Keyrock has issued a statement announcing the issuance of a tokenized corporate bond that was enabled by Sygnum.
The EURC-denominated corporate bond uses the Ethereum blockchain.
Keyrock is a Brussels-based crypto investment firm that also provides market making, options, and asset management. It reports operations in 37 different countries.
Sygnum is a well-known regulated digital asset bank based in Switzerland.
Keyrock shares that the tokenized debt used Sygnum to distribute the offering, which leveraged Obligate’s blockchain-based bond platform.
Kevin de Patoul, Keyrock’s CEO, described the issuance as leading by example.
Matthias Wyss, CEO of Obligate, said tokenized debt has become practical for institutional financing.
“…we enable companies to issue and service onchain bonds with greater speed and transparency, while also meeting their legal and regulatory requirements. By combining blockchain infrastructure with capital markets standards, we provide issuers like Keyrock with a seamless and compliant path to raise capital onchain.”
Obligate issues debt as “eNotes which adhere to Switzerland’s DLT legislation. Obligate is a financial intermediary under the Swiss Anti-Money Laundering Act and a member of the Financial Services Standards Association (VQF), an Anti-Money Laundering Self-Regulatory Organization (SRO) regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA).
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
