Archax launches €GOVY on Stellar
29 October 2026 UK
Image: Maksim_Kabakou/stock.adobe.com
Archax, a UK-based regulated digital asset exchange and custodian, has made €GOVY, a euro-denominated version of its perpetual tokenised government bill product, available on the Stellar network.
€GOVY is designed to give treasurers, asset managers, and other eligible institutions 24/7 onchain exposure to short-dated euro-area government debt through a single token.
According to Archax, maturing bills roll automatically, and holders do not need to redeem or reinvest at each maturity date.
The product is structured in line with HQLA Level 1 principles, although regulatory treatment is subject to each holder’s specific rules.
€GOVY is distributed to EU clients through Archax Markets Europe, and can move between euro cash and tokenised euro government exposure onchain through Stellar.
It joins $GOVY, the firm’s tokenised perpetual US Treasury bill, on Stellar, also launched on Ethereum and Hedera in June 2026.
Speaking on the initiative, CEO and co-founder of Archax Graham Rodford says: “Institutions don’t run on one currency, and their collateral shouldn’t either.
“With the launch of €GOVY, a treasurer will be able to hold tokenised government exposure in dollars, sterling, and euros — earning yield and ready to deploy at any hour of any day.”
Jose Fernandez da Ponte, president and chief growth officer at the Stellar Development Foundation, adds: “Euro liquidity is moving onchain, and institutions want more options for the assets they hold between payments.
“Bringing euro government exposure onto the Stellar network, alongside euro stablecoins, shows the kind of real-world use the network supports.”
€GOVY is designed to give treasurers, asset managers, and other eligible institutions 24/7 onchain exposure to short-dated euro-area government debt through a single token.
According to Archax, maturing bills roll automatically, and holders do not need to redeem or reinvest at each maturity date.
The product is structured in line with HQLA Level 1 principles, although regulatory treatment is subject to each holder’s specific rules.
€GOVY is distributed to EU clients through Archax Markets Europe, and can move between euro cash and tokenised euro government exposure onchain through Stellar.
It joins $GOVY, the firm’s tokenised perpetual US Treasury bill, on Stellar, also launched on Ethereum and Hedera in June 2026.
Speaking on the initiative, CEO and co-founder of Archax Graham Rodford says: “Institutions don’t run on one currency, and their collateral shouldn’t either.
“With the launch of €GOVY, a treasurer will be able to hold tokenised government exposure in dollars, sterling, and euros — earning yield and ready to deploy at any hour of any day.”
Jose Fernandez da Ponte, president and chief growth officer at the Stellar Development Foundation, adds: “Euro liquidity is moving onchain, and institutions want more options for the assets they hold between payments.
“Bringing euro government exposure onto the Stellar network, alongside euro stablecoins, shows the kind of real-world use the network supports.”
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