Traditional finance and blockchain continue to converge and OpenEden’s latest milestone shows just how far the two worlds have come together.

S&P Global Ratings has awarded OpenEden’s BNY-managed TBILL Fund an “AA+f” fund credit quality rating (FCQR) and an “S1+” fund volatility rating (FVR), both representing S&P’s highest ratings for credit quality and stability.

The recognition places OpenEden’s TBILL Fund among the most institutionally trusted products in the tokenized Treasury market, reaffirming its ability to deliver regulated, yield-bearing exposure to U.S. Treasuries through blockchain infrastructure.

Rated by Two of the World’s Leading Agencies

The new rating follows the TBILL Fund’s earlier “A” rating from Moody’s, making it the tokenized U.S. Treasuries fund to be rated by both S&P Global and Moody’s, two of the world’s leading credit agencies.

S&P’s “AA+f” rating highlights the fund’s very strong capacity to meet its obligations and the high credit quality of its underlying short-dated U.S. Treasury securities. Its “S1+” volatility rating—the highest on S&P’s scale—reflects extremely low sensitivity to market and interest rate movements.

Together, these ratings establish the TBILL Fund as one of the most stable, transparent, and institutionally recognised instruments for tokenized fixed income exposure.

Institutional Foundations with BNY

In August 2025, OpenEden strengthened the TBILL Fund’s institutional confidence through a collaboration with The Bank of New York Mellon (BNY), the world’s largest custodian bank, with $52 trillion in assets under custody.

Under this partnership, BNY holds the TBILL Fund’s underlying assets in custody, while BNY Mellon Investment Management (BNY IM), a top-ten g

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Author: News Desk