Tokenization firm PV01 tokenizes $5 million in Treasury bills and plans to consider corporate bond tokenization

PV01, a tokenization company led by the founder of cryptocurrency market maker B2C2, has completed its first tokenized bond sale under UK law, marking a crucial step towards creating a bond market (including corporate debt) on the blockchain. The asset is a tokenized version of a $5 million US Treasury bond issued on the Ethereum blockchain on April 8th and redeemed a week later, with B2C2, BlockTower Capital, and Keyrock investing in PV01's "conceptual validation" issuance. The company "hopes" to facilitate a tokenized corporate bond sale for a cryptocurrency company in the "coming months."