OpenEden Partners with BNY Mellon to Manage Tokenized US Treasury Assets

According to Jinse Finance, RWA platform OpenEden has entered into a partnership with The Bank of New York Mellon Corporation (BNY Mellon), under which BNY Mellon will provide asset management and custody services for OpenEden’s flagship tokenized US Treasury product, TBILL. OpenEden announced the collaboration on Wednesday, bringing one of Wall Street’s largest and most established custodians into the rapidly growing tokenized Treasury market. OpenEden stated that TBILL is the first tokenized US Treasury fund to receive an “A” rating from Moody’s and to have its assets managed by a global custodian.