Obligate is a issuance platform firm based in Zurich, Switzerland that obligate ag, based in zurich, provides blockchain infrastructure for compliant issuance, settlement and lifecycle management of digital debt instruments such as on-chain bonds and commercial paper. built on polygon, it combines smart contracts with legal-tech to streamline bond issuance and distribution. obligate is a financial intermediary under swiss anti-money-laundering law and a member of the vqf self-regulatory organization. in april 2026 keyrock issued a tokenized corporate bond through obligate with sygnum as distribution partner. the company reported reaching profitability and raised 3 million dollars. They serve clients in Switzerland, EU. Obligate is listed on The Token Playbook's vetted provider registry at thetokenplaybook.com/registry/obligate.