Archax has launched a tokenised, perpetual US Treasury Bill (T-Bill) product, designed to align with high-quality liquid assets (HQLA) principles.
The fund, $GOVY, gives investors direct, legally-enforceable exposure to auto-rolling, short-dated US government securities with embedded on-chain settlement, custody and delivery rights.
The Archax $GOVY token represents ownership of continuously rolling, short-dated T-Bills, providing investors with blockchain-based smart contracts combined with legal enforceability, collateral eligibility and regulated custody without using a fund or SPV structure.
“$GOVY brings together the safety and familiarity of US T-Bills with the operational advantages of tokenisation,” said Graham Rodford, CEO and co-founder of Archax. “Professional and institutional investors can now access government yield in a structure that is fully regulated, legally robust and operationally simple – without the friction of traditional settlement cycles, SPVs or fund wrappers.”
Investors can access the fund via an Archax brokerage account, or from whitelisted wallets using eligible stablecoins. Archax then purchases and tokenises the corresponding T-Bills, which are held 1:1 in regulated custody. As each one matures, it is automatically replaced within the $GOVY token by the next equivalent short-dated instrument, providing perpetual, continuously rolling exposure.
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