s strategic use of blockchain technology and stablecoins for bond settlement demonstrates its forward-thinking approach to financial services. By leveraging the capabilities of platforms like Obligate, Bitcoin Suisse is able to access a broader investor base and enhance its position as a leading crypto custodian in Switzerland and beyond.
As the demand for crypto custodian services continues to rise, companies like Bitcoin Suisse are positioning themselves for long-term success by exploring new avenues for growth and expansion. The tokenized bond issuance on Obligate not only provides Bitcoin Suisse with additional capital but also reinforces its reputation as a trusted custodian in the industry. This strategic move aligns with the company’s vision to bridge the gap between traditional finance and decentralized technology, paving the way for further innovation and collaboration in the crypto space.
In conclusion, the issuance of a tokenized bond by Bitcoin Suisse via Obligate signifies a significant milestone for the company and the broader crypto industry. By leveraging blockchain technology and stablecoins for bond settlement, Bitcoin Suisse is not only strengthening its position in the market but also pioneering new ways to access capital and drive growth in the lending business. This move underscores the company’s commitment to innovation and its dedication to meeting the evolving needs of clients in the digital asset space. With a focus on bridging the gap between traditional finance and decentralized technology, Bitcoin Suisse continues to set the standard for excellence in the crypto custodian industry.
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