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)

ChainCatcher news, the encrypted lending protocol Maple Finance announced the launch of a Cash Management Pool. Maple stated that the Cash Management Pool is an on-chain cash management solution that allows on-chain participants to invest in United States Treasury securities to meet clients' liquidity, risk, and accounting requirements.ChainCatcher Note: United States Treasury securities are short-term bonds issued by the U.S. Department of the Treasury with a maturity of no more than one year. (source link)

ChainCatcher news, according to The Block, former Head of Asia Pacific at Gemini, Jeremy Ng, and former Head of Business Development for Asia Pacific, Eugene Ng, have launched a new crypto startup called OpenEden to provide exposure to tokenized U.S. Treasury Bills (T-Bills).OpenEden was established in early 2022 and today launched its first product. The product is called the OpenEden T-Bill Vault, designed to allow USDC stablecoin holders to mint TBILL tokens and earn yields. (source link)