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Dennis Dawson
2025-04-02 14:14:09 -07:00
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docs/use-cases/tokenization/creating-an-asset-backed-multi-purpose-token.md
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## Creating a US Treasury Bill
## Creating a US Treasury Bill as an MPT
A US Treasury bill (T-bill) is a short-term debt security issued by the US government. T-bills are considered a safe investment because they're backed by the US government. T-bills are appealing to investors in American states that have high income tax because the interest earned is exempt from state and local taxes. See [Treasury Bills In Depth](https://www.treasurydirect.gov/research-center/history-of-marketable-securities/bills/t-bills-indepth/).