It is understood that Obligate (formerly FQX), a blockchain-based debt provider, announced the completion of a US$4 million seed expansion round of financing, with participation from Circle Ventures and Blockchange Ventures. Together with the initial fundraising in late 2021, Obligate's total seed funding now exceeds $8.5 million. The funds will help the company expand its debt platform, which will go live on the Polygon blockchain next month.