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

  • Tokenization of US Treasuries is gaining traction, driven by demand for regulated cash-management solutions.

  • OpenEden’s TBILL product offers blockchain access to short-dated US Treasury Bills.

  • BNY Mellon’s expertise enhances the credibility and security of the TBILL fund.

Discover how OpenEden and BNY Mellon are revolutionizing finance with tokenized US Treasuries. Learn more about TBILL today!

What is OpenEden’s TBILL?

OpenEden’s TBILL is a tokenized US Treasury fund that combines blockchain technology with traditional finance. Managed by BNY Mellon, it offers investors a secure way to access short-dated US Treasury Bills.

How does the partnership enhance trust in digital assets?

The collaboration between OpenEden and BNY Mellon leverages BNY’s extensive fiduciary expertise, establishing a new standard of trust in the digital asset space. This partnership aims to cover the full lifecycle of tokenized assets, enhancing security and liquidity.

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Tokenized US Treasury Bills offer enhanced liquidity, 24/7 market access, and real-time settlement, making them attractive for modern investors.

BNY Mellon acts as the primary custodian for the TBILL fund, utilizing its infrastructure to ensure secure management of the underlying assets.

OpenEden’s TBILL represents a significant advancement in the tokenization of US Treasuries, combining blockchain technology with BNY Mellon’s expertise. This partnership not only enhances trust but also paves the way for future innovations in the digital asset landscape.


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Source: https://en.coinotag.com/bny-mellon-partners-with-openeden-to-manage-tokenized-us-treasury-fund-enhancing-blockchain-finance-opportunities/