Finblox, a crypto investment platform, has announced that investors on the platform can now invest Circle’s USDC stablecoin in OpenEden’s yield-generating TBILL token rights, which are backed by short-term U.S. government bonds. Tokenized U.S. Treasury bills (T-bills) have grown to a $500 million asset class, providing a blockchain-based version of a high-yield savings account. As central banks jacked up interest rates to combat inflation, rising T-bill yields have captivated digital investors. Investment banking giant Franklin Templeton and DeFi platforms such as Ondo Finance, Maple Finance, and OpenEden have stepped up to cater to the demand. Finblox plans to offer a way for retail users to invest in tokenized T-bills, too.
The firm acts as an intermediary and invests in OpenEden’s TBILL tokens, which are accessible only to accredited investors and institutions because of regulations. It will pass on the yield to users through Finblox’s own T-Bill Token, CEO Peter Hoang said. Finblox will take a cut of as much as 1 percentage point from OpenEden’s estimated annual yield, now at around 5.2%. The platform opened access first for professional investors to collect feedback, and will soon expand to users who have performed know-your-customer (KYC) checks and provided proof of address for compliance reasons.
This collaboration unlocks unprecedented access to a trillion-dollar market, offering users transparency and trust, said Qin En, principal at Saison Capital. Beyond portfolio diversification, it offers the potential for more reliable and safer yields.