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Normalised product comparison
Put products side by side. Issuers publish fees, yields and redemption terms in different formats, so every figure here has been converted to the same basis first. Rows are grouped into economics, liquidity, access and regulation, infrastructure, and how well sourced the data is.
Normalised comparison
As of 29 Aug 2026
Backed 20+ Year Treasury Bond
bTLT· Backed
Identity
Ticker
bTLT
Issuer
Asset class
Tokenized Treasury
Product structure
Security Token
Underlying asset
iShares 20+ Year Treasury Bond ETF
Launched
01 Oct 2023
Economics
Yield
4.50%
Yield basis
30-day net
Expense ratio
0.20%
Yield net of fee
4.50%
AUM
$10.0M
21D AUM change
-
NAV per token
90.0000 USD
Base currency
USD
Weighted average maturity
7300d
Liquidity
Redemption frequency
Daily
Dealing cut-off
16:00 CET
Settlement
T+2
Redemption fee
0.20%
Secondary venues
None
Access & regulation
Investor eligibility
ProfessionalInstitutional
Minimum investment
$0
Available in
Global
Prohibited
US
Issuer jurisdiction
Fund domicile
Switzerland
Legal structure
BVI Professional Fund
Allow-list required
No
Transfer restrictions
No US persons.
Infrastructure
Networks
1
Custodian
Administrator
Transfer agent
Tokenization platform
Oracle / attestation
chainlink
Highlighted cells mark the most favourable value on rows where a single direction is unambiguously better (higher yield, lower fee, lower minimum, faster redemption, shorter maturity, greater scale, better coverage). Rows marked * carry a caveat: hover the label. Yields quoted on different bases are not directly comparable; product structure changes what you legally own. This is data, not a recommendation.