BNY Mellon Partners with OpenEden to Manage Tokenized US Treasury Fund, Enhancing Blockchain Finance Opportunities

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.