Tokenized Treasury Bills
US government debt. On-chain. Yielding real returns. Accessible to any wallet.
What Is a Treasury Bill?
A US Treasury bill is a short-term debt instrument issued by the US government. When you buy one, you are lending money to the US government for a period (typically 4 weeks to 52 weeks) and receiving interest in return.
Treasury bills are considered the safest investment in the world because they are backed by the full faith and credit of the US government.
Why Tokenize Them?
Traditional Treasury bills have friction:
- You need a US brokerage account
- Minimum purchase amounts
- Settlement delays
- No access for non-US residents in many cases
Tokenized T-bills remove all of that. Any wallet, anywhere in the world, can hold a token that represents ownership of a US Treasury bill — earning the yield, with instant settlement.
The Issuers on Terminal One
Ondo Finance (USDY) — A tokenized note backed by US Treasuries and bank deposits. Yields the short-term Treasury rate minus fees. Available on Ethereum.
Franklin Templeton (BENJI) — The Franklin OnChain US Government Money Fund. One of the first regulated money market funds on a public blockchain.
OpenEden (TBILL) — Tokenized T-bills with daily yield accrual. Redeemable for USDC.
Superstate — Tokenized US government securities for institutional and accredited investors.
The Yield
As of early 2026, tokenized Treasury bills yield approximately 4-5% APY — significantly higher than most savings accounts and with lower risk than almost any other on-chain asset.
How to Buy on Terminal One
- Connect your wallet at t1.pro
- Navigate to Markets → Treasury Bills
- Select the asset (USDY, BENJI, etc.)
- Enter the amount you want to buy
- Confirm the swap — done in seconds