BNY Mellon Partners with OpenEden to Manage Tokenized US Treasury Fund, Enhancing Blockchain Finance Opportunities
Main Idea
BNY Mellon partners with OpenEden to manage a tokenized US Treasury fund (TBILL), combining blockchain technology with traditional finance to offer secure, liquid, and trusted investment in short-dated US Treasury Bills.
Key Points
1. OpenEden’s TBILL is the first tokenized US Treasury fund with a Moody’s 'A' rating, managed by BNY Mellon, ensuring low credit risk and high trust.
2. The partnership leverages BNY Mellon’s expertise to enhance the credibility and security of the TBILL fund.
3. Tokenized US Treasury Bills offer benefits like enhanced liquidity, 24/7 market access, and real-time settlement.
4. BNY Mellon acts as the primary custodian for the TBILL fund, adding a layer of trust and expertise.
5. The collaboration aims to cover the full lifecycle of tokenized assets, representing a significant advancement in the tokenization of US Treasuries.
Description
OpenEden’s TBILL is the first tokenized US Treasury fund with a Moody’s “A” rating, managed by BNY Mellon, ensuring low credit risk and high trust in blockchain finance. Tokenization of
Latest News
- Mike Novogratz Reflects on XRP’s Community and Value Amidst Past Skepticism2025-08-13 16:27:51
- Solana and Dogecoin Surge as Bitcoin Approaches New Highs: What Could This Mean for Investors?2025-08-13 16:23:17
- Bitcoin Holds Above $121K: Analyzing Potential Continuation or Reversal Scenarios2025-08-13 16:20:12
- Dogecoin Forms Bullish Golden Cross, Suggesting Potential for Upward Momentum Towards $0.302025-08-13 16:11:21
- Fonte Capital Launches Central Asia’s First Spot Bitcoin ETF, Potentially Enhancing Regulated Investment in Kazakhstan2025-08-13 16:10:53