t ZERO will do Archax $GOVY, tokenized treasury bonds, are available to institutional investors.
Archax said the digital asset will be available to qualified buyers through tZERO’s broker-dealer later this year.
$GOVY provides access to short-term treasury bonds with on-chain clearing, custody and delivery.
Archax noted that this builds on an existing partnership with tZERO, which aims to create a framework for the distribution of digital securities in the UK, US and Europe.
Graham RodfordArchax’s CEO and co-founder says the US represents the largest single addressable market for tokenized government bonds and that the tZERO infrastructure is ideal for offering $GOVY to institutional investors “without the friction of traditional settlement cycles.”
Alan KonevskytZERO Chairman and Chief Executive Officer added that $GOVY is exactly the type of product their platform was built to support.
“By distributing $GOVY through our infrastructure, we will offer U.S. institutional investors seamless access to a tokenized treasury product while demonstrating the power of cross-border collaboration between regulated venues that is central to the promise of global convergence of financial asset tokenization. This is the follow-the-sun model in action.”
Future offers are planned, including £GOVY (GBP) and €GOVY (EUR).
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