OpenEden
IssuanceActive· APAC

OpenEden

S&P rated them before most protocols had an audit. Now moving beyond T-bills into actively managed corporate credit with BNY as investment manager. The credentialing is still the real product.

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Brief

Bermuda-regulated tokenization issuer. TBILL fund holds world's first Moody's investment-grade ('A') rating for a tokenized US Treasury fund. BNY Mellon as investment manager and custodian. Aave Horizon launch partner. Launched HYBOND April 2026 (tokenized BNY Investments Global Short-Dated High Yield Bond strategy).

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries, Private credit
Token standards
erc-20, eip-4626
Regulatory
singapore-mas
Jurisdiction
APAC
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Connections

Who they build with, build on, integrate with.

Flow

Capital, products, and distribution moving outward.

Dependency

Where this player builds on, integrates, or relies on others.