As more crypto investors look toward real assets to drive returns on their investments, tokenized versions of short-term U.S. government bonds have seen increasing interest from crypto investors.
Finblox, the crypto investment platform, has joined other firms offering tokenized U.S. Treasury Bills (T-bills) on stablecoin holdings to investors as it seeks to become a “crypto superapp”, providing comprehensive financial services.
Investors on Circle’s platform can now use its USDC stablecoin to invest in OpenEden’s DeFi protocol TBILL token rights, which offer yield-generating returns backed by short-term U.S. government bonds, according to an announcement from Tuesday by the company.
Tokenized T-bills, commonly referred to as tokenized real-world assets (RWA), have seen remarkable growth since their debut. Investors use these digital versions of high yield savings accounts by placing excess stablecoins in short-term U.S. government bonds considered one of the safest investments and reaping returns as they do so.
Finblox, a crypto investment platform, has joined a select few firms offering investors returns from tokenized U.S. Treasury bills (T-bills). Finblox intends to become an all-encompassing crypto superapp by offering such returns alongside various financial services.
Investors on Circle’s platform can now invest its USDC stablecoin into OpenEden’s decentralized finance (DeFi) protocol’s yield-generating TBILL token rights backed by short-term U.S. government bonds, the company announced Tuesday.
Tokenized T-bills have quickly grown into a $500 million asset class at the intersection of digital assets and traditional finance products, also known as tokenized real-world assets (RWA). RWA acts like a blockchain-based savings account that enables investors to park excess stablecoins in short-term U.S. government bonds regarded as safe investments while earning a return.

As central banks increased interest rates to combat inflation, rising T-bill yields have attracted digital investors who were disappointed with lending-based yield offerings after Terra, Celsius, and BlockFi’s dramatic collapses last year.
Finblox caused widespread outrage last June when it limited user withdrawals after Three Arrows Capital collapsed, as both borrower and yield provider to its platform. Crypto news site DL News reported last month that many customers complained of having their deposits converted to FBX tokens to cover losses on Three Arrows’ part. CEO Peter responded in an email sent to CoinDesk that risks of lending had been clearly explained to users, while yield from lending has since been discontinued; “we have learned our lessons” according to him; new products would provide users a safer means of yield with crypto assets than before he wrote.