• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, October 24, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Business

OpenEden Taps BNY Mellon to Custody Assets for Tokenized US Treasury Product

13 August 2025
in Business, News
Reading Time: 3 mins read
105 4
source:  OpenEden.com

source: OpenEden.com

OpenEden has brought The Bank of New York Mellon Corporation (BNY Mellon) on board to handle custody and asset management for its flagship tokenized US Treasury fund, TBILL, marking a notable intersection of blockchain innovation and traditional finance.

Announced on Wednesday, the collaboration places one of Wall Street’s most established custodians at the core of a fast-expanding market for tokenized Treasurys. TBILL now becomes the first tokenized US Treasury product with a Moody’s “A” credit rating to be managed by a global custodian—signaling low credit risk and strong repayment capacity under conventional finance standards.

A shared commitment to shape the future of financial infrastructure.

OpenEden partners with @BNYglobal to bring regulated, institutional-grade assets on-chain for global investors, marking a milestone for tokenized RWAs. pic.twitter.com/pigm9hipi9

— OpenEden (@OpenEden_X) August 13, 2025


Under the agreement, BNY Mellon’s investment management subsidiary, Dreyfus, will serve as sub-manager of the TBILL fund, while BNY Mellon will act as primary custodian of the underlying short-dated US Treasury Bills and overnight reverse repurchase agreements. The bank will leverage its existing infrastructure for safekeeping, reporting, and fund administration.

Jeremy Ng, co-founder and CEO of OpenEden, said the integration of BNY Mellon’s fiduciary capabilities with OpenEden’s blockchain platform sets “a new benchmark for trust” in the digital asset space. He noted that interest in TBILL has been growing, driven by investors seeking regulated, onchain cash-management products.

Launched in 2023, TBILL allows investors to gain blockchain-based exposure to a portfolio of short-term US Treasury Bills and related yield, represented by the TBILL token. Each token reflects a share of the fund’s underlying portfolio and income.

BNY Mellon’s global head of investments and wealth, Jose Minaya, described the move as part of the bank’s role as a bridge between traditional finance and digital innovation. He added that the partnership aims to support the full lifecycle of tokenized assets while extending the bank’s liquidity management expertise.

BNY Mellon has been steadily deepening its presence in the digital asset sector since 2022, when it rolled out a digital custody platform for institutional Bitcoin and Ether holdings. This year, the bank launched a blockchain data insights service and partnered with Goldman Sachs on a tokenized money market fund initiative, which promises round-the-clock access and near-instant settlement for institutional clients.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: BNY MellonOpenEden
Share64Tweet40Share11
Favour Okosodo

Favour Okosodo

Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.

Related Posts

source: therecord.media
Crime

Radiant Capital Hacker Launders $10.8M ETH Through Tornado Cash One Year After $53M Exploit

23 October 2025
source: wsj.com
Crypto

T. Rowe Price Files for Actively Managed Crypto ETF, Surprising Analysts

23 October 2025
source: linkedin.com
Ethereum

Quantum Solutions Becomes Asia’s Largest Ethereum Treasury Firm

23 October 2025
source: fxleaders.com
AI

Coinbase Launches Payments MCP to Enable AI Agents to Transact On-Chain

23 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto in Latin America: Adoption Booms as Media Visibility Falls, Outset PR Finds

3 days ago

Your Weekend Crypto Roundup | October 2025 (Week 3)

7 days ago

Crypto in Latin America: Adoption Booms as Media Visibility Falls

1 week ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

2 weeks ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

3 weeks ago

What $1 Billion in Liquidations Means for Market Stability

3 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element

    bychainwire
    23 October 2025
    0

    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry

    bychainwire
    23 October 2025
    0

    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards

    bychainwire
    23 October 2025
    0

    Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System

    bychainwire
    22 October 2025
    0

    Ika and Human Tech Reveal Wallet-as-a-Protocol (WaaP): First Zero-Trust Decentralized Wallet Infra

    bychainwire
    22 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00