PV01 Issues First Digital Bond to Blue-Chip Stablecoin Investors
HAMILTON, Bermuda, April 16, 2024 /PRNewswire/ -- PV01 (www.pv0.one) announces the first sale of a digital native bond on the public Ethereum blockchain under English law, the gold standard of the global bond market.
- B2C2, Keyrock and BlockTower Capital purchase a $5M bond denominated in USDC and issued under Bermuda's Digital Asset Business Act.
- HAMILTON, Bermuda, April 16, 2024 /PRNewswire/ -- PV01 ( www.pv0.one ) announces the first sale of a digital native bond on the public Ethereum blockchain under English law, the gold standard of the global bond market.
- Issued on April 8th and successfully redeemed a week later, the bond was backed by a US Treasury Bill and earned a yield of 5.10%.
- The proceeds were used to purchase a US Treasury Bill and exchanged for a corresponding ERC-20 bond token, backed one-for-one by the government bond.