Archax launches €GOVY on Stellar: a perpetual tokenized euro government bill product with auto-rolling yield, providing 24/7 institutional access to short-dated eurozone debt as working collateral. The launch follows Archax's September 2026 EU regulatory approval and completes the GOVY suite in dollars, sterling, and euros.
Archax announced €GOVY at Meridian 2026, extending its tokenized government bill product to euros. The perpetual instrument features an auto-roll structure: underlying bills renew automatically at maturity, so holders retain continuous exposure and yield without managing reinvestment cycles. As working collateral, €GOVY complies with HQLA Level 1 principles, making it suitable for 24/7 transfer and pledging on supported venues as an alternative to holding euro cash. The launch follows Archax's recent EU expansion: Spain's CNMV authorized Archax Markets Europe in September 2026 to serve professional and eligible clients across the EU and EEA. On Stellar, €GOVY coexists with euro stablecoins, allowing holders to move between cash and tokenized debt exposure on-chain. The product completes GOVY's institutional suite: after launching $GOVY in June 2026 on Ethereum, Hedera, and Stellar, Archax now offers perpetual government exposure in three major reserve currencies.
