> For the complete documentation index, see [llms.txt](https://docs.obligate.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.obligate.com/obligate/introduction.md).

# Introduction

Who we are and what we do.

Obligate AG is a Swiss technology services provider that operates the **Obligate tokenization platform** and the underlying infrastructure based on distributed ledger and blockchain technology. We are the founder and developer of the concepts behind the eNotes<sup>TM</sup>, an umbrella term for our debt instruments, as well as the eTrackers, which represent a group of different types of structured debt instruments. Furthermore, Obligate AG operates as a [regulated](/legal/disclaimer-and-regulatory-information.md) financial intermediary and financial services provider in accordance with the Swiss Anti-Money Laundering Act and the Swiss Financial Services Act.&#x20;

The Obligate platform enables **issuers**, such as corporations and securitization vehicles, to issue on-chain bonds, notes, commercial papers, and structured debt instruments. Qualified **investors** gain access to a broad range of tokenized debt instruments that may be secured by on- or off-chain collateral.&#x20;

Subject to the [customer onboarding requirements](/legal/general-terms-of-use.md), the platform is open to Swiss and foreign issuers and qualified investors.&#x20;

The instruments offer the [same degree of legal and regulatory certainty](/legal/legal-and-regulatory-framework.md) as traditional issuances at a fraction of the cost and time. By replacing intermediaries, such as issuer, paying and transfer agents, with smart contracts, Obligate can reduce issuance costs by 80% and shorten issuance timelines from weeks to hours.&#x20;