Provider at a glance
- Category
- Tokenised Bonds
- Entity
- Not verified
- Official website
- opentrade.io
Independent rankingchecked How it works
Details
Scored 68 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
OpenTrade (Fixed Income Yield Vaults)
Secured loans behind fixed-income vaults
Tokenised Bonds
#4 Overall
Ranked #4 of 7 tokenised bonds in the published ranking
68
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is OpenTrade (Fixed Income Yield Vaults) right for you?
Right for you if these matter most
- Open to you7/10, the category best
- Exit tested7/10, the category best
Look elsewhere if these come first
- Paper you hold in default2/10 here; Ondo Global Markets (bond ETF line) scores 7
- Cost vs buying direct3/10 here; 21X scores 8
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best tokenised bond shows where it lands for you.
What will OpenTrade (Fixed Income Yield Vaults) cost you?
Not priced on this basis
- Your balance
- $10k
How safe is OpenTrade (Fixed Income Yield Vaults)?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to OpenTrade (Fixed Income Yield Vaults)
Compare all 4- 2Etherfuse (Stablebonds)1 point above · stronger on paper you hold in default (4 against 2)69
- 3Ondo Global Markets (bond ETF line)Level on score · stronger on paper you hold in default (7 against 2)68
- 521X8 points below · stronger on paper you hold in default (7 against 2)60
For your setup
Find out if OpenTrade (Fixed Income Yield Vaults) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where OpenTrade (Fixed Income Yield Vaults) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
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Find my best tokenised bondNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why OpenTrade (Fixed Income Yield Vaults) ranks #4
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (15.0 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 2 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
302+1.927.09#7/7Loading evidence…
257+5.605.07#1/7Loading evidence…
257+5.606.07#1/7Loading evidence…
203+1.926.09#6/7Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
MarginLevelbehind Ondo Global Markets (bond ETF line), #3
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 66–70 and ranks #2–#4
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of OpenTrade (Fixed Income Yield Vaults)’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? 2 → 3 on its ladder · passes Ondo Global Markets (bond ETF line)+170#4 → #2
Am I allowed to buy this at all - in my country, at my wealth level, today? 7 → 8 on its ladder · passes Ondo Global Markets (bond ETF line)+169#4 → #2
What is the published exit route - and is there any dated evidence a holder used it? 7 → 8 on its ladder · passes Ondo Global Markets (bond ETF line)+169#4 → #2
What does the token route cost me over just buying the bond or the ETF? 3 → 4 on its ladder · passes Ondo Global Markets (bond ETF line)+169#4 → #3
Am I allowed to buy this at all - in my country, at my wealth level, today? 7 → 1 on its ladder · 21X passes it−658#4 → #5
What is the published exit route - and is there any dated evidence a holder used it? 7 → 1 on its ladder · 21X passes it−658#4 → #5
Smallest climb: “If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?” 2 → 3 passes Ondo Global Markets (bond ETF line), #3.
Strengths
2 from the score dataWhere it leads
Best for readers who weight
- Am I allowed to buy this at all - in my country, at my wealth level, today? — 7/10, the category best
- What is the published exit route - and is there any dated evidence a holder used it? — 7/10, the category best
Tradeoffs
2 from the score dataWhere it trails
Not for readers who put first
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? — 2/10 against a category best of 9/10
- What does the token route cost me over just buying the bond or the ETF? — 3/10 against a category best of 9/10
Record watch-outs
- You are not buying a bond and you are not even buying a token that means anything: OpenTrade's own docs say the ERC-20 in your wallet 'confer[s] no legal rights or obligations', is 'non-transferrable' and 'do[es] not trade on the secondary market'. What you actually own is an unrated, unlisted, English-law secured loan to a Cayman SPC, collateralised at exactly 100% LTV - no haircut - by a high-yield corporate bond ETF that can itself fall 15-20% in a credit drawdown, and the platform whose brand you bought states in clause 3.4 of its own terms that it is 'not a party to the Master Loan Agreements'. Your recovery route is to instruct a security trustee you have never met to liquidate an ETF into a falling market.
Competitive position
Where OpenTrade (Fixed Income Yield Vaults) leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 714.0 of 20 · pool best
Published criteria#6 / 711.3 of 30 · best 18.6
Friction#1 / 72.7 of 10 · constant here
Trust record#1 / 73.2 of 8 · constant here
Measured data#1 / 78.3 of 18 · constant here
Where OpenTrade (Fixed Income Yield Vaults) leads
- Am I allowed to buy this at all - in my country, at my wealth level, today?#1 / 7
- What is the published exit route - and is there any dated evidence a holder used it?#1 / 7
Where it trails
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?#7 / 7
- What does the token route cost me over just buying the bond or the ETF?#6 / 7
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Ondo Global Markets (bond ETF line)#3 of 7 · score 68 · same score
OpenTrade (Fixed Income Yield Vaults) leads on
- Am I allowed to buy this at all - in my country, at my wealth level, today?7 vs 4
- What is the published exit route - and is there any dated evidence a holder used it?7 vs 6
Ondo Global Markets (bond ETF line) leads on
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?7 vs 2
- What does the token route cost me over just buying the bond or the ETF?5 vs 3
Largest single reason Ondo Global Markets (bond ETF line) is ahead: published criteria (+5.5 display points).Scenario cost: Ondo Global Markets (bond ETF line) has no verified pricing for this scenario.
Etherfuse (Stablebonds)#2 of 7 · score 69 · 1.0 point ahead
OpenTrade (Fixed Income Yield Vaults) leads on
- Am I allowed to buy this at all - in my country, at my wealth level, today?7 vs 5
- What is the published exit route - and is there any dated evidence a holder used it?7 vs 5
Etherfuse (Stablebonds) leads on
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?4 vs 2
- What does the token route cost me over just buying the bond or the ETF?6 vs 3
Largest single reason Etherfuse (Stablebonds) is ahead: published criteria (+1.3 display points).Scenario cost: Etherfuse (Stablebonds) has no verified pricing for this scenario.
21X#5 of 7 · score 60 · 8.0 points behind
OpenTrade (Fixed Income Yield Vaults) leads on
- Am I allowed to buy this at all - in my country, at my wealth level, today?7 vs 6
- What is the published exit route - and is there any dated evidence a holder used it?7 vs 6
21X leads on
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?7 vs 2
- What does the token route cost me over just buying the bond or the ETF?8 vs 3
Largest single reason OpenTrade (Fixed Income Yield Vaults) is ahead: availability (+20.8 display points).Scenario cost: 21X has no verified pricing for this scenario.
Against the leader
79 vs 68 · gap 11.0Why BondbloX Bond Exchange ranks above OpenTrade (Fixed Income Yield Vaults)
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 11.0 to within rounding. OpenTrade (Fixed Income Yield Vaults) is ahead on availability (+7.8 in its favour).
DimensionThisBondbloX Bond ExchangeGap share
Availability · 23% weight14.011.0+7.8, better
Published criteria · 35% weight11.318.6−19.0, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisBondbloX Bond ExchangePoints
If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? · w3029−6.72, worse
Am I allowed to buy this at all - in my country, at my wealth level, today? · w2576+0.80, better
What does the token route cost me over just buying the bond or the ETF? · w2039−3.84, worse
Net6879−11.0
Your scenario
OpenTrade (Fixed Income Yield Vaults) is not priced for this scenario
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your balance · your input$10k
Rate read from the provider’s published pricing ↗ on 29 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 7 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
7 of 7 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 29 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #2 to #4 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 29 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?strength 2 · weight 30Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Am I allowed to buy this at all - in my country, at my wealth level, today?strength 7 · weight 25Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.What is the published exit route - and is there any dated evidence a holder used it?strength 7 · weight 25Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.What does the token route cost me over just buying the bond or the ETF?strength 3 · weight 20Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure (OpenTrade (Fixed Income Yield Vaults) 2/10): the firm or issuer that owes you cannot pay.Scored by If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? · 30%
- Regulatory failure (OpenTrade (Fixed Income Yield Vaults) 7/10): no licence where you are, or a forced market exit.Scored by Am I allowed to buy this at all - in my country, at my wealth level, today? · 25%
- Exit failure (OpenTrade (Fixed Income Yield Vaults) 7/10): you cannot get out at par, on time, or with what is yours.Scored by What is the published exit route - and is there any dated evidence a holder used it? · 25%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What does the token route cost me over just buying the bond or the ETF? (20%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- OpenTrade FAQ, https://
www .opentrade .io /faq, fetched 29 September 2026 (HTTP 200), answer to "What fees are involved?": "Fees are paid by Borrowers to the Platform Provider and Investment Advisor at a specific rate set for each vault." The same answer continues: "For the Flexible Term Vaults, these fees currently total 0.50% p.a, accrued daily and paid by the Borrower monthly." and "For Fixed Term Vaults, these fees total 0.30% p.a. and are paid by the Borrower at the end of each loan term." Neither figure applies to the in-scope Fixed Income Yield Vaults: the High Yield Corporate Bond Vault XHYC and the EURC CLO Vault XECLO are neither Flexible Term nor Fixed Term, and no rate is published for them. The product page, https:// www .opentrade .io /product, fetched 29 September 2026, shows yield only, not price: "Public and Private Fixed Income Yield Vaults", "~2.50-13.50%", "APY". The only fee clause in the Platform Terms of Service, https:// docs .opentrade .io /terms-and-conditions /platform-terms-of-service .md, is unquantified: "In consideration of us providing the Platform, Borrowers must pay us the fees in accordance with the Master Loan Agreement (Platform Service Fee)". No minimum investment and no total expense ratio (TER) for the SHYG or JCLO collateral ETFs is published on any page read. No list price exists for the in-scope vaults, so cost cannot be compared before a sales conversation.OpenTrade (Fixed Income Yield Vaults) — official pricing page ↗ · 29 September 2026 - Prices published in
- USDOpenTrade (Fixed Income Yield Vaults) — official pricing page ↗ · 29 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- A fee number IS published, but not one that applies to the in-scope vaults. Read on https://
www .opentrade .io /faq (answer to 'What fees are involved?'): 'Fees are paid by Borrowers to the Platform Provider and Investment Advisor at a specific rate set for each vault.' - Supported chains
- ethereum, avalanche, plume
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- NO MARKET-FOOTPRINT RESTRICTION FOUND - what is published is a sanctions/prohibited-country representation of the kind that applies everywhere, plus a UK-specific investor-class gate. The geographic language, read on https://
docs .opentrade .io /getting-started /onboarding /eligibility-requirements .md : 'OpenTrade will not onboard any individual or company residing and/or operating in countries subject to sanctions by US, UK, EU, and UN government agencies.' and 'OpenTrade will not onboard companies or individuals who are located, organised, or resident in the following countries:' - 'North Korea', 'Cuba', 'Iran', 'Syria', 'Russia', 'Any other country subject to comprehensive United States sanctions and/or embargoes, UN sanctions, or if you are on the U.S. Treasury Department's Specially Designated Nationals List'. The terms restate it at clause 5.2.4, read on https:// docs .opentrade .io /terms-and-conditions /platform-terms-of-service .md : 'you are not organized in or operating under the jurisdiction of Iran, Cuba, North Korea, Syria or the Crimean Region of the Ukraine, or any other jurisdiction to which the United States, United Kingdom or European Union embargoes goods or imposes similar sanctions'. That is an eligibility rule, NOT a regional footprint. The only jurisdiction-specific rule is the UK FPO gate in clause 5.2.11 - an investor-class test under UK financial-promotion law, not a country map. No positive list of permitted countries is published anywhere, and no US-person treatment (Reg D / Reg S / accredited / QIB) appears in any vendor document read, so the boundary for a US buyer is recorded as unresolved rather than tagged. Case studies on https:// www .opentrade .io / name clients in Latin America and Asia-Pacific (Buenbit, belo, WooX, Littio, Criptan, OnTop), but those are B2B integrators, not a retail availability map.
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with OpenTrade (Fixed Income Yield Vaults): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
10 methodology entries
- 29 September 2026Current verified snapshot · methodology 2026.10.18Score 68, #4 of 7. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt tokenised_bonds:opentrade_bonds_tok:2026.10.18:1c8b9a74b30d
Are you OpenTrade (Fixed Income Yield Vaults)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.