OpenEden TBILL $TBILL

The OpenEden TBILL Vault represents an innovative convergence of traditional finance and blockchain technology, offering a unique opportunity for investors to gain exposure to U.S. Treasury Bills (T-Bills) on-chain. This risk-free rate avenue allows investors the experience of stablecoin balances within a smart-contract vault, promoting both safety and security in the investment realm.

About OpenEden TBILL Vault and TBILL Token

OpenEden TBILL Vault is a ground-breaking smart-contract vault dedicated to U.S. Treasury Bills. By investing into the TBILL Vault, investors are provided with a stablecoin representation of their investment on-chain, mirroring the U.S. risk-free rate. The TBILL token, issued within this environment, is an EIP-20-compliant token backed by these short-term U.S. Treasury Bills.

The TBILL Token Issuance and Rights

Issued by Hill Lights International (HLI), the TBILL token affords legal rights to investors proportional to their TBILL holdings. This includes the redemption value of all assets held within the OpenEden TBILL Vault, including U.S. Treasury Bills, USDC, and fiat USD. HLI, a professional fund based in the British Virgin Islands, holds the underlying Treasury Bills portfolio.

Management and Custody

The management of the Treasury Bills portfolio is undertaken by OpenEden Pte Ltd, a registered fund management company regulated by the Monetary Authority of Singapore. In addition, a small portion of underlying assets, mainly USDC and fiat USD, is held for liquidity purposes. These assets are held by HLI's fully-owned subsidiary, OpenEden Cayman Limited, with segregated accounts in regulated and qualified custodians.

Availability and Access

Presently, TBILL tokens are available exclusively to Accredited Investors in both U.S. and non-U.S. jurisdictions. These investors are obliged to undergo compulsory KYC and AML screening during the subscription process. Furthermore, transfers of TBILL tokens are limited strictly to the whitelisted wallets of Accredited Investors, ensuring a robust and secure investment environment.