Archax Adds Chainlink Data to Put Tokenised Treasuries to…
By Rick Steves
AI summary of the source article
Archax has integrated Chainlink Data Streams to supply pricing inputs for GOVY, its auto-rolling tokenised US Treasury product. The integration aims to support the instrument's use in on-chain lending, collateral management, margin, and treasury operations.
Why it matters
The integration addresses an important hurdle for tokenised securities: "a blockchain can record ownership and transfer an asset, but automated applications need trusted information about its value before they can set borrowing limits, manage margin or react to changing risk."
Key facts
- Archax adopted Chainlink Data Streams to provide pricing data for its tokenised Treasury product, GOVY.
- GOVY's underlying short-dated Treasury bills are held 1:1, with Northern Trust serving as custodian.
- The data stream utilizes a pull-based design to deliver low-latency data off-chain that applications can verify on-chain.
Source excerpt · FinanceFeeds
Archax has adopted Chainlink Data Streams to supply pricing inputs for GOVY, its auto-rolling tokenised US Treasury product, as the UK digital asset firm seeks to make the instrument usable in on-chain lending and collateral systems. The integration addresses an important hurdle for tokenised securities: a blockchain can record ownership and transfer an asset, but automated applications need trust…