Archax’s $GOVY tokenized Treasury product has used Chainlink Data Streams for pricing since Oct. 19. The valuation data could support onchain lending, collateral and treasury-management uses.
Applications can request updated prices from outside the blockchain as needed and check the information onchain. The readings could help lending software set borrowing caps and calculate loan-to-value ratios, which compare debt with collateral value. No launch date for a $GOVY-based market has been announced.
The token is backed by short-dated U.S. Treasury bills. Eligible investors receive legally enforceable exposure to the securities, which Northern Trust holds in regulated custody on a one-for-one basis. When a bill matures, the arrangement rolls it into a short-dated security of equal value.
Transfers are permitted between eligible whitelisted wallets, and investors may receive the tokenized securities. Investors can use supported stablecoins to subscribe or redeem at any time.
Under a June 23 plan, qualified purchasers in the United States could receive $GOVY through tZERO later in 2026. The distribution remains subject to due diligence and final approval.
