News
Lisk is poised to accelerate blockchain adoption in emerging markets with mandatory implementation
Zug, Switzerland, May 9, 2024, Chainwire
Lisk, a leading Layer 2 solution and member of Optimism Superchain, announces that Obligate, a Switzerland-based on-chain capital markets platform renowned for its innovative blockchain-based financial services, will deploy an instance on its network. As part of their collaboration, Lisk and Obligate aim to address challenges in emerging markets by improving access to decentralized financial services.
Obligate will use the Lisk L2 network, known for its high efficiency, speed and scalability guaranteed by Ethereum within the Optimism Superchain. This strategic initiative aims to empower businesses in emerging markets by offering more accessible capital solutions through blockchain technology, bypassing the typical issues and high interest costs often encountered with traditional banking intermediaries.
Dominic Schwenter, CPO at Lisk, said: “Lisk has consistently led the way in making blockchain technology accessible, focusing specifically on solving real-world problems in emerging markets. The integration of Obligate’s platform with Lisk not only promotes financial inclusion but also paves the way for advanced solutions for real-world assets (RWA) and off-chain assets (OCA). This implementation is a crucial step towards our goal of introducing the next billion people to the Web3 ecosystem.”
Benedikt Schuppli, co-founder of Obligate, commented: “Lisk L2’s design to support real-world applications and assets aligns perfectly with Obligate’s mission to deliver secure and regulated blockchain solutions. Our partnership will provide robust, efficient and transparent financial options to the regions most in need and we look forward to witnessing the positive impacts of our joint efforts.”
The implementation of Obligate on Lisk L2 is particularly significant due to its potential effects on real-world resources. By facilitating easier and more efficient access to capital, Lisk L2 and Obligate will help companies leverage their physical assets to obtain financing, thus promoting economic growth and stability.
This collaboration also leverages Lisk L2’s technological strengths, including greater scalability and user experience, which are essential for the adoption of blockchain solutions in markets with varying degrees of technological infrastructure.
About Lisk
Lisk provides a cheap, fast, and scalable Layer 2 (L2) network secured by Ethereum. As a long-standing Web3 infrastructure project, Lisk has been democratizing blockchain accessibility for developers and end users globally since 2016. Its primary goal is to solve local problems in emerging markets by bringing solutions around real-world assets ( RWA), off-chain assets (OCA) and on-chain DePIN. As a member of the Optimism Superchain, Lisk is helping bring the next billion people to Web3.
About Obligation
Required AG is a member of VQF, a Swiss AML SRO regulated by FINMA, and a financial intermediary. At the forefront of institutional adoption in on-chain capital markets, Obligate provides a secure, transparent and regulatory compliant platform for issuing, trading and lifecycle management of debt instruments issued natively on the blockchain. The platform’s unique architecture meets the complex needs of institutional investors while reducing entry barriers for issuers by providing efficient access to multilateral financing. With its proprietary eNotesTM, registry-based securities based on the most advanced DLT legislation, a comprehensive dispute resolution framework and global enforceability of debt securities, Obligate demonstrates its commitment to meeting institutional standards.
Contact
Dasi Kaplan
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