Archax launches €GOVY on Stellar: perpetual euro government bills with auto-roll structure that reinvests maturing proceeds automatically, eliminating manual reinvestment cycles. Trades 24/7 and is designed for institutional working collateral.
Archax launched €GOVY, a perpetual euro government bill token, on the Stellar network at Meridian 2026 in Lisbon. The product features an auto-rolling structure that reinvests maturing bills automatically, letting holders maintain continuous short-dated euro government exposure without managing maturity cycles. Trades 24/7 on blockchain with institutional-grade settlement and is structured as working collateral—an asset designed to be held, transferred, and pledged between eligible institutions as an alternative to cash. The launch follows Archax's September 2026 approval from Spain's CNMV to operate in the EU and EEA. €GOVY joins Archax's $GOVY and £GOVY products, giving institutions perpetual government exposure in all three major reserve currencies on chain. On Stellar, €GOVY sits alongside euro stablecoins, enabling seamless movement between tokenized government exposure and cash on a single network.
