🔥 BitDegree partnered with Ogvio - a free international money transfer service! Sign up now & grab Rewards! 🎁

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.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

OpenEden Raises Funding to Scale Real-World Asset Tokenization

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 $2.03B Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital.

What is Web3? (Animated Explanation + Examples)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

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 $9.06B . This step enabled institutional users on Binance to post cUSDO while accessing trading services.

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.

Recently, Galaxy Research reported that the overall crypto lending market soared to nearly $25 billion in outstanding loans by the close of the third quarter. What did Alex Thorn say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

GET EARLY REWARDS

Join Ogvio Waitlist
Rating
5.0