Tokenization firm PV01 tokenizes 5 million U.S. dollar treasury securities and plans to consider tokenizing corporate bonds

PV01, a tokenization company led by the founder of cryptocurrency market maker B2C2, has completed its initial tokenized bond sale under UK law, marking a key step towards its goal of creating a bond market, including corporate debt, on a blockchain track. The asset, a tokenized version of the Ethereum blockchain worth $5 million US treasury security issued on April 8, was redeemed a week later and market makers B2C2, BlockTower Capital and Keyrock invested in PV01's "proof-of-concept" offering. The company "hopes" to facilitate a tokenized corporate bond sale by a cryptocurrency company "in the coming months".