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.

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)