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OpenEden introduced the OpenEden TBILL Vault, the first smart contract vault managed by a regulated entity, offering direct access to T-Bills with a high yield and accepting USDC deposits. The vault features instant on-chain settlement, compliance-focused structure, transparency with regular reports, and its underlying assets are held via a bankruptcy-remote special purpose vehicle.
The OpenEden TBILL Vault, a compliant-first RWA protocol, was introduced by OpenEden. This vault, which is the first smart contract vault managed by a regulated entity, offers direct and round-the-clock access to T-Bills and accepts USDC deposits. At the time of the post, the vault's TVL was approximately $11.5 million, and it offered a net estimated yield of about 5.33% on invested assets, which is the highest among all other tokenised T-Bills offerings1.
The OpenEden TBILL Vault is characterized by several key features. It offers instant on-chain settlement, meaning subscription and redemption processes occur instantaneously in a DeFi-like transaction on-chain. The vault provides direct exposure to T-Bills without intermediaries, as the underlying assets of the TBILL Vault are primarily T-Bills purchased directly through a regulated and qualified broker. The TBILL Vault is structured with compliance as a priority, with TBILL tokens issued by a professional fund regulated by the BVI Financial Services Commission. The underlying assets of the TBILL Vault are held via a bankruptcy-remote special purpose vehicle, with fully segregated accounts in qualified custodians which are regulated1.
The vault is also highly transparent. Its smart contract has been formally audited by Verichains, and daily portfolio reports, monthly attestations of the BVI fund’s balance sheet, and monthly NAV report by the Fund Administrator are all uploaded to the portal for investors to view1. For more information, the OpenEden TBILL Vault documentation site can be visited1.
Posted 2 months ago
Last reply 2 months ago
Summary updated 2 months ago
Last updated 05/12 01:13