According to the source, OpenEden CEO Jeremy Ng said the firm is positioning itself as the Shopify of RWA tokenization with a plug-and-play issuance and distribution stack for tokenized real-world assets. source: OpenEden X broadcast, Oct 2, 2025 He stated that TBILL became the first tokenized US Treasury fund rated by Moody’s and is now rated AA+ by S&P, indicating top-tier credit quality of the underlying exposures. source: OpenEden X broadcast, Oct 2, 2025 S&P defines an AA+ rating as a very strong capacity to meet financial commitments, a factor commonly used in institutional risk frameworks and mandates that rely on external ratings. source: S&P Global Ratings, Understanding Ratings For trading desks, track TBILL’s secondary-market liquidity, collateral acceptance across DeFi venues, and yield spreads versus on-chain lending benchmarks, as ratings-based eligibility can influence order flow, pricing, and integration pipelines. source: OpenEden X broadcast, Oct 2, 2025; S&P Global Ratings, Understanding Ratings