Tokenization is changing how debt is issued and invested, and Swiss company Obligate is among the pioneers. In this episode of Inside Digital Assets, Tobias Wohlfarth, Chief Business Officer and Deputy CEO at Obligate, tells host Claudio Tognella how digital securities created natively on the blockchain are modernizing capital markets.

Founded seven years ago in the context of the Swiss DLT Act, Obligate has transacted more than 800 million in volume on its platform, with products ranging from classical corporate bonds to structured products and yield-accruing tokenized instruments. Tobias explains why he believes finance has reached the point where incremental upgrades are no longer enough and a new infrastructure is needed. He shows how fewer intermediaries, automated processes and borderless access allow companies to launch bonds within minutes. He also shows how SMEs and international investors gain entry to markets that were previously out of reach.

The discussion turns to real world assets such as trade finance and to the due diligence, legal certainty and product structuring that investors expect. Tobias also gives a candid assessment of why large corporate issuers are not yet on-chain and which markets he expects to change fastest over the coming five years.

A conversation for anyone who wants to understand where asset management and capital markets infrastructure are heading.

Subscribe to our Spotify channel and never miss an episode of Inside Digital Assets!

Starting September 15, 2026, BX Digital will operate under the new name SeturionX. The name change applies exclusively to our brand name — our products and services will remain unchanged.