PV01 launches a tokenized on-chain version of a one-month U.S. Treasury bill

ChainCatcher news, according to CoinDesk, the startup PV01 has launched its first product, a tokenized on-chain version of a one-month U.S. Treasury bill. The company's ultimate goal is to enable businesses to issue bonds on the blockchain, attempting to use blockchain technology to address long-standing issues in the debt capital markets. PV01 is collaborating with two unspecified brokers to ensure the security of the notes, which will then be placed in a special purpose vehicle (SPV). Although it is U.S.-issued debt, PV01 will not operate in the U.S. immediately. (Source link)