The OpenEden Treasury Bills TBILL Vault ("TBILL Vault") is a smart contract vault that provides investors with 24/7 direct exposure to a pool of short-dated U.S. Treasury Bills (“U.S. T-Bills”) and overnight reverse repurchase agreements through the instant minting of the TBILL token. The TBILL token is backed 1:1 by short-dated U.S. T-Bills and a small portion of U.S. Dollar (“USD”).

The token issuer of the TBILL token is a registered professional fund (“Fund”) regulated by the British Virgin Islands Financial Services Commission and is the first tokenised U.S. T-Bills issuer to be awarded an investment-grade bond fund rating by Moody's. The Fund is managed by a Monetary Authority of Singapore Licensed Fund Management Company, wholly owned by OpenEden Group.

TBILL token holders will receive a return on their capital that reflects the returns generated by the underlying U.S. T-Bills portfolio held by the Fund. At any given time, the Fund will hold a portfolio of U.S. T-Bills and USD with designated regulated custodians.

Legal Name: OpenEden Group

Counterparty Type: Tokenized Money Market Product

Entity Type: C Corp

Year Founded: 2022

Restricted Jurisdictions: OFAC Sanctioned Countries

Issuer Jurisdictions: British Virgin Islands (Token Issuer), Singapore (Investment Manager)
Licenses: Professional fund regulated by the British Virgin Islands Financial Services Commission (BVIFSC) for the Token Issuer, regulated fund management company (Capital Markets Service Services License) regulated by the Monetary Authority of Singapore (MAS) for the Investment manager.

Tokenized Asset Ticker: TBILL

Tokenized Asset Name: Treasury Bills Institutional Liquidity Limited (TBILL)

Service Providers: StoneX Financial Limited, BNP Paribas NY, Adam Eve Capital Pte Ltd, LSEG, Protege Fund Services, TJ Assurance Partners PAC, KPMG Services, Harney Westwood & Riegels Singapore LLP, Hacken, Verichains, Elliptic

Blockchain Networks: Ethereum (ETH), Arbitrum (ARB), Ripple Ledger (XRPL), Solana (SOL)
Tokenized Asset Contract Address(es): ETH - 0xdd50C053C096CB04A3e3362E2b622529EC5f2e8a, ARB - 0xF84D28A8D28292842dD73D1c5F99476A80b6666A, XRPL - rJNE2NNz83GJYtWVLwMvchDWEon3huWnFn, SOL -  4MmJVdwYN8LwvbGeCowYjSx7KoEi6BJWg8XXnW4fDDp6

Token Standard: ERC-20 (ETH, ARB), SPL (SOL), IOU Token (XRPL)

Subscription/Redemption (Mint/Redeem) Permissions: Only onboarded eligible investors with whitelisted wallet addresses can subscribe/redeem TBILL tokens.

Liquidity: Instant redemption is supported 24/7 up to a certain amount via atomic on-chain settlement (Ethereum only); larger amounts are placed in a redemption queue for T+1 settlement.

Secondary Market Permissions: Permissioned

Underlying Instruments: short-dated U.S. Treasury Bills, Reverse Repurchase Agreements

Mechanics of Token Value Accrual: Price Appreciation

Integrations: -

Standard Fees: 0.30% p.a. total fund expense ratio

Other Expenses: 5 bps transaction fee

Risk Assessments: Independent audit completed by Ernst & Young (2nd highest rating), investment-grade rating by Moody’s