Archax, a UK/EU regulated digital asset platform, launched $GOVY, a tokenized perpetual US Treasury Bill token for institutional investors. The product offers continuous auto-rolling short-dated government securities with FCA-authorized custody, direct legal ownership, and embedded on-chain settlement without fund wrappers or SPVs. Investors can subscribe through Archax accounts or whitelisted wallets using stablecoins.
Archax, a UK/EU regulated digital asset platform, announced $GOVY, a tokenized perpetual US Treasury Bill product designed for institutional investors. The token represents continuously rolling short-dated government securities held 1:1 in FCA-authorized custody with Northern Trust. Key features include direct legal ownership through UK trust law nominee vehicle, automatic T-Bill rollovers, 24/7 blockchain settlement, and multi-chain availability on Ethereum, Hedera, and Stellar. Investors can subscribe through Archax brokerage accounts or whitelisted wallets using eligible stablecoins, and redeem for either stablecoins or physical T-Bill delivery. The platform plans to launch parallel products in GBP and EUR, expanding perpetual rolling exposure across major currencies for institutional asset managers.