The OpenEden Treasury Bills TBILL Vault ("TBILL Vault") is a smart contract vault that provides investors with direct exposure to a pool of short-dated U.S. Treasury Bills (“U.S. T-Bills”) and overnight reverse repurchase agreements through the 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 TBILL token token issuer is a registered professional fund (“Fund”) regulated by the British Virgin Islands Financial Services Commission (“Token Issuer”) and the underlying U.S. Treasury Bill assets are managed by a registered fund management company regulated in a tier-1 jurisdiction.
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.