The global credit rating agency, Moody’s Ratings, has awarded an “A” rating to Hill Lights International Limited — the regulated mutual fund that issues OpenEden’s tokenized US T-bill (“TBILL”).
The rating places OpenEden’s TBILL tokens within the “investment-grade” quality category.
According to Moody’s Ratings and Symbols Definitions:
“Money Market Funds and Bond Funds rated A … are judged to possess many favorable investment attributes and are considered as upper-medium-grade investment vehicles”.
Moody’s noted that the credit quality of the underlying assets (principally US T-Bills and reverse repurchase agreements collateralised by US Treasuries) backing our TBILL tokens, to be in line with an Aaa rating.
An Industry First for Tokenized T-Bills
This makes OpenEden’s flagship offering the first tokenized US T-Bill product globally to receive a Moody’s Bond Fund rating.
Receiving an ‘A’ rating from Moody’s is a significant milestone for the Real World Tokenisation (“RWA”) vertical, and a vote of confidence in our tokenized T-Bill platform.
This rating demonstrates that our robust risk management practices, regulatory compliance, and commitment to transparency meet the highest standards recognized by traditional financial institutions.
It validates our dedication to building a reliable primitive for the DeFi ecosystem to access tokenized US Treasury Bills as a source of on-chain yields.
Yields from on-chain assets and DeFi protocols can come from a blend of different sources, like options strategies, staking, and more. Our TBILL token offers a trusted way for DeFi apps to access the risk-free rate.
Growing Network of Partners to Expand TBILL Utility
T-Bills have largely been held as an alternative to cash. But tokenization enables greater utility beyond just holding them in your wallet. The composable and programmable nature of ERC-20 tokens opens up a variety of use cases across different DeFi platforms and protocols.
We’ve partnered with Hidden Road Partners and Standard Chartered’s Zodia Custody to allow institutional asset owners to utilise their TBILL tokens as eligible collateral for financing.
Access to our TBILL tokens is also key to gaining adoption among institutions.
That’s why OpenEden has also partnered with BitGo, HexTrust, and SCB-backed Rakkar Digital to offer seamless access to our TBILL tokens for financial institutions such as hedge funds, buy-side asset managers, and corporate treasuries.
We’re partnering with payment companies, DeFi protocols, crypto wallets, and other Web3 apps to give users across different blockchains access to T-Bill yields.
We’re also working to increase access to TBILLs across more platforms and protocols. Reach out to us if you’re interested in working with us!
Bringing On-chain Yields to Payments
Yields are what attract investors to acquire and hold crypto. But payments keep people using crypto to facilitate a greater share of economic activities.
Payments remain one of crypto’s most convincing “killer apps” to date, as evidenced by the rapidly growing adoption of stablecoins.
However, despite the billions of dollars stablecoin issuers generate in annual revenues, the largest players have yet to share those yields with stablecoin users.
We believe introducing easy access to reliable, yield-bearing payment tokens is key to onboarding the next billion users into crypto.
That’s why we’re raising a fresh round of funding to explore the introduction of on-chain yields into more payment-focused use cases.
More on this to come in the following months! Follow us on X to stay updated.
About OpenEden
OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in Bermuda and the BVI, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is tokenizing global finance with a core focus on compliance and innovation. To learn more, visit www.openeden.com.
NOTE: The content is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the US and the District of Columbia), nor in such jurisdictions where such announcement would require registration and/or approval with any relevant governmental or regulatory authorities (“restricted jurisdictions”). The content is not an offer of financial products or digital assets for sale in the US or such other restricted jurisdictions. The digital assets referred to herein have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended and may not be offered or sold in the US or such other restricted jurisdictions, except pursuant to an applicable exemption from registration. No public offering of the digital assets is being made in the US or restricted jurisdictions. For full details on the applicable T&Cs, please refer to https://docs.openeden.com/
