Treasury Bill (T-Bill)

A Treasury Bill (T-Bill) is a short-term debt obligation backed by the full faith and credit of the U.S. government, characterized by its issuance at a discount to par value and maturity periods ranging from a few days up to 52 weeks. As a zero-coupon security, T-Bills are considered one of the safest and most liquid money market instruments globally, serving as a critical benchmark for short-term interest rates and a foundational asset for Real-World Asset (RWA) tokenization in decentralized finance.