$175M+
TOTAL VALUE LOCKED
$1B+
Cumulative VOLUME
15+
DEFI INTEGRATIONS
INSTITUTIONAL UNDERLYINGS
What is THBILL
U.S. Treasury yield,
without the friction.
thBILL is a tokenized Treasury product offering onchain exposure to a diversified basket of institutional Treasury strategies. It holds ULTRA, Wellington Management's Treasury fund, issued via Libeara with custody at Standard Chartered, and FILQ, Fidelity International's tokenized USD liquidity fund, sourced through Sygnum with NAV data brought onchain by Chainlink.
Instant Settlement
T+0 settlement vs. T+1 in traditional markets. Capital is never in limbo — mint, redeem, or trade at any hour, any day.
AAA-Rated Underlying
thBILL holds two institutional underlyings from two of the world's largest asset managers: ULTRA from Wellington Management (AAAf/S1+, S&P) and FILQ from Fidelity International (Aaa-mf, Moody's). A diversified basket, not a single fund.
Onchain Composability
Use thBILL as collateral on Morpho, trade yield on Pendle, or access leverage on Hyperliquid — without unwrapping or converting.
Deep Liquidity
Integrated market making from SIG, Flowdesk, and Amber ensures tight spreads and consistent depth across all supported chains.
Multi-Chain Native
Available on Ethereum, Base, Arbitrum, and HyperEVM. Deploy capital wherever your workflow lives.
Institutional custody
Assets held with regulated custodians. Backed by Standard Chartered's Libeara infrastructure — the same rails used by global institutions.
How it WORKS
From USDC to
Treasury Yield.
01
Deposit USDC or USDT
Deposit USDC or USDT into thBILL, which holds a diversified basket of institutional Treasury strategies from Wellington Management and Fidelity International.
02
Receive thBILL Tokens
thBILL tokens are minted to your wallet, representing your proportional share of the ULTRA fund's Treasury holdings.
03
Earn Treasury Yield
Your thBILL appreciates in value as the underlying ULTRA fund accrues U.S. Treasury returns, a yield-bearing token that requires no manual claiming or restaking.
04
Deploy Across DeFi
Use thBILL as collateral, trade on secondary markets, or put it to work in any integrated DeFi protocol — no conversion needed.
BackeD By
Institutional Partners,
From Day One.
Integrations
Built into the
DeFi Ecosystem.
thBILL is natively integrated across the leading DeFi protocols — trade, borrow, lend, and earn without ever leaving your preferred venue.
And
More...