Blog
Attestation notes, NAV mechanics and reserve updates from the Bytode desk.
This morning's proof-of-reserve reconciled every CUSIP against tokens outstanding and hashed the result on-chain. Weighted-average maturity sits at 21 days. A walk through how to verify the attestation yourself.
Treasury bills are issued at a discount and redeem at par — the accretion is the yield. We rebase NAV daily so one $BYTODE steadily becomes worth more than a dollar. The mechanics, and why there are no reward tokens.
Why we keep the ladder short: a 21-day weighted-average maturity means NAV barely flinches when discount rates move. A line-by-line read of the holdings table and what each maturity band is doing.
Arbitrum Orbit, Ethereum settlement, gas in ETH, no native token, mainnet live since 1 July 2026. Why a Treasury-backed token belongs on a chain purpose-built for real-world assets — trade-offs included.
Tokenized U.S. Treasuries are now roughly 80% of all on-chain RWA. As Treasuries become settlement collateral, the bar shifts from yield to proof. Where Bytode fits.
Segregated accounts at a qualified custodian, a transfer agent that issues and burns against KYC'd wallets, and overnight repo for same-day liquidity. The plumbing behind a fully-reserved token, explained.
Reserve updates publish with every attestation · each report is hash-anchored on-chain