Initially, the program will be available only to professional investors.
Finblox, a well-known cryptocurrency investment platform, now facilitates investment in tokenized US Treasury bills (T-bills), thus expanding its scope as a "crypto superapp" aiming to offer an array of financial services.
This new venture enables Finblox users to channel their Circle's USD Coin (USDC) stablecoin holdings into yield-generating TBILL token rights backed by short-term US government bonds.
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This service is made possible through a partnership with the decentralized finance (DeFi) protocol, OpenEden, announced by the company on June 13th.
Tokenized products have predominantly been accessible to professional investors. Finblox aims to change this, extending its offerings to retail users.
As an intermediary, the firm will invest in OpenEden's TBILL tokens—available exclusively to accredited investors and institutions due to regulatory constraints—and relay the yield to users via Finblox's "T-Bill Token."
Initially, Finblox granted access to professional investors for feedback collection purposes. In the near future, the company plans to widen access to users who have complied with know-your-customer (KYC) checks and provided address verification for regulatory compliance, according to Hoang.
Qin En, a principal at venture capital firm Saison Capital—which has invested in Finblox and OpenEden—views this partnership as a breakthrough.
This collaboration unlocks unprecedented access to a trillion-dollar market, offering users transparency and trust.
Tokenized T-bills have developed into a half-billion-dollar asset class. They represent a convergence of digital assets and traditional financial products known as tokenized real-world assets (RWA).
T-bills essentially serve as a high-yield savings account on the blockchain, allowing investors to earn returns on their excess stablecoins stored in short-term US government bonds. These bonds are widely recognized as a low-risk investment option.
The heightened appeal of T-bills amongst digital investors is a reaction to rising interest rates implemented by central banks to counter inflation.
The partnership between Finblox and OpenEden heralds a new era for retail investors, providing them with the potential for reliable returns in a low-risk environment.
