Adapt3r Digital, a crypto-native asset manager, has launched its flagship product, the Adapt3r Short-Term U.S. Treasury Bill Fund, on the AAVE Community. This fund provides on-chain stablecoin holders with direct access to US Treasury Bill yield. Investors can deposit USDC into a smart contract vault and in return, receive tfBILL tokens. These tokens represent Limited Partner interest in a fund that exclusively holds treasury bills. The vault, which was deployed in September 2023, currently accepts USDC deposits from KYC’d non-US investors. As of now, the TVL of the vault stands at approximately $8,528,342.11, with an estimated yield of around 5.32%¹.

The tfBILL was developed as a response to concerns from DAOs and on-chain investors about the complexity and compliance issues of existing treasury bill offerings. The aim of tfBILL is to offer a solution that is simple, transparent, and secure. It is compliance-focused, accepting only qualified non-US investors, and is directly backed by treasury bills purchased through a regulated broker-dealer in the United States. For transparency, Adapt3r Digital provides daily Net Asset Value attestations, and the fund is audited annually by Wolf & Co. The tfBILL can be minted on-chain through Archblock’s interface, using TrueFi’s smart contract architecture¹.

Adapt3r Digital leverages TrueFi’s proven smart contracts, which have facilitated nearly $2 billion in lending volume so far, to offer a new tokenized asset without compromising on the smart contract level. This also provides enhanced protections and controls by separating the front-end, blockchain, and d’App from the manager of the product itself¹. This innovative approach to treasury bill offerings represents a significant step forward in the integration of traditional finance and blockchain technology.