Tokenisation platform OpenEden has announced BNY as investment manager and primary custodian for the underlying assets of $TBILL, its flagship tokenised US treasury bills fund. The partnership aims to facilitate “regulated and institutional-grade assets on chain for global investors”, the firm claims in a press release.
$TBILL was launched in 2023 to offer investors direct exposure to short-dated US treasury bills and overnight reverse repurchase agreement. This was achieved by minting the TBILL token. BNY Investments Dreyfus will be acting as sub-manager for the $TBILL fund.
Jose Minaya, global head of BNY Investments and Wealth, stated that the bank wants to serve as “a trusted bridge between traditional finance and emerging technology for clients” and “support the end-to-end lifecycle of tokenised assets”.
