PV01 has completed its first tokenized bond sale, marking the development of the blockchain bond market.

Tokenized company PV01 has completed its first tokenized bond sale, conducted under UK law, marking a crucial step for the company in creating a bond market on the blockchain. The asset is a tokenized version of $5 million worth of US Treasury bonds on the Ethereum blockchain, issued on April 8th and redeemed a week later. Market makers B2C2, BLOCKTOWER CAPITAL, and KEYROCK invested in PV01's "proof of concept" issuance. PV01 plans to expand its tokenized government bond issuance in the short term after the initial sale and aims to expand to corporate bond issuance in the medium term.