Provider profile · 2026 edition
Obligate review 2026: scores, fees and alternatives.
Obligate, based in Zurich, issues bonds, commercial paper and structured debt as ledger-based securities under the Swiss DLT Act.
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Obligate, based in Zurich, issues bonds, commercial paper and structured debt as ledger-based securities under the Swiss DLT Act.
Obligate scores 2.2 out of 5 (45 out of 100) in the Buckingham Intelligence Tokenisation Index 2026 and ranks 11 of 13. It is strongest for issuers of bonds and private credit seeking on-chain distribution under Swiss law, and its best criterion is track record at 4 out of 5. Not published or not stated on the pages read: pricing.
Scores from the Tokenisation Index 2026.
No award in the Tokenisation Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For asset managers | 49 | 11 of 13 |
| For banks and market infrastructure | 46 | 10 of 13 |
| For issuers of private and real assets | 41 | 11 of 13 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Issuers of bonds and private credit seeking on-chain distribution under Swiss law.
What Obligate publishes on its own pages, read on 26 October 2026.
Obligate, based in Zurich, issues bonds, commercial paper and structured debt as ledger-based securities under the Swiss DLT Act. It publishes a $200m trade finance product and named partners, and distributes to qualified investors and on-chain lending markets. Its regulatory status is membership of an anti-money laundering self-regulatory body, and it does not publish prices.
| Fact | What the provider publishes |
|---|---|
| Asset coverage | "Tokenizing bonds, commercial paper, and structured debt under the Swiss DLT Act"; private credit and asset-backed securities. |
| Pricing | Pages state issuance costs are reduced "by 80%"; no prices published. |
| Regulatory standing | "Obligate AG is a member of VQF, a Swiss FINMA regulated AML SRO, and a financial intermediary according to article 2 paragraph 3 ff. of the Swiss Anti-Money Laundering Act." |
| Distribution and trading | Distribution to "institutional investors, qualified investors, and professional clients"; oTFY product live on the Kamino lending market. |
| Networks and standards | "Multi-blockchain support"; Solana named. |
| Track record | "Obligate Brings $200m Trade-Finance RWA Product oTFY to Solana"; issuance with XBTO, IQ-EQ and Eiffel Investment Group. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: obligate.com.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Tokenisation Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Securitize | 4.2 | 1 of 13 | Asset managers tokenising funds for US and global investors |
| Taurus | 4.0 | 2 of 13 | Banks wanting tokenisation, custody and a regulated trading venue from one provider |
| Tokeny | 3.4 | 3 of 13 | Issuers and fund administrators wanting published monthly prices and an open token standard |
| InvestaX | 3.2 | 4 of 13 | Asian issuers and platforms needing a licensed market for tokenised funds |
| Bitbond | 3.0 | 5 of 13 | Banks and issuers wanting no-code token creation with per-token prices |
| Brickken | 2.9 | 6 of 13 | Smaller issuers wanting self-serve tokenisation with published prices |
| Superstate | 2.8 | 7 of 13 | Asset managers and listed companies tokenising funds or shares on public networks |
| 21X | 2.5 | 8 of 13 | Issuers and investors wanting a regulated EU venue for trading tokenised securities |
| Fireblocks | 2.5 | 9 of 13 | Institutions wanting to mint and hold tokens across many networks |
| Cashlink | 2.4 | 10 of 13 | European issuers and banks issuing securities under German electronic securities law |
| Kinexys by J.P. Morgan | 1.8 | 12 of 13 | Large institutions wanting tokenised funds and payments inside a global bank's network |
| Zoniqx | 1.8 | 13 of 13 | Real estate and private asset issuers wanting tokenisation with a distribution network |
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. Obligate is compared with its alternatives in the table above.
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