Obligate and Mikro Kapital to Enable Bond Issuance on Base, an Ethereum L2 Incubated by Coinbase

Obligate announces a new digital bond issuance by Mikro Kapital, one of the  international groups of companies engaged in supporting small and medium-sized enterprises (SMEs) in emerging markets.

This move marks the first deployment on Base, an Ethereum L2 incubated by Coinbase, for Obligate.

Mikro Kapital, established in Luxembourg in 2008, “focuses on microfinance to support the real economy in emerging countries.”

The firm’s commitment to providing financial opportunities to small businesses aligns with this issuance, designed “to facilitate growth and development.”

Additionally, Mikro Kapital’s business model “allows a full overview on the flows, from investors to end-borrower, reducing risks, optimizing the returns and eliminating costs related to intermediaries.”

Vincenzo Trani, President of Mikro Kapital, stated:

“Mikro Kapital firmly believes that integrations between traditional finance and blockchain will open up new business opportunities for both. With this collaboration, investors will generate a positive impact by supporting the real economy and micro-entrepreneurship.”

ALTERNATIVE, a Mikro Kapital securitization fund, will “direct the proceeds from this bond towards providing microcredits and loans to micro, small and medium-sized enterprises (MSMEs), in addition to supporting sharing economy services.”

This bridges the gap between investors and end borrowers and “minimizes costs and risks associated with intermediaries, fostering local economic growth.”

Tobias Wohlfarth, Head of Origination at Obligate said:

“The issuance by Mikro Kapital, using Obligate and the BASE network exemplifies the scaling of our platform and sets a precedent for how we envision future collaborations and the expansion of our services. Bringing this issuance process on-chain allows us to more efficiently connect capital providers with borrowers, while also cutting out extra costs of middlemen, helping local economies grow.”

Obligate’s core functionality allows companies “to issue on-chain bonds and debt securities, obtaining funding from investors.”

Initially introduced on Polygon and now “expanding its capabilities by enabling the first transaction in the Base network.”

The Microfinance industry, as “the youngest and most appealing segment of the new sectors of finance, is experiencing worldwide growth at an annual rate of 15–20%. In this sector, micro-credit — or lending to MSMEs — is key.”

It empowers people and companies to realize their dreams, accomplish their mission, and elevate their communities’ welfare through responsible financial services, thereby contributing directly to the “real economy”.

With the Mikro Kapital partnership and their first bond issuance on Base, they “underline their aim to transform the financial sector.”

At Obligate, their vision is a financial market “that’s accessible, truly efficient and transparent for everyone, ensuring fair transactions across the board.”

This initiative is a step forward in their mission “to streamline capital flow, enabling growth and opportunity globally.”

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