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OpenEden Raises Funding to Scale Real-World Asset Tokenization
Key Takeaways
- OpenEden raised new funding from investors like Ripple and Lightspeed to expand its tokenization services for traditional assets;
- Its TBILL and USDO products, backed by US Treasuries, gain credibility with BNY Mellon as custodian and with S&P and Moody’s ratings;
- OpenEden plans to grow its product suite by adding bond-like tokens and yield-focused instruments for institutional crypto investors.
On December 1, OpenEden, a platform focused on real-world asset tokenization, completed a strategic funding round and received support from several recognized venture capital firms and institutional investors.
According to the company's press release, the tokenized short-term government debt industry has grown in crypto through 2025.
Those participating in this investment include Ripple, Lightspeed Faction, Gate
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The fundraising builds on a 2024 round that included YZi Labs. The new capital aims to support the scaling of OpenEden's tokenization-as-a-service offerings, especially for regulated traditional assets in an on-chain format.
Among OpenEden's products are the tokenized US Treasury fund, TBILL, and the stablecoin USDO, which provides yields and is fully backed by US Treasuries.
Institutional credibility has been strengthened by The Bank of New York Mellon Corporation (BNY) taking on custodial and investment management duties for TBILL, alongside recent investment-grade ratings from S&P Global and Moody's.
Previously, a wrapped USDO variant, cUSDO, was accepted as off-exchange collateral on Binance
Furthermore, OpenEden aims to introduce more financial products, including bond-like exposure tokens, multi-strategy yield tokens, and additional structured products for digital asset investors.
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