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XTBTTokenized U.S. Treasuries·OpenTrade·LiveAs of Aug 26, 2026

OpenTrade Flexible Term USDC Vault

Flexible-term USDC vault holding U.S. Treasury bills and Treasury money-market funds, FCA-authorised via Capricorn Fund Managers.

Verified Capital Trust Rating
39/ 100
Limited+46 to Verified Capital (≥85)

Deployments

ETHEthereum· Primary
View on explorer →

0x0f8CbdC544dC1D4Bd1bDafE0039Be07B825aF82A

AVAXAvalanche
View on explorer →

0xad6605F4987031fd2d6d6816bE53Eb7C5b764bf7

OCB — 01·Rating breakdown
Methodology v1.2 · Aug 26, 2026

XTBT across four dimensions

DisclosureLIMITING1 / 25
Liquidity17 / 25
Structure9 / 25
Concentration8 / 25
Gap to Verified Capital (≥85)+46

Signal readings

Disclosure tier
none
Attestations / 180d
0
Outstanding supply
$965.97K
Liquidity / supply
0.000%
Top-10 holder pct
100.0%
Custody verification
described

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$66.28K

XTBT supply over time

XTBT · OpenTrade

Outstanding supply (USD)

XTBT outstanding supply is $66.28K as of Aug 26, 2026. +0.1% over the prior 30 days.

ONCHAIN
BENCHMARK
USD DATE $0.00 $20.00K $40.00K $60.00K $80.00K Jun 26 Jun 26 Jul 26 Jul 26 Jul 26 Aug 26 Aug 26 Aug 26 Aug 26 $66.28K
Source: OCB · XTBT · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
33 readings

XTBT trust rating since coverage began

XTBT · Verified Capital Trust Rating

Composite rating (0–100)

XTBT rating is 39 as of Aug 26, 2026.

ONCHAIN
BENCHMARK
TRUST SCORE 0–100 DATE 0 30 60 90 100 Jul 26 Jul 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 39
Source: OCB Trust Ratings · XTBT · onchainbenchmark.comUpdated daily
OCB — 04·Coverage gaps + diligence

What closes the gap — and who closes it

Redemption Liquidity· 1 finding
redemption path85% confidence
  • ·Direct redemption path available (profile: institutional only).
  • ·Direct path score: 17.0/25.
  • ·No onchain liquidity depth recorded at time of scoring.

Redemption profiles can change without notice; this is re-verified on every scoring cycle.

Score impact: Composite redemption_liquidity score: 17.0/25

Verified Jun 13, 2026· norm_redemption_liquidity row observed 1d ago
Disclosure Quality — issuer disclosure· 2 findings
contract addressEthereum contract95% confidence

Contract address verified on Ethereum: (primary deployment)

Address confirmed active onchain.

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jun 13, 2026· instrument_deployments registry — chain_id 1
contract addressAvalanche contract95% confidence

Contract address verified on Avalanche: (Avalanche deployment)

Address confirmed active onchain.

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jun 13, 2026· instrument_deployments registry — chain_id 43114
Holder Concentration· 1 finding
data gapholder concentration gap90% confidence

gap:concentration

No holder concentration data available at time of scoring run.

This gap is re-checked on every scoring run and will close once verifiable data is available.

Verified Jun 13, 2026
Methodology

XTBT is scored across the same four dimensions as every other rated instrument in its class — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology →
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