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BNY Mellon to Custody OpenEden’s Tokenized US Treasury Bills Fund
BNY Mellon to Custody OpenEden’s Tokenized US Treasury Bills Fund
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BTCCSquare news:
OpenEden has appointed BNY Mellon affiliates as investment manager and custodian for its tokenized US Treasury Bills ($TBILL) Fund, marking a significant step in institutional adoption of blockchain-based financial products. The fund, rated 'A' by Moody’s, offers global investors regulated exposure to short-dated US T-Bills through the TBILL token.
BNY Investments Dreyfus, a leader in liquidity management, will oversee the fund, leveraging its decades of expertise. The partnership underscores the growing demand for on-chain cash management solutions and the convergence of traditional finance with digital asset infrastructure.
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