Archax Adds Chainlink Data Streams to Price Tokenized Treasury Product

Archax adopted Chainlink Data Streams on Oct. 19 to provide pricing for $GOVY, its tokenized U.S. Treasury bill product, supporting potential onchain lending, collateral and treasury-management uses. A current asset valuation can help lending software set borrowing limits and calculate loan-to-value ratios, which compare a loan amount with the value of its collateral. Data Streams lets applications request low-latency market data offchain when needed and verify it onchain. Archax framed lending and collateral as potential uses for the pricing data, without announcing when a market using $GOVY would begin. The product gives eligible investors legally enforceable exposure to short-dated U.S. Treasury bills held one-to-one in regulated custody. Northern Trust is the custodian for the underlying securities. When a bill matures, it is automatically replaced with an equivalent short-dated security.

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