TBILL vs USTB
OpenEden TBILL and Invesco Short Duration US Government Securities Fund are both treasuries tokens, so this page compares them. TBILL is with no named issuer with no published chain list. USTB is issued by Invesco Advisers, Inc. on Ethereum, Solana, Plume. The cited pages differ on issuer, custodian, fees, redemption, chains. A dash is a field the issuer page does not state. The reverse URL redirects to this alphabetical pair.
All RWA tokens · OpenEden TBILL · Invesco Short Duration US Government Securities Fund
| Field | OpenEden TBILL | Invesco Short Duration US Government Securities Fund |
|---|---|---|
| Ticker | TBILL | USTB |
| Asset class | Treasuries | Treasuries |
| Issuer | — | Invesco Advisers, Inc. |
| Issuer jurisdiction | — | United States |
| Regulator | The token issuer is a professional fund established under the British Virgin Islands Securities and Investment Business Act 2010 and regulated by the BVI Financial Services Commission. The introduction does not publish the fund's legal name. The investment manager, BNY Investments, is regulated by the Monetary Authority of Singapore. | Offered to accredited investors and qualified purchasers. The fund is a series of a Delaware statutory trust. CUSIP 86851T204. Superstate Services LLC is the transfer agent. |
| Token type | TBILL is backed 1:1 by short-dated U.S. Treasury bills and a small portion of U.S. dollars. The introduction says the portfolio's weighted-average maturity is under three months. BNY Mellon Investment Management Singapore Pte. Limited is the investment manager. The fund is rated AA+f/S1+ by S&P Global Ratings and was assigned an A-bf bond-fund rating by Moody's. River Labs Pte Ltd provides the vault technology and is described as unregulated. | Ownership is represented by the USTB token or by book-entry shares. The fund gives access to short-duration U.S. Treasury bills. Its stated objective is current income consistent with liquidity and stability of principal. Interest accrues in real time on subscription. |
| Custodian | BNY, custodian of the underlying U.S. Treasury bills. | The Bank of New York Mellon |
| Auditor | TJ Assurance Partners PAC is named as fund auditor and Ernst & Young as independent auditor. Protege Fund Services is named as fund administrator. | PricewaterhouseCoopers LLP |
| Chains | — | Ethereum, Solana, Plume |
| Fees | — | Management fee at most 0.15%, as displayed on the Superstate fund page. |
| Redemption | Investors subscribe by depositing USDC and redeem TBILL for USDC from the vault. Holders self-custody the tokens. Whitelisted wallets may transfer to other whitelisted wallets under the private placement memorandum. The introduction says on-chain subscription settles instantly and does not state a redemption timetable. | Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens. |
| Minimum unit | — | — |
| Launched | — | — |
| Website | https://openeden.com/ | https://superstate.com/assets/ustb |
| CoinGecko id | — | — |
| Market cap | — | — |
| Supply | — | — |
How to buy TBILL
The cited catalog does not include an official how-to-buy path for OpenEden TBILL.
Who can and cannot hold TBILL
The issuer does not publish a jurisdiction for OpenEden TBILL.
Regulator, as published: The token issuer is a professional fund established under the British Virgin Islands Securities and Investment Business Act 2010 and regulated by the BVI Financial Services Commission. The introduction does not publish the fund's legal name. The investment manager, BNY Investments, is regulated by the Monetary Authority of Singapore.
The cited catalog does not include a restricted-holder statement for OpenEden TBILL.
What redemption actually means in practice for TBILL
Redemption, as published: Investors subscribe by depositing USDC and redeem TBILL for USDC from the vault. Holders self-custody the tokens. Whitelisted wallets may transfer to other whitelisted wallets under the private placement memorandum. The introduction says on-chain subscription settles instantly and does not state a redemption timetable.
The issuer does not publish a minimum size for OpenEden TBILL.
The issuer does not publish an issuer fee for OpenEden TBILL.
How to buy USTB
The cited catalog does not include an official how-to-buy path for Invesco Short Duration US Government Securities Fund.
Who can and cannot hold USTB
Invesco Short Duration US Government Securities Fund is issued from United States.
Regulator, as published: Offered to accredited investors and qualified purchasers. The fund is a series of a Delaware statutory trust. CUSIP 86851T204. Superstate Services LLC is the transfer agent.
The cited catalog does not include a restricted-holder statement for Invesco Short Duration US Government Securities Fund.
What redemption actually means in practice for USTB
Redemption, as published: Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens.
The issuer does not publish a minimum size for Invesco Short Duration US Government Securities Fund.
Fees, as published: Management fee at most 0.15%, as displayed on the Superstate fund page.
OpenEden TBILL sources
Invesco Short Duration US Government Securities Fund sources
Questions
Yes. Both are treasuries. RWA Leads does not publish a comparison across asset classes.
OpenEden TBILL: the cited pages do not name an issuer. Invesco Short Duration US Government Securities Fund: Invesco Advisers, Inc..
TBILL fees: not stated. USTB fees: Management fee at most 0.15%, as displayed on the Superstate fund page.. TBILL redemption: Investors subscribe by depositing USDC and redeem TBILL for USDC from the vault. Holders self-custody the tokens. Whitelisted wallets may transfer to other whitelisted wallets under the private placement memorandum. The introduction says on-chain subscription settles instantly and does not state a redemption timetable.. USTB redemption: Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens..
The slugs in alphabetical order: /compare/tbill-vs-ustb. The other order is a permanent redirect.
OpenEden TBILL: The cited catalog does not include an official how-to-buy path for OpenEden TBILL. Invesco Short Duration US Government Securities Fund: The cited catalog does not include an official how-to-buy path for Invesco Short Duration US Government Securities Fund.
The issuer does not publish a jurisdiction for OpenEden TBILL. Regulator, as published: The token issuer is a professional fund established under the British Virgin Islands Securities and Investment Business Act 2010 and regulated by the BVI Financial Services Commission. The introduction does not publish the fund's legal name. The investment manager, BNY Investments, is regulated by the Monetary Authority of Singapore. The cited catalog does not include a restricted-holder statement for OpenEden TBILL. Invesco Short Duration US Government Securities Fund is issued from United States. Regulator, as published: Offered to accredited investors and qualified purchasers. The fund is a series of a Delaware statutory trust. CUSIP 86851T204. Superstate Services LLC is the transfer agent. The cited catalog does not include a restricted-holder statement for Invesco Short Duration US Government Securities Fund.
OpenEden TBILL: Redemption, as published: Investors subscribe by depositing USDC and redeem TBILL for USDC from the vault. Holders self-custody the tokens. Whitelisted wallets may transfer to other whitelisted wallets under the private placement memorandum. The introduction says on-chain subscription settles instantly and does not state a redemption timetable. The issuer does not publish a minimum size for OpenEden TBILL. The issuer does not publish an issuer fee for OpenEden TBILL. Invesco Short Duration US Government Securities Fund: Redemption, as published: Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens. The issuer does not publish a minimum size for Invesco Short Duration US Government Securities Fund. Fees, as published: Management fee at most 0.15%, as displayed on the Superstate fund page.