Benedikt Schuppli, co-founder and CEO of Obligate, is leading an initiative to bring structured financial products to the Solana blockchain.
Margarita Finance, created by Schuppli's team, aims to simplify the investment process and attract a new segment of investors familiar with decentralized finance (DeFi) risk profiles.
The project offers a programmable digital asset tied to the price of SOL, the native token of the Solana blockchain.
Margarita Finance is built on the Solana blockchain due to its technical advantages and user-friendly interface.
The project is in the early stages of development and has secured funding and a grant from the Solana Foundation.
Margarita Finance aims to provide a more straightforward alternative to existing structured product offerings by prioritizing usability and accessibility.
The success of projects like Margarita Finance could lead to a new era of on-chain financial products that lower barriers to entry and make structured investments available to a wider audience.