
SAN MATEO and BERMUDA, 5 March 2026 — FalconX, a leading digital asset prime brokerage, today announced support for USDO, a regulated yield-bearing stablecoin fully collateralized by US Treasury bills and issued by OpenEden, an institutional-grade RWA tokenization platform. Approved institutional clients will be able to access USDO across FalconX’s platform and use it as eligible collateral in certain credit and derivatives transactions.
FalconX’s institutional clients can allocate idle cash or stablecoin balances into OpenEden’s OpenDollar (USDO), a yield-bearing stablecoin prudentially regulated by the Bermuda Monetary Authority and fully backed by tokenized short-term US Treasuries. Eligible clients may pledge USDO as collateral and access USDC liquidity through FalconX’s lending desk, allowing them to earn US Treasury yield on idle capital while maintaining liquidity for trading and financing activity.
“By integrating USDO into FalconX’s platform, institutional clients can access compliant US Treasury yields on idle assets without giving up liquidity, said Jeremy Ng, Founder and CEO of OpenEden. “It’s a meaningful step toward unlocking capital efficiency and bringing traditional yield opportunities on-chain in a regulated, transparent way.”
“USDO represents a growing category of yield-bearing stablecoins backed by real-world assets,” said Brandon Cigri, Head of Onchain Ecosystems at FalconX. “We’re pleased to support USDO on our platform and provide institutional clients with broader access, liquidity, and collateral flexibility across our trading and financing solutions.”
The announcement comes as institutional adoption of yield-bearing stablecoins and tokenized real-world assets (RWAs) is rising, as shown by their rapid growth in 2025. By integrating Treasury-backed yield directly into prime brokerage workflows, FalconX and OpenEden are advancing a more capital-efficient model for institutional operations where stablecoin balances are no longer treated as passive liquidity, but as yield-generating assets within a unified platform.
*Products and services may not be available in all jurisdictions and are subject to applicable regulatory requirements.
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.
About FalconX
FalconX is a leading digital asset prime brokerage for the world’s top institutions. FalconX provides comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.
“FalconX” is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.
Disclaimer
The information in this publication and any distribution or dissemination of it in any form is provided for informational purposes only and does not constitute financial, investment, legal, tax or other advice, nor does it constitute a recommendation or endorsement by OpenEden. The information should not be relied upon as the basis for any investment decision and does not take into account the investment objectives, financial situation or particular needs of any specific investor.
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”). Nothing herein constitutes an offer, solicitation or recommendation to acquire or dispose of any financial products or digital assets in the United States or in any restricted jurisdiction.
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.
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