tZERO will make Archax $GOVY, tokenized treasuries, available to institutional investors.
Archax said the digital asset will be available for qualified purchasers via tZERO’s broker-dealer later this year.
$GOVY provides access to short-term treasuries with on-chain settlement, custody, and delivery.
Archax noted this builds upon an existing partnership with tZERO that seeks to establish a framework for distributing digital securities in the UK, US, and Europe.
Graham Rodford, CEO and co-founder of Archax, says the US represents the single largest addressible market for tokenized government securities and the tZERO infrastructure is ideal to offer $GOVY for institutional investors “without the friction of traditional settlement cycles.
Alan Konevsky, Chairman and Chief Executive Officer of tZERO, added that $GOVY is exactly the kind of product their platform was built to support.
“By distributing $GOVY through our infrastructure, we will give US institutional investors seamless exposure to a tokenized treasuries product while demonstrating the power of cross-border collaboration between regulated venues that is at the heart of the global convergence promise of financial asset tokenization. This is the follow-the-sun model in action.”
Future offerings, including £GOVY (GBP) and €GOVY (EUR), are planned.
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