PV01 Spearheads First Tokenized Bond Sale Under English Law

Introduction to On-Chain Bonds

Tokenization company PV01, steered by B2C2 founders, has successfully initiated the first tokenized bond under English law, establishing a foundational step towards enabling a blockchain-based bond market, which would encompass corporate debts as well.

Innovative Tokenization

The offering included a tokenized Ethereum blockchain version of a U.S. Treasury bill, valued at $5 million, with notable investors such as B2C2, and marks a significant expansion of real-world assets onto the blockchain, aiming for a more economical, swift, and transparent transaction system.

Future of Blockchain Bonds

PV01 aims to eliminate intermediaries by making the bond's lifecycle completely on-chain, contrasting with other firms that use tokens as a money market fund wrap. This proof of concept opens avenues for a future where corporate bonds are issued fully on blockchain, promising a scalable tokenized Treasury and potential corporate bond issuances soon.