---
title: "OpenEden TBILL (TBILL) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/tbill-openeden/"
description: "Build-time stablecoin profile for OpenEden TBILL (TBILL). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# OpenEden TBILL (TBILL)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

A tokenized BVI Treasury fund managed by BNY Investment Management, KYC-gated and trading at NAV above $1 with zero secondary liquidity. OpenEden's TBILL holds short-dated {{term:treasury}}Treasury{{/term}} bills as a tokenized {{term:money-market-fund}}money-market fund{{/term}} with institutional-top {{term:custody}}custody{{/term}}, and its price drifts steadily above its original dollar as accumulated NAV appreciation accrues to holders rather than resetting to par. The B- report card and the spotless depeg record are the signature of a KYC-gated {{term:rwa}}RWA{{/term}} fund structure that functions as intended: professional investors collect on-chain Treasury yield, and everyone else can look but not touch. That same gating is what drags the grade down — pristine A+ resilience and dependency scores sit next to a D for liquidity and decentralization, because a token with no DEX pools and no permissionless mint is safe by construction but useless to anyone who isn't on the subscriber list. The complete absence of secondary market liquidity is a feature, not a bug — TBILL redeems through the issuer at NAV with multi-day settlement under EY {{term:attestation}}attestation{{/term}}-backed reporting, which matches the structure of a regulated BVI fund.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| British Virgin Islands | BVI FSC | Registered Professional Fund |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xdd50c053c096cb04a3e3362e2b622529ec5f2e8a` | 6 |
| arbitrum | `0xf84d28a8d28292842dd73d1c5f99476a80b6666a` | 6 |
| solana | `4MmJVdwYN8LwvbGeCowYjSx7KoEi6BJWg8XXnW4fDDp6` | 6 |
| xrpl | `TBL.rJNE2NNz83GJYtWVLwMvchDWEon3huWnFn` | 0 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/tbill-openeden.