PV01 Launches Institutional Grade Bond Platform with Treasury-Backed Tokens

PV01, the new Bermuda-based broker-dealer and arranger of digital bond issuances founded by Max Boonen and Flavio Molendin, is making waves in the world of institutional crypto trading. The company recently ran a proof of concept involving bond issuances on the public Ethereum blockchain under English law, with a $5 million native bond issued via a special purpose vehicle, Digital Bonds Ltd.

What sets PV01 apart is its focus on providing an institutional-grade bond platform, regulated as a Digital Assets Business in Bermuda. The company aims to offer Treasury-backed tokens as well as enable crypto firms to issue corporate bonds, with the ability to use the bonds as collateral.

The launch of PV01 comes at a time when interest in Treasury-backed tokens is on the rise, with comparisons being drawn to Blackrock’s BUIDL, a digitally native fund backed by Treasuries. While BUIDL has a high minimum investment and is only available to US investors, PV01 targets non-US institutional investors and offers fixed maturities in contrast to a rolling fund.

In a show of confidence in PV01’s potential, the company recently raised a $9 million seed round from investors including Tioga Capital, BlockTower, and Ryze Labs. With the backing of these investors and a focus on providing innovative solutions for institutional investors in the crypto space, PV01 is poised to make a significant impact in the industry.