Money-Fund Simplicity. Direct Treasury Tax Advantages.

TBill Direct combines the simplicity of a money market fund with direct ownership of U.S. Treasury bills. Own a T-bill directly, digitally represented on the blockchain, with greater transparency and tax efficiency.

No pooled fund. No unnecessary tax leakage. More of your yield stays yours.

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DIRECT OWNERSHIP

Know Exactly What You Own

Own a specific U.S. Treasury bill CUSIP, not a share of a pooled fund. No mystery portfolio. No fund expense ratio.

TAX-EFFICIENT BY DESIGN

Keep More of Your Yield

Money market funds may hold T-bills, but their pooled structure can prevent investors from receiving the full state and local tax benefit. TBill Direct overcomes this through direct Treasury ownership, helping preserve the exemption and increase after-tax yield, especially in high-tax states.

SMART ROLLOVER

Set It and Let It Roll

A smart contract automatically initiates reinvestment into the next selected T-bill on a three-month cycle. Sell before maturity or receive your proceeds at maturity. No tracking maturities. No placing trades.

Think money-market convenience with the benefits of direct Treasury ownership.

How It Works

Invest

Purchase a short-term U.S. Treasury bill through a TBill Direct-approved brokerage firm, typically with a maturity near 90 days.

Own

Receive direct beneficial ownership of a specific T-bill CUSIP. Your Treasury is held in a segregated account with a regulated custodian and digitally represented on-chain.

Roll or Cash Out

A smart contract facilitates the automatic rollover of your position into the next selected T-bill on a three-month cycle. You can sell before maturity or opt out of the rollover and receive your proceeds at maturity.

Preserve the Tax Advantage

At year-end, receive a Form 1099-INT with your Treasury income reported in Box 3, identifying income that is exempt from state and local income taxes.

Your Interest Starts Here.

Join the TBill Direct waitlist for launch updates, product news and early-access opportunities.