Which chain has the most TBILL?

The live supply-by-chain figures on this page rank the chains by how much TBILL sits on each. Unusually for an institutionally-rated Treasury fund, most of TBILL's measured supply is not on Ethereum. The split shifts as holders mint, redeem, and bridge, so the current measured figures — read live from onchain data — are the accurate answer.

How is TBILL's supply measured across chains?

As decimals-normalized USD supply per chain, taken from the same authoritative by-chain rollup the fund's instrument page uses. Multiple deployments on one chain are summed into that chain's total, and chains with no measured supply are shown as not measured rather than as zero, so the split reflects real measured supply.

Why does it matter which chains a tokenized fund is on?

Where a fund's supply sits shapes where its redemption, collateral, and liquidity activity concentrate, and how much bridging exposure it carries. A rated fund whose supply concentrates away from Ethereum, as TBILL's does, is telling you where it's actually used — a structural property of the token a single-chain explorer can't reveal.

Is TBILL the same fund on every chain?

Yes — it's issued as the same fund across its chains, and OnChain Benchmark aggregates supply and holder concentration across all of them for a single view. The per-chain split shows how that one fund's supply is distributed, while its rating and concentration are measured across all chains together.

OCB Reference/Market

What chains is TBILL on, and how much sits on each?

OpenEden's rated tokenized US T-bill fund isn't where you'd expect it to be. Here is TBILL's supply by chain, measured live — and why the spread is worth knowing.

OnChain Benchmark · Reference · figures update live

The short answer

TBILL — OpenEden's BVI-regulated tokenized US Treasury-bill fund, rated by both Moody's and S&P — is issued as the same fund across several blockchains, and its supply is spread unevenly among them. The surprising part is where most of it sits: not on Ethereum, but on a different chain entirely. The live breakdown below shows how much of TBILL's measured supply is on each chain, read from current onchain data and aggregated across every deployment — a cross-chain view no single-chain explorer can give you.

A tokenized fund isn't pinned to one chain the way a traditional fund is pinned to one registrar. TBILL is issued as the same fund across multiple blockchains, and the amount on each moves as holders mint, redeem, and bridge. So "what chains is TBILL on" is really two questions: which chains, and — the more useful one — how much on each.

How is TBILL's supply split across chains?

Here is TBILL's measured supply by chain, read live. Each figure is decimals-normalized USD supply from the same onchain measurement the fund's instrument page uses — so this split reconciles with the published fund figures rather than a separate estimate:

TBILL supply by chainLive

BNB Chain$201.93M81.8%

XRP Ledger$23.25M9.4%

Ethereum$21.38M8.7%

Solana$196.69K0.1%

Arbitrum$12.72K0.0%

Measured supply by chain · read live

Why is a rated Treasury fund mostly off Ethereum?

It's natural to assume an institutionally-rated Treasury product would carry most of its supply on Ethereum. TBILL shows why the assumption is worth checking against onchain data rather than taking on faith: its holders have concentrated the fund on the chain where their activity actually lives. The chain carrying the most TBILL is where its redemption and collateral activity concentrate, and where its onchain liquidity is deepest — a structural fact about the token that a per-chain explorer, looking at one deployment, will never show you.

How does this relate to TBILL's rating?

The cross-chain distribution feeds the holder-concentration and supply picture that goes into TBILL's quality rating. Concentration and supply are measured across all chains together, so the aggregate rating already accounts for the full multi-chain footprint; the per-chain split here is the "where" that sits underneath those numbers. For the wider view of which chains hold the most tokenized RWA overall, see which blockchain has the most tokenized RWA.

Questions & answers

What chains is TBILL on?: TBILL — OpenEden's BVI-regulated tokenized US Treasury-bill fund, rated by Moody's and S&P — is issued as the same fund across several blockchains, with its supply spread unevenly among them. The live per-chain breakdown on this page shows how much of TBILL's measured supply sits on each chain, aggregated across every deployment and read from current onchain data.
Which chain has the most TBILL?: The live supply-by-chain figures on this page rank the chains by how much TBILL sits on each. Unusually for an institutionally-rated Treasury fund, most of TBILL's measured supply is not on Ethereum. The split shifts as holders mint, redeem, and bridge, so the current measured figures — read live from onchain data — are the accurate answer.
How is TBILL's supply measured across chains?: As decimals-normalized USD supply per chain, taken from the same authoritative by-chain rollup the fund's instrument page uses. Multiple deployments on one chain are summed into that chain's total, and chains with no measured supply are shown as not measured rather than as zero, so the split reflects real measured supply.
Why does it matter which chains a tokenized fund is on?: Where a fund's supply sits shapes where its redemption, collateral, and liquidity activity concentrate, and how much bridging exposure it carries. A rated fund whose supply concentrates away from Ethereum, as TBILL's does, is telling you where it's actually used — a structural property of the token a single-chain explorer can't reveal.
Is TBILL the same fund on every chain?: Yes — it's issued as the same fund across its chains, and OnChain Benchmark aggregates supply and holder concentration across all of them for a single view. The per-chain split shows how that one fund's supply is distributed, while its rating and concentration are measured across all chains together.

Last reviewed Sep 9, 2026 · figures read live