Archax Turns To Chainlink Data Streams For Tokenised Treasury Collateral

TL;DR: Archax has adopted Chainlink Data Streams to supply pricing information for GOVY, its tokenised US Treasury product, as it develops collateral use cases. Putting Treasury bills on a blockchain is only the beginning. If an institution wants to borrow against them or use them as margin in an automated market, the software also needs reliable, timely information about their value. That is the gap Archax is addressing with Chainlink. The regulated digital asset platform said it has adopted Chainlink Data Streams for GOVY, its continuously rolling tokenised US Treasury product. The aim is to supply pricing data to support lending, treasury management and other on-chain collateral applications. GOVY is designed to provide exposure to short-dated US government bills, with the underlying securities held in regulated custody.

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