Polytrade Issues Inaugural On-Chain Bond to Fund RWA Marketplace Growth
Singapore-based fintech startup Polytrade has raised growth capital through an on-chain bond issuance facilitated by Obligate , an on-chain capital markets platform. The uniquely structured bond marks Polytrade’s expansion into Asia as it evolves its business from a single asset tokenization play into a diverse, multi-asset marketplace for real-world assets (RWAs). TLDR Polytrade issues its first on-chain bond via Obligate platform, backed by trade receivables The bond was issued as an electronic, blockchain-based note (eNote) on Polygon network, with proceeds in USDC stablecoin Issuance marks Polytrade’s expansion into Asia and its evolution as a multi-asset RWA marketplace Obligate facilitates access to new forms of capital for non-bank lenders like Polytrade to fill lending gaps left by banks Polytrade aims to ease liquidity bottlenecks in RWA sector through this partnership with Obligate The blockchain-based bond was issued as an electronic note (eNote) on Polygon...