We're excited to announce that thBILL is now live— our institutional-grade tokenized money market fund built in collaboration with Standard Chartered's Libeara, Wellington Management, and FundBridge Capital.

The Product

thBILL provides exposure to institutional-grade short duration U.S. treasury bills through regulated issuers. At launch, thBILL comprises of Wellington Management’s ULTRA fund, a managed money market fund that holds short-duration US treasuries. ULTRA is operated in collaboration with Standard Chartered’s Libeara and FundBridge Capital.

The product addresses core limitations that have prevented tokenized Treasury products from achieving meaningful adoption:

• Liquidity provision through integrated market making across multiple venues

• Multi-chain accessibility on Ethereum, Base, Arbitrum and HyperEVM

• Onchain composability via full integration with lending protocols and derivative markets

• Streamlined access with features like optimistic minting
  
  
  

What This Enables

For Individual Investors: Access to institutional Treasury strategies with full onchain composability. Use thBILL as collateral, earn additional yield through lending protocols, or access leverage while maintaining Treasury exposure.

For Institutions: Seamless onchain Treasury exposure without managing operational complexity across multiple platforms.

For the Ecosystem: A yield-bearing foundation optimized for consistent performance, designed to serve as infrastructure for more complex financial products.

Moving Forward

thBILL is the first showcase of Theo's tokenization platform. The infrastructure we’ve developed will power every tokenized asset we launch, each with comprehensive ecosystem support from day one.

Stay tuned for more thBILL integrations across additional venues.

About Theo

Theo is an institutional-grade gateway connecting onchain capital to global markets. Built by ex-traders from industry-leading market makers and hedge funds, Theo prioritizes security, resiliency, and performance. Learn more at theo.xyz.