v0 previewGrades are draft or provisional: produced under Methodology v0.2.1 from public evidence, pending re-verification and issuer right-of-reply. Nothing here is investment advice, and these are not credit ratings.
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OpenEden TBILL Fund

OpenEden · Tokenized T-bill fund · Ethereum · as of 2026-07-11

PILOT COVERAGE (Ring 2). Singapore-linked tokenized T-bill fund with an external S&P fund rating per issuer materials — included alongside BUIDL to show the RWA module differentiates within the 'safe' tier. Verify current rating and terms.

A-
82.7
draftconf medium
Haircut: 9.5%
base 6% (A-) x 1.25 (medium confidence) + 2pp class + 0pp flags
Illustrative — not a margin requirement.
Legal structure & recourse85 · 25%
Regulated fund structure; professional-investor gating. [1]
Underlying asset quality90 · 20%
Short-dated T-bills. [1]
Redemption & exit80 · 20%
Fund-cycle redemption; orderly. [1]
Counterparty & custody78 · 15%
Custody/administration stack disclosed. [1]
Onchain implementation75 · 10%
Standard permissioned wrapper. [1]
Transparency & governance82 · 10%
External rating + attestations posture. [1]
What would change this grade: Rating lapse, custodian change, or redemption-term deterioration.
Live price

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Model signals
Not yet computed

The quantitative signal layer (stress-tested loss distributions, peg/leverage/backing metrics) is in development — see pivot/08_QUANT_ENGINE_SPEC.md. When live, signals are computed continuously by a model; grades are always signed by the analyst. The two are shown separately and never conflated.

Evidence appendix
Legal structure & recourse: [1]
Underlying asset quality: [1]
Redemption & exit: [1]
Counterparty & custody: [1]
Onchain implementation: [1]
Transparency & governance: [1]
As of 2026-07-11 · Methodology v0.2.1