**On-chain Bond Platform Obligate Launches on Coinbase’s Ethereum Layer 2 Scaling Platform, Base**

Obligate, a Swiss-regulated blockchain marketplace for capital markets, has announced its deployment on Base, the Ethereum layer-2 scaling solution launched by Coinbase. This development is a significant milestone in promoting the adoption of on-chain debt securities to a larger user base.

Obligate’s deployment on Base is expected to facilitate the institutional adoption of on-chain debt securities. With the increasing demand for on-chain bonds in the DeFi market, this launch is a crucial step in encouraging more institutional investors to embrace blockchain-native assets.

Matthias Wyss, the head of strategic partnerships at Obligate, emphasized that Base’s commitment to creating a more open financial system aligns closely with their vision of fostering institutional engagement in on-chain capital markets. He also highlighted that deploying on Base will provide more institutions with the necessary tools and infrastructure to participate in on-chain debt capital markets, representing a significant shift in the integration of blockchain technology into institutional finance.

Base, launched in early August, has experienced substantial growth, with monthly active user counts exceeding 1 million on average and revenue recently surpassing $10 million. In a seed funding round, Obligate raised $8.5 million, with investors including Earlybird, Blockchange Ventures, SIX Fintech Ventures, and Circle Ventures.

**FAQs**

1. **What is Obligate?**
Obligate is a Swiss-regulated blockchain marketplace for capital markets that focuses on on-chain debt securities.

2. **What is Base?**
Base is an Ethereum layer-2 scaling solution launched by Coinbase to address the scalability challenges of the Ethereum network.

3. **How will Obligate’s deployment on Base benefit institutional investors?**
The deployment on Base is expected to provide institutional investors with the necessary tools and infrastructure to participate in on-chain debt capital markets, fostering a more seamless engagement with blockchain-native assets.

4. **Who are some of the investors in Obligate’s seed funding round?**
Investors in Obligate’s seed funding round include Earlybird, Blockchange Ventures, SIX Fintech Ventures, and Circle Ventures.

5. **What are the recent milestones achieved by Base?**
Base has seen significant growth, with a monthly active user count exceeding 1 million on average and revenue recently surpassing $10 million.

6. **What are the goals of Obligate’s deployment on Base?**
Obligate aims to encourage the adoption of on-chain debt securities to a larger user base and facilitate institutional engagement in on-chain capital markets through its deployment on Base.