Theo Short Duration US Treasury Fund

Theo Short Duration US Treasury Fund, represented by the token THBILL, is a tokenized fund that gives holders onchain exposure to short-duration US Treasury bills, the low-risk debt instruments issued by the US government. It is built for participants who want to access a traditional financial product through blockchain infrastructure without leaving the onchain environment. The platform describes its target audience as institutional-grade users who want that exposure alongside deep liquidity, cross-chain functionality, and compatibility with decentralized finance applications.

THBILL is a token issued on multiple blockchain networks, including Ethereum, Arbitrum, Base, and HyperEVM, representing a claim on an underlying portfolio of short-duration US Treasury bills managed by Theo's tokenization platform. There is no recorded consensus algorithm or block time associated with the token itself, meaning THBILL is not a layer-one network but rather a token that settles on the host chains it is deployed across. The token is designed to be composable with DeFi protocols from the outset, so it can be used as collateral or transferred across supported chains rather than simply sitting idle.

The data provided does not include a fee rate, fee recipient, or protocol revenue stream for THBILL, so no fee-based performance measures can be calculated from the figures on this page. What is known is that the circulating supply of 115,843,689.787306 tokens equals the fully diluted supply, meaning the fdv-to-mcap ratio is 1.0 at this point in time and there is no dilution overhang. The price of 1.017 USD per token reflects the nature of a Treasury-backed instrument that tracks closely to its par value, and 24-hour turnover stands at 0.000032 of market capitalization, indicating very limited secondary market trading volume relative to the fund's total size over that period. The 30-day average turnover ratio of 0.031562 provides a slightly longer view of how actively the token changes hands relative to its roughly 117.8 million USD market capitalization.