OpenEden's TBILL Fund Receives "AA+" Rating from S&P Global

ChainCatcher news, according to The Block, the TBILL fund managed by New York Bank under OpenEden has been awarded an “AA+f” fund credit quality rating and an “S1+” fund volatility rating by S&P Global Ratings, which are the highest ratings under S&P’s credit quality and stability system.

This latest recognition builds upon the TBILL fund’s previous “A” rating from Moody’s, making it the first tokenized US Treasury fund to receive dual ratings from the world’s two major credit rating agencies. This milestone not only enhances confidence in OpenEden’s product design, but also highlights the growing legitimacy of tokenized real-world assets (RWA) in the institutional finance sector.