OpenEden TBILL (TBILL) quarantined stablecoin record
Live tracking temporarily paused
2026-09-30 review: price resolves, but CoinGecko market cap is zero and DefiLlama has no list row; detail supply ends 2026-06-04. A complete multi-chain supply route is unproven, including XRPL and the issuer-listed BNB deployment.
Effective 2026-07-15; review due 2026-10-30; OpenEden deployments accessed 2026-09-30
Answer first
What is OpenEden TBILL (TBILL)?
TBILL is OpenEden's tokenized short-term U.S. Treasury fund, structured as a BVI Registered Professional Fund custodied by BNY Mellon. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-based pricing; institutional mint/redeem through regulated BVI fund structure.
Is TBILL safe?
OpenEden TBILL is not in Pharos's active universe. 2026-09-30 review: price resolves, but CoinGecko market cap is zero and DefiLlama has no list row; detail supply ends 2026-06-04. A complete multi-chain supply route is unproven, including XRPL and the issuer-listed BNB deployment.
Profile
TBILL profile facts
OpenEden TBILL (TBILL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Oct 19, 2026
OpenEden's TBILL is a tokenized BVI professional fund holding short-dated Treasury bills managed by BNY Investment Management under BNY custody. Subscriptions and transfers are whitelisted, and the token drifts above its original dollar as NAV accrues to holders rather than resetting to par. The paperwork is thinner than the institutional nameplates suggest.
AI summary · drafted by claude-opus-5-5 · facts as of Oct 19, 2026
- Collateral
- Short-term U.S. Treasury bills (weighted-average maturity <3 months) managed by BNY Investment Management, custodied by BNY; small USD cash buffer
- Peg mechanism
- NAV-based pricing; institutional mint/redeem through regulated BVI fund structure
- Jurisdiction
- British Virgin Islands / BVI FSC / Registered Professional Fund
- Proof of reserves
- Independent Audit by Protege Fund Services (fund administrator producing the recurring daily and monthly NAV reports); TJ Assurance Partners PAC is the fund's annual auditor with no published report, and the only named controls audit is a one-off Ernst & Young procedures review Reserve source
- Contracts
- 4 deployments tracked across Ethereum, Arbitrum, Solana, and XRP Ledger.
Next actions
This record preserves static and historical context; live actions are available only for active assets.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Oct 19, 2026.
TBILL quick answers
What is OpenEden TBILL (TBILL)?
TBILL is OpenEden's tokenized short-term U.S. Treasury fund, structured as a BVI Registered Professional Fund custodied by BNY Mellon. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-based pricing; institutional mint/redeem through regulated BVI fund structure.
Is TBILL safe?
OpenEden TBILL is not in Pharos's active universe. 2026-09-30 review: price resolves, but CoinGecko market cap is zero and DefiLlama has no list row; detail supply ends 2026-06-04. A complete multi-chain supply route is unproven, including XRPL and the issuer-listed BNB deployment.
What backs TBILL?
Pharos records TBILL's reserves as of Jul 10, 2026 as 99.5% Direct U.S. Treasury bills, 0.4% Dreyfus Institutional Preferred Treasury Obligations Fund, under 0.1% Coinbase USDC and cash equivalents, and 1 smaller holding. Reserve evidence: Independent Audit. Pharos classifies the backing as Real-World Asset Backed.
Can TBILL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. TBILL is outside active monitoring; this static record preserves the reviewed control context.