Archax launches $GOVY – the first 24/7, perpetual T-Bill token aligned with HQLA Level 1 principles

Capital at Risk. For Institutional Investors Only. Not for Use by Retail Investors.

Provides continuous tokenised short-dated T-Bill exposure, with embedded 24/7 settlement, custody and delivery rights.

London – 17 June 2026 – Archax, the UK/EU regulated digital asset platform, today announced the launch of $GOVY, a tokenised, perpetual US Treasury Bill (T-Bill) product, designed to align with high-quality liquid assets (HQLA) principles. $GOVY gives investors direct, legally-enforceable exposure to auto-rolling, short-dated US government securities with embedded on-chain settlement, custody and delivery rights - and with no active management required by the investor.

The Archax $GOVY token represents ownership of continuously rolling, short-dated T-Bills, removing the operational complexity typically associated with managing maturing T-Bill positions. The product then combines the capabilities of blockchain-based smart contracts - instant settlement, 24/7 availability - with the expectations of traditional institutional clients, such as legal enforceability, collateral eligibility, regulated custody. Crucially, without using a fund or SPV structure.

“$GOVY brings together the safety and familiarity of US T-Bills with the operational advantages of tokenisation,” said Graham Rodford, CEO and co-founder of Archax. “Professional and institutional investors can now access government yield in a structure that is fully regulated, legally robust and operationally simple - without the friction of traditional settlement cycles, SPVs or fund wrappers.”

How $GOVY Works

Investors can subscribe through an Archax brokerage account, or from whitelisted wallets using eligible stablecoins. Archax purchases and tokenises the corresponding T-Bills, which are held 1:1 in regulated custody. As each T-Bill matures, it is automatically replaced within the $GOVY token by the next equivalent short-dated instrument, providing perpetual, continuously rolling exposure. Investors can redeem $GOVY for stablecoins or take delivery of the underlying T-Bill at any time. Importantly, investors retain legal ownership of their specific underlying T-Bills throughout.

Key Features and Benefits

• FCA-Regulated Infrastructure
  Archax is authorised by the UK Financial Conduct Authority to custody both traditional and tokenised securities. Although issued and governed by FCA regulations, the product is available outside the UK too.
• Direct Legal Ownership
  Legal title to the underlying T-Bills is held in an insolvency-remote nominee vehicle under UK trust law. No opaque SPV structures or fund wrappers, nor use of lesser regulatory jurisdictions.
•  Pool Token Structure 
  Leverages Archax’s innovative, patent-pending ‘pool token’ technology to provide single-token access to rolling tokenised T-Bills, which the investor can ‘open’ to take delivery of the underlying tokenised T-Bills they own, at any time.
• Institutional-Grade Custody
  Archax is the regulated digital asset custodian for the $GOVY tokens, utilising Northern Trust for custody of the underlying US T-Bills.
• Multi-Currency Issuance
  The $GOVY launch will soon be followed by similar products in other currencies and tenors, including: GBP (£GOVY) and EUR (€GOVY).
• Operational Efficiency
  Investors can utilise instant subscriptions and redemptions to a single token with continuously rolling entitlement to T-Bills, without manual roll management.
• Cost Efficiency
  Low custody and transaction fees with no additional intermediary or fund management layers.

$GOVY will initially be available to non-US investors and will be issued on Ethereum, Hedera and Stellar, with support for other blockchains to follow. Transferability is restricted to whitelisted wallets, ensuring compliance with regulatory and investor eligibility requirements. The underlying assets consist of short-dated US T-Bills held 1:1 against the issued tokens.

The launch of GOVY tokens marks another milestone in Archax’s mission to build regulated infrastructure for the tokenisation, custody, trading and distribution of both cryptoassets and real-world assets.

For more information on GOVY, visit https://govy.finance/.

About Archax

Archax is a UK/EU regulated digital asset platform targeted at professionals and institutions. Archax has bases in the UK, EU, US and UAE.

Founded by experts from traditional capital markets, Archax supports all types of digital assets - from unregulated cryptocurrencies through to regulated tokenised real-world assets (RWAs).

Archax also covers the full digital lifecycle from token issuance and fundraising through to trading and custody.

Archax provides the global, regulated on-chain capital markets infrastructure that allows traditional financial markets participants to bridge into the digital/crypto/DeFi space.

For more information, visit www.archax.com or contact media@archax.com.