Startup PV01 has launched its first product, a tokenized on-chain version of a one-month U.S. Treasury bill, CoinDesk reported. The company's ultimate goal is to let companies issue bonds on the blockchain, trying to use blockchain technology to solve long-standing problems in debt capital markets. PV01 is working with two unspecified brokers to secure the notes before placing them in a special purpose vehicle (SPV). Despite being a US-issued debt, PV01 will not be operating in the US immediately.