tZERO Group, Inc., a leader in blockchain-based financial infrastructure, and Archax, the UK/EU-regulated digital asset platform, today announced that Archax's $GOVY tokenized US Treasury Bill product will be available for distribution to US qualified purchasers through tZERO's SEC-registered and FINRA-member broker-dealer and custodial infrastructure for tokenized assets later this year.
The collaboration will mark the first time $GOVY – which provides direct, legally enforceable entitlement to short-term treasuries with embedded on-chain settlement, custody and delivery functionality – will be available to US qualified purchasers. Distribution will be facilitated through tZERO's regulated brokerage ecosystem, providing a compliant pathway for US institutional investors to access government yield via tokenized infrastructure, subject to tZERO's due diligence and final approval.
The announcement builds on the recent Archax launch of $GOVY, as well as on the strategic partnership between Archax and tZERO announced last year, which established a framework for distributing digital securities and tokenized real-world assets across both platforms in the US, UK and EU.
“The US represents the largest addressable market for tokenized government securities, and working with tZERO gives $GOVY a regulated, institutional-grade route into that market,” said Graham Rodford, CEO and co-founder of Archax. “tZERO's infrastructure – including their SEC- and FINRA-regulated broker-dealer and digital custody capabilities – is ideally suited to distribute $GOVY to US institutional investors who want direct exposure to T-Bills without the friction of traditional settlement cycles.”
“$GOVY is exactly the kind of product our platform was built to support – an institutional-quality tokenized asset that delivers real yield with operational simplicity,” said Alan Konevsky, Chairman and Chief Executive Officer of tZERO. “By distributing $GOVY through our infrastructure, we will give US institutional investors seamless exposure to a tokenized treasuries product while demonstrating the power of cross-border collaboration between regulated venues that is at the heart of the global convergence promise of financial asset tokenization. This is the follow-the-sun model in action.”
The $GOVY token provides US qualified purchasers continuous exposure to short-term treasuries, removing the operational complexity of managing, rolling and settling short-term treasury positions. Investors may redeem $GOVY for stablecoins or the underlying T-Bill at any time.
Key features for US institutional investors include dual-regulated infrastructure: Archax is authorised by the UK Financial Conduct Authority; tZERO operates an SEC-registered and FINRA-member broker-dealer, SEC-regulated ATS and is a qualified custodian for digital assets. The product offers operational simplicity with continuous exposure to short-term treasuries via a single token, with no manual roll management required, and subscriptions and redemptions processed on-chain. Institutional-grade custody is provided through tZERO's digital asset broker-dealer with US-regulated custodial capabilities. $GOVY supports 24/7 subscriptions and redemptions and is issued initially on Ethereum, Hedera and Stellar, with support for other blockchains to follow.
The US distribution of $GOVY will represent a significant milestone in the Archax–tZERO partnership and demonstrates how regulated venues in different jurisdictions can collaborate to expand investor access to tokenized real-world assets. Further product launches across additional currencies – including £GOVY (GBP) and €GOVY (EUR) – are planned.
