OpenEden Taps BNY to Manage Tokenized US Treasury Assets

BNY To Manage And Safeguard Assets For OpenEden’s Tokenised US Treasury Fund - FinanceFeeds

Singapore-based fintech firm OpenEden said on Wednesday it has appointed BNY as the investment manager and primary custodian for assets backing its tokenised US Treasury fund. Launched in 2023, the fund offers investors exposure to short-dated US Treasury bills and overnight reverse repurchase agreements by issuing blockchain-based “Treasury bill tokens.” It currently has nearly $300 million in assets under management. Doni Shamsuddin, head of A…

BNY to Become Custodian of OpenEden's Tokenized US T-Bills Fund

The oldest bank in the United States will become the primary manager of a fund for digitized treasury bills, spearheaded by a prominent RWA tokenization platform. The entity has already achieved several notable milestones and advancements in the DeFi space, and this latest accomplishment is another testament to their commitment. A Modern Twist to Treasury Bills The corporate brand of The Bank of New York Mellon announced in a press release that …

OpenEden taps BNY to manage tokenized US Treasury assets

OpenEden tapped BNY to manage and safeguard assets for its Moody’s “A”-rated tokenized US Treasury fund, marking another step in the bank’s tokenization strategy.