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Obligate

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Obligate - leading the way to make on-chain capital markets accessible, efficient, and transparent.

220%
 - 
Funded 8 Jul 2025
€750,001 target
€1,651,940 from 168 investors
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Business overview

Location Zurich, Switzerland
Social media
Website www.obligate.com/
Sectors Finance & Payments Digital Mixed B2B/B2C
Company number CHE-379.891.298
Incorporation date 24 Jun 2019
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Investment summary

Type Equity
Valuation (pre-money) €25.7M
Equity offered 6.03%
UK tax relief N/A
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Business highlights

  • More than $65 million transacted on Obligate
  • Generated over $1 million annual revenue*
  • Top-tier clients in digital assets space
  • Platform for on-chain bonds & structured products
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Key features

  • Secondary Market
  • Nominee investment min. €73.40 +

Pitch

About the Campaign

Obligate unlocks access to debt capital markets with its Swiss-regulated platform, making it easy to issue and invest in digital securities. Using blockchain and our proprietary eNote™ infrastructure, we offer fast, cost efficient, and compliant solutions—now opening our equity to the public.

Market Opportunity

Obligate leads the fast growing $12.5B RWA tokenization market, focusing on debt and investment products. With 720% annual issuance volume growth at Obligate*, vs. 200% general market growth, we scale our platform—both via our marketplace or as SaaS—while expanding features and global reach.

Traction & Key Accomplishments

Since launching in Q4 2023, Obligate has enabled transactions with top-tier institutions across trade finance, digital assets, and micro-lending. Our revenues show that the product meets real market demand.

“We make capital markets more accessible by giving our clients an edge in issuance and structuring - driving value for issuers and investors. In 2025, we've introduced a SaaS model, that lets partners use the platform for their own clients”

Matthias Wyss, CEO

Use of Funds

The funds will accelerate client growth in markets like the US and Middle East through strategic partnerships and tailored offerings. Additionally, the funding will drive our ambition of becoming a globally leading capital markets infrastructure.

(*Based on audited 2023 accounts and unaudited 2024 management accounts)

Key Information

Key information investment sheet

Key Investment Information Sheet is available by downloading the following documents:

Share classes

The Company currently has two classes of shares, common shares and preferred shares. All investors in this round, including Republic Europe investors, will receive preferred shares. Holders of preferred shares will receive preferred dividend rights, and a 1x non-participating preference.

Liquidation preference
On a liquidation, return of capital or exit, the proceeds will be distributed as follows:
(1) First, preferred shareholders will receive a return equal to their investment amount.
(2) Second, the remaining proceeds shall be distributed amongst all shareholders pro rata (in the case of the preferred shareholders, this shall be reduced by the amount received at point (1)).

Material debt

The Company has the following outstanding loans:

1. €320,460.00 Founder loan with no interest rate and no repayment date. This loan is to be repaid when the company is in a sufficient cash position to do so
2. €346,000.00 from various employees' deferred salaries at a 10% interest rate per year until a round of CHF 2M or higher. It’s eligible to be converted into equity at the employee's discretion.
3. €238,200.00 loan from SchmickSchmack.NoWorks AG with an interest rate of 8% per year. The loan is to be repaid by December 2025.

The funds raised as part of this round will not be used to repay these loans.

Funds reflected

The funds reflected in the campaign’s progress bar are composed of cash investments in CHF on the same terms as the round. Please note, CHF 90k of the raised funds reflected in the campaign were received by the company in September 2024. These investments are a part of the same round and are on the same terms as Republic Europe investors.

Management team interests

The company management team has the following outside interests:

1. Matthias Wyss (CEO): Managing Partner MetaScale GmbH (consulting firm, not competing and unrelated, 1h per month external commitments)

2. Stephan D. Meyer (CLO): Chairman of Nestermind AG (agentic real estate company, not competing and unrelated), Founder Lexcovery Attorneys-at-Law LLC (tech advisory firm, not competing and unrelated, 2 days per month external commitments)

3. Benedikt Schuppli: Board Member of Neuronomics AG (quantitative AM, not competing and unrelated), Foundation Council of Lisk Foundation (crypto protocol foundation, not competing and unrelated, 10 days per month external commitments).

FX rate

Direct investments in the round from investors outside of Republic Europe investing CHF 604k are reflected in the campaign at an indicative exchange rate of 0.94 EUR to CHF.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Obligate has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 30 May 2025 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from €25,731,251

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Republic Europe.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Republic Europe

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Republic Europe campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Republic Europe will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

If available, this is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Republic Europe. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Republic Europe.

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