OCB — Quality Rating · Tokenized treasuries
TBILL Quality Rating
TBILL (OpenEden) scores 53/100 on OnChain Benchmark's RWA Quality Rating — rated Limited (methodology v1.6, as of Oct 10, 2026).
Updated daily
Quality score
53
of 100 · Limited
Dimensions measured
4
of 4
Chains
4
with measured supply
Why TBILL scores 53
The biggest gap in TBILL's score is how concentrated its ownership is.
Each dimension's score is multiplied by its weight and summed: 53.10 of a possible 100, rounded to 53.
Composite
53 / 100
| Dimension | Score |
|---|---|
Holder Concentration Ownership is concentrated: the top 10 holders across all four of its chains own 99.8% of the free float. Upgrade factorA wider holder base, with the top 10 owning 95% or less (13 of 25). | 8 / 25 |
Structural Trust Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. The issuer is supervised by BMA (Bermuda). An admin can upgrade the contract without a timelock, controlled by a standard multisig (such as 3-of-5). Upgrade factorCustody verified independently, with public reports. | 17 / 25 |
Redemption Liquidity Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it. Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25). | 17 / 25 |
Disclosure Quality There is no independent way to check the holdings. The latest attestation is 81 days old, with 2 in the last six months. Upgrade factorIndependent confirmation of this token's own holdings, at least monthly. | 9 / 25 |
OCB Instrument
Rating history
Key facts
Issuer, rubric and methodology
- Issuer
- OpenEden
- Asset class
- Tokenized treasuries
- Rubric
- RWA Quality Rating
- Methodology
- v1.6
- Last scored
- Oct 10, 2026
- What it is
- Tokenized U.S. T-bill fund issued by OpenEden, rated Moody's A-bf and S&P AA+f, custodied by BNY.
Chains
Share of measured supply by chain
With measured supply
4
| Chain | Share of measured supply |
|---|---|
| BNB Chain | 85.8% |
| XRP Ledger | 7.1% |
| Ethereum | 7.0% |
| Solana | <0.1% |
| Arbitrum | Inactive — not counted |
Evidence
Verified facts behind the rating
A sample of the verified facts behind TBILL’s score. The full diligence trail is in the terminal.
Facts shown
4
| Dimension | Finding | Verified |
|---|---|---|
| Disclosure Quality | Contract address verified on Chain 56: 0x5b4681F0d7A01B817675F25892D3Ad73572FD1D9 (Chain 56 deployment) Address confirmed active onchain. | Jun 13, 2026 |
| Disclosure Quality | Contract address verified on Arbitrum: 0xF84D28A8D28292842dD73D1c5F99476A80b6666A (Arbitrum deployment) Address confirmed active onchain. | Jun 13, 2026 |
| Disclosure Quality | Contract address verified on Ethereum: 0xdd50C053C096CB04A3e3362E2b622529EC5f2e8a (primary deployment) Address confirmed active onchain. | Jun 13, 2026 |
| Disclosure Quality | Contract address verified on Solana: 4MmJVdwYN8LwvbGeCowYjSx7KoEi6BJWg8XXnW4fDDp6 (Solana deployment) Address confirmed active onchain. | Jun 13, 2026 |
Cite this rating
Reference TBILL’s rating
Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.
OnChain Benchmark (2026). TBILL Quality Rating: 53/100 (Limited), as of Oct 10, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/tbill
OnChain Benchmark (2026) 'TBILL Quality Rating', OnChain Benchmark, Limited, 53/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/tbill (Accessed: Oct 10, 2026).
@misc{ocb_tbill_2026,
author = {{OnChain Benchmark}},
title = {{TBILL Quality Rating}},
year = {2026},
note = {53/100, Limited, methodology v1.6},
url = {https://onchainbenchmark.com/instruments/tbill}
}The interactive terminal shows every verified fact behind TBILL's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.