According to CoinMeta, the compliant digital asset platform Archax announced the launch of a euro-denominated tokenized government bond product, €govy, on the Stellar network, providing institutional investors with an opportunity to invest in short-term government bonds from the Eurozone on-chain. This product features an automatic renewal mechanism; when the underlying bonds mature, new bonds will be automatically purchased. It also supports conditional transfers and collateralization by eligible institutions around the clock. €govy will, together with the euro-stablecoin on Stellar, constitute the on-chain euro liquidity infrastructure.