BNY to Manage and Secure OpenEden’s Tokenized US Treasury Fund Assets

Singapore-based fintech firm OpenEden has selected BNY Mellon as the investment manager and primary custodian for the assets backing its tokenized US Treasury fund. Launched in 2023, this fund offers investors exposure to short-term US Treasury bills and overnight reverse repurchase agreements by issuing blockchain-based ‘Treasury bill tokens’. It currently holds nearly $300 million in assets under management.