Issuer Intelligence Profile · RWA-008
OpenEden TBILL
OpenEden TBILL provides tokenized access to US Treasury Bills through a Singapore-domiciled vault structure. The product targets non-US retail and institutional investors with USDC-denominated subscriptions and redemptions. Assets are custodied with institutional-grade providers including DBS Bank and backed by short-duration US Treasury securities. The token operates across six blockchain networks with daily liquidity and transparent on-chain proof-of-reserves. Minimum investment threshold set at $1,000 USDC with competitive yield pass-through from underlying Treasury assets.
Issuer Identification
Issuer ID: RWA-008 | Legal Issuer: OpenEden Pte Ltd | Parent: OpenEden Holdings (Singapore) | Asset Class: TREASURY | Structure: Vault-Based Token; US Treasury-Backed | Jurisdiction: Singapore | Launch: 2023 | Primary Chain: Ethereum + 5 additional chains (Polygon, Arbitrum, Mantle, Base, BNB Chain) | Investor Access: KYC REQUIRED / NON-US RETAIL | Regulatory: Singapore MAS Regulated Entity | Transparency: MODERATE DISCLOSURE
Issuer Overview
Market Positioning
OpenEden TBILL positions as a multi-chain treasury token competitor, deployed across 6 blockchains including Ethereum, Arbitrum, and Polygon. With approximately $150-200M AUM, OpenEden ranks mid-tier against competitors like Franklin OnChain U.S. Government Money Fund ($410M) and Ondo OUSG ($200M+). The vault-based structure differentiates from direct treasury holdings, using USDC settlement for institutional accessibility. OpenEden targets DeFi protocols seeking yield-bearing collateral and institutional investors requiring regulatory compliance. Key differentiators include Singapore regulatory framework, multi-chain deployment strategy, and vault tokenization model versus direct treasury exposure. Distribution focuses on DeFi integration partnerships and institutional channels, competing directly with Maple Finance and TrueFi in the institutional RWA space.