OpenEden has tapped Bank of New York Mellon to manage and safeguard the U.S. Treasury bills underpinning TBILL, its Moody’s A-rated tokenized Treasury fund. The arrangement gives the blockchain-based vehicle institutional-grade custody and operational support, a step the companies say will make it easier for global investors to hold short-term government debt on-chain. The tie-up comes amid accelerating adoption of real-world asset tokenization. More than $13.7 billion of such assets are now represented on public blockchains, with Treasury bills forming the largest slice, according to DeFiLlama data. The partnership bolsters BNY Mellon’s digital-asset ambitions and highlights growing interest from traditional financial infrastructure providers in round-the-clock, blockchain-settled securities.