We are delighted to welcome Binance Labs’ strategic investment into OpenEden. The move marks Binance Labs’ first investment in the rapidly growing tokenized real-world assets, or “RWA” space, with OpenEden now joining Binance Labs’ portfolio.
“Binance Labs provides unwavering support to projects that are unlocking the next wave of opportunities in Web3 through meaningful and sustainable technologies. We believe OpenEden is well-positioned to capitalize on the growing adoption of stablecoins and RWAs, and we are excited to join them on this journey,” said Andy Chang, Investment Director, Binance Labs.
With fresh funding and OpenEden now part of Binance Labs’ portfolio, we plan to expand access to RWA-backed yields throughout the DeFi ecosystem.
To achieve this, we will be introducing exciting new products, new channel partnerships, and expanding into emerging markets.
“We are delighted to have the support of Binance Labs, a leader in the Web3 space, as we drive the growth of tokenized real-world assets. Their backing empowers us to accelerate our efforts in blending native yields with real-world yields, which will help stabilize returns in DeFi and create pathways for bringing institutional liquidity onto decentralized platforms,” said Jeremy Ng, Founder and CEO of OpenEden.
Build With OpenEden
OpenEden’s tokenized U.S. T-Bill Fund (“TBILL”) is the first and only tokenized T-Bill product to receive an “A” rating from Moody’s.
We are the largest non-US platform in the space with just under $115 million in Total Value Locked (“TVL”) across blockchains like Ethereum, Arbitrum, and XRP Ledger.
To date, we’ve enabled over 100 institutional investors like DAOs and crypto treasury managers, to instantly mint TBILL tokens in their wallets, to earn yields on idle stablecoins in their treasury, with no lockups.
The OpenEden group consists of a licensed fund management company, a registered professional fund, and a full-stack tokenization technology company.
Managing the entire tokenization stack in-house — from issuance, tokenization, and management — results in greater operational efficiency and lower fees for token holders.
But we cannot build the future of finance alone.
If you are keen to build DeFi vaults, or other crypto-powered products, or want to explore ways to integrate RWA yields into your DeFi ecosystem, reach out to us!
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.
Disclaimer
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/
