We are delighted to welcome Binance Labs’ strategic investment into OpenEden.
The move marks Binance Labs’ first investment into the rapidly growing tokenized real-world assets, or “RWA” space.
“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 the fresh funding from Binance Labs, OpenEden plans 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, Co-Founder 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, 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!
