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Finblox brings Tokenized US Treasurys to Southeast Asia through Partnership with OpenEden

Singapore-based startup Finblox has partnered with OpenEden to bring tokenised US Treasuries to emerging markets in Southeast Asia. The partnership aims to offer a safer and less risky way for the unbanked population in the Philippines, Indonesia, India and Vietnam to earn sustainable yields. T

he Treasury bill vault will be integrated with Chainlink to provide on-chain evidence that its tokens are backed by actual assets. However, holding tokenised T-bills still comes with risks, including government default and smart contract risks. Finblox requires customers to complete two levels of regulation before being eligible to purchase Treasuries.

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