Obligate Trade Finance Yield

Obligate Trade Finance Yield (OTFY) is a yield-accruing token that gives holders exposure to a revolving portfolio of investment-grade digital bonds financing asset-backed physical commodity transactions. The bonds are originated and managed by a Singapore-based investment manager, issued through a Luxembourg securitization vehicle as Swiss-law ledger-based securities, and sponsored by Obligate. It is designed for participants who want on-chain access to returns generated by real-world trade finance activity without managing the underlying bonds directly.

OTFY lives on the Solana blockchain and represents a claim on the underlying bond portfolio held by the Luxembourg securitization vehicle. Yield accrues into the token itself, meaning the token's value incrementally reflects income earned by the portfolio rather than distributing cash separately. The token can currently be used as collateral in the Kamino lending market on Solana, with additional on-chain money-market integrations described as near-term priorities by the project.

The data provided does not include a protocol fee stream, so fee-based measures such as revenue or fee yield are not available on this page. The economic return of the token comes from the yield embedded in the underlying bond portfolio rather than from a protocol collecting on-chain transaction fees. The circulating supply stands at 25,739,759.11 OTFY as of the recorded point in time, the fully diluted valuation-to-market-cap ratio is 1.0 because no maximum supply cap exists and no supply is pending or locked, meaning the entire issued supply is already in circulation.