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Theo Short Duration US Treasury Fund

THBILL Rank #264
$1.01▼ 0.03%24h
Low $1.01High $1.01

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Market cap$117.19MRank #264
Fully diluted value$117.19M
Volume (24h)$1.1KVol / Mcap 0.00%
Circulating supply115.84MTHBILL
Total supply115.84M
Max supply∞no hard cap
All-time high$1.11Oct 10, 2025
All-time low$0.9066Oct 10, 2025

What is Theo Short Duration US Treasury Fund?

Underlying assets

Theo presents thBILL as a tokenized Treasury product. Its current basket includes Wellington Management's ULTRA strategy and Fidelity International's FILQ tokenized liquidity fund. Libeara provides the tokenization infrastructure for the ULTRA exposure. Standard Chartered supplies custody within that underlying structure. FILQ exposure is sourced through Sygnum. Chainlink brings its net asset value data onchain. The token's backing therefore involves managed fund positions rather than a single Treasury bill.

Token mechanics

The product accepts USDC or USDT through its supported deposit flow. Users receive thBILL tokens representing their investment exposure. Returns accrue through the token's value rather than a separate reward-claim process. The token is available across Ethereum, Base, Arbitrum and HyperEVM. Theo also integrates the position with lending, trading and yield applications. Secondary-market trading provides a route to transfer or sell the position. Theo's platform can require identity, source-of-funds and compliance checks. Access is subject to jurisdiction and product conditions. thBILL is an investment exposure rather than a fixed-value payment token or a governance allocation.

Where to trade THBILL

5 exchanges · top 10

All 5 markets
#ExchangePairsVolume (24h)
1Uniswap V3 (Arbitrum One)Spot DEXTHBILL / USDC$988.34Trade ↗
2Uniswap V3 (Ethereum)Spot DEXTHBILL / USDC$114.07Trade ↗
3Upheaval FinanceExchangeUSDT0 / THBILL$7.37Trade ↗
4Uniswap V4 (Arbitrum)Spot DEXTHBILL / USDC$1.18Trade ↗
5UltraSolid V3ExchangeUSDT0 / THBILL$1.17Trade ↗
Live spot quotes from connected exchanges
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THBILL funding rates

Live perpetual funding on every connected exchange. Positive = longs pay shorts.

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Contracts & chains

Exact contract or mint per network — the identity layer used for DEX routing.

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On-chain routes

Networks with a connected DEX routing adapter.

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Theo Short Duration US Treasury Fund news

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