OpenEden TBILL Vault price

TBILL

The OpenEden Treasury Bills TBILL Vault ("TBILL Vault") is a smart contract vault that provides investors with direct exposure to a pool of short-dated US Treasury Bills (“US T-Bills”) through the minting of the TBILL token. The TBILL token is backed 1:1 by short-dated US T-Bills and a small portion of US Dollar (“USD”).

The TBILL token's token issuer is a registered professional fund (“Fund”) regulated by the British Virgin Islands Financial Services Commission (“Token Issuer”), and the TBILL Fund is awarded AA+f/S1+ by S&P Global Ratings. The TBILL Fund was the first tokenized US Treasury fund to receive an "A-bf" bond fund rating from Moody's. The underlying US T-Bills are managed by BNY Investment Management and custodied by BNY.

The TBILL token is an EIP-20-compliant representation of an Investor's economic interest in the Fund. By depositing USDC and minting TBILL tokens, the Investor will have legal rights to the redemption value of the net assets held by the Fund, proportional to the amount of TBILL tokens the Investor holds relative to the total outstanding supply of TBILL tokens.

The TBILL token is an EIP-20-compliant representation of an Investor's economic interest in the Fund. By depositing USDC and minting TBILL tokens, the Investor will have legal rights to the redemption value of the net assets held by the Fund, proportional to the amount of TBILL tokens the Investor holds relative to the total outstanding supply of TBILL tokens.