XEVT, issued by Open Trade Technology Ltd, is a tokenized-fund vault that gives professional lenders onchain exposure to the strategy tracking Fixed Term EU Bonds Vault [S1][S2].

The vault references Fixed Term EU Bonds Vault (XEVT) as eligible loan collateral funding a fully collateralised secured loan to the borrower [S3][S4]. Return accrues through an appreciation model rather than rebasing, so the token's exchange rate against the stablecoin rises daily as interest accrues [S5][S4]. Fees are borne by the borrower and netted from the benchmark, producing a Loan Fee Rate after advisor, platform, liquidity, and spread components [S5].

Open Trade Technology Ltd, registered in England and Wales, operates the platform as a technology provider and is not a party to the loans [S6][S7]. The borrower is OpenTrade SPC, a bankruptcy-remote Cayman Islands segregated portfolio company whose portfolio is managed by Five Sigma Finance Ltd., an FCA-regulated firm [S8][S9]. The tokenholder is a lender under a Master Lending Agreement, Loan Confirmations, and a Security Trust Deed, holding a secured claim [S10][S2]. Access is restricted to professional, institutional, and high-net-worth clients after KYC and AML screening, with sanctioned jurisdictions excluded [S11][S7]. Mulvaney Trustees (UK) Ltd holds a perfected security interest in collateral at regulated UK and Swiss custodians [S12][S3].

Vault tokens follow the ERC-20 standard within ERC-4626 vaults issued natively on Avalanche and Ethereum [S2][S13][S14]. Tokens are minted when a stablecoin deposit funds the loan and burned on withdrawal, with redemptions settling in the same stablecoin deposited [S2][S15]. Most withdrawals settle same-day, up to two business days, against a 6pm GMT cut-off, with value set by the daily exchange rate rather than an external oracle [S4][S15].

<Sources
  retrievedAt="2026-06-24"
  items={[
    { id: "S1", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/vaults.md" },
    { id: "S2", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/vault-tokens.md" },
    { id: "S3", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/loan-collateral.md" },
    { id: "S4", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/exchange-rates.md" },
    { id: "S5", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/interest-rate-and-fees.md" },
    { id: "S6", url: "https://docs.opentrade.io/terms-and-conditions/platform-terms-of-service.md" },
    { id: "S7", url: "https://docs.opentrade.io/terms-and-conditions/platform-terms-of-service.md" },
    { id: "S8", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/legal/bankruptcy-remote-structure.md" },
    { id: "S9", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/key-parties.md" },
    { id: "S10", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/legal.md" },
    { id: "S11", url: "https://docs.opentrade.io/getting-started/onboarding/eligibility-requirements.md" },
    { id: "S12", url: "https://docs.opentrade.io/stablecoin-yield-vaults/product-overview/legal/security-trust-deed.md" },
    { id: "S13", url: "https://docs.opentrade.io/developers/blockchain-protocol.md" },
    { id: "S14", url: "https://docs.opentrade.io/welcome-to-opentrade/supported-blockchain-networks.md" },
    { id: "S15", url: "https://docs.opentrade.io/getting-started/how-to-make-a-withdrawal.md" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized funds

Five Sigma manages the investment strategies behind OpenTrade's tokenized vaults (money market, asset-backed credit, corporate credit and diversified credit), which are tokenized and distributed on Avalanche and Ethereum.

Five Sigma is the asset manager behind a suite of OpenTrade tokenized credit and fixed-income vaults.

Five Sigma is an asset manager running credit and fixed-income strategies for tokenized vaults distributed via the OpenTrade platform.

twitter

website

Asset management

Five Sigma

OpenTrade Fixed Term EU Bonds Vault (XEVT) is a token providing exposure to a tokenized fund issued by OpenTrade through OpenTrade SPC and managed by Five Sigma Finance Ltd.

Each token is a collateral-backed contractual exposure rather than a direct claim on the issuer.

The fund is open-ended, invests in money market instruments and government debt in Europe, keeps its assets in accounts segregated from the issuer's own funds, and locks up subscriptions for 0 months.

Professional investors, accredited investors, and institutions can subscribe and redeem in EURC after completing KYC, and holders have a right to redeem at net asset value with two-to-five-business-day settlement.

OpenTrade SPC is incorporated in the Cayman Islands.

Holder terms are governed by the law of the United Kingdom.

XEVT has been issued on public blockchains since April 2024 and is native to Ethereum and Avalanche.

OpenTrade Fixed Term EU Bonds VaultXEVT