We are thrilled to announce that OpenEden has achieved yet another major milestone by surpassing $150 million in Total Value Locked (TVL) for our $TBILL Vault (Tokenized US Treasury Bills).
This achievement cements our position as one of the top five tokenized treasury issuers globally. As the only end-to-end tech stack in the market, we have gained the trust of over 130+ institutions, including Arbitrum, Ripple & Galaxy. Notably, this milestone comes just two months after our $100 million TVL announcement, highlighting the rapid and accelerating adoption of $TBILL.
With the growing need for regulated, institutional-grade on-chain cash management solutions, we’re one of the fastest-growing players in the field.
Source: OpenEden’s TBILL TVL DeFiLllama, dated 22 Oct 2024)
The Future of Crypto Treasury Management
As crypto continues to grow, the importance of secure and regulated treasury management is vital. FTX, once one of the largest crypto exchanges, claimed to be regulatory-compliant and well-governed.
However, it was later revealed that FTX had significant gaps in corporate controls and had misused customers’ funds due to lack of stringent regulation and oversight. This highlights the need for investment-grade credits and stronger regulations.
OpenEden, the first and only tokenized U.S treasury product with an “A” rating from Moody’s, delivers exactly that. We provide access to trusted real-world assets (RWA) that generate stable returns while maintaining full on-chain accessibility.
Best-in-Class Security and Transparency for Tokenized US Treasury
At OpenEden, security and transparency are at the core of everything we do. Our $TBILL is backed by a bankruptcy-remote, regulated mutual fund managed by licensed investment managers. This ensures that investors’ assets remain secure, even in the event of financial uncertainty. By combining institutional-grade security with unmatched transparency, we deliver a solution that investors can trust.
Seamless & Compliant Onboarding Process
With our investors in mind, we have built a seamless yet stringent onboarding process to ensure both compliance and security. The process is simple: investors connect their wallets and complete the KYC (Know Your Customer) verification by submitting the required documents. This is followed by a KYT (Know Your Transaction). Once both KYC & KYT are successfully completed, the investor’s wallet is whitelisted on-chain, allowing smooth and 24/7 access to mint and redeem $TBILL.
Build With OpenEden
In an industry that is often impatient for the next shiny new narrative that comes along, OpenEden remains laser-focused on our mission to bring safer, better, fairer tokenized RWA.
There is a tremendous opportunity in tokenizing more real-world assets and bringing those novel sources of yield into DeFi ecosystems.
If you’re building vaults, tokenizing structured products, or the idea of sandboxing ways to integrate $TBILL into your DeFi platform, reach out to us here.
About OpenEden
OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in Bermuda and the BVI, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is tokenizing global finance with a core focus on compliance and innovation. To learn more, visit www.openeden.com.
NOTE: The content is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the US and the District of Columbia), nor in such jurisdictions where such announcement would require registration and/or approval with any relevant governmental or regulatory authorities (“restricted jurisdictions”). The content is not an offer of financial products or digital assets for sale in the US or such other restricted jurisdictions. The digital assets referred to herein have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended and may not be offered or sold in the US or such other restricted jurisdictions, except pursuant to an applicable exemption from registration. No public offering of the digital assets is being made in the US or restricted jurisdictions. For full details on the applicable T&Cs, please refer to https://docs.openeden.com/
