PV01 tokenizes 5 million US Treasury bonds and plans to issue corporate bonds

2024-04-16 21:55:43

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ChainCatcher news, according to CoinDesk, the tokenization company PV01, led by cryptocurrency market maker B2C2's founder Max Boonen, announced on Tuesday that it has completed its first tokenized bond sale under UK law, marking a key step towards the goal of creating a bond market (including corporate debt) on the blockchain.

It is reported that the asset is a tokenized version of a $5 million U.S. Treasury bond issued on April 8, which was redeemed a week later, with market makers B2C2, BlockTower Capital, and Keyrock investing in PV01's "proof of concept" issuance.

After the completion of the initial issuance, Boonen stated that PV01 plans to expand its tokenized Treasury bond issuance in the short term and to scale up to corporate bond issuance in the medium term.

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