OpenEden

OpenEden has crossed $75 million in Total Value Locked (“TVL”) for our tokenized US Treasury Bills. This makes us the largest issuer in Asia! 🎉 Learn more about how we did it in our blog (link in comments). #RWA #tokenization #DeFi #crypto #treasury

안녕하세요 👋 We're holding a party in Seoul (next Tuesday). If you'll be at #KBW2024, come hang with the team! Apply now (limited tickets available): link in the comments below 👇

We’ve crossed $100 million in Total Value Locked (“TVL”) for our tokenized US Treasury Bills! OpenEden’s TVL is now the largest globally, outside of the US. Read more about our recent growth (link in comments).

🚀 KAST is bringing the party to Korea Blockchain Week! 🇰🇷 After unforgettable nights in Rio and Bali, we’re teaming up with BitGo and OpenEden to light up Seoul. This VIP invite-only event promises high-energy vibes, premium networking, and a celebration of blockchain innovation! 🔥 Register now: https://lu.ma/5plvxpuo 📍 Get Allright, Gangnam, Seoul 📆 September 3rd, 2024 🕗 8:00pm - 12:00am GMT+9 Don’t miss out—see you in Seoul! 🌟 #KAST #BitGo #OpenEden #BlockchainWeek #SeoulParty #CryptoEvents

Tokenized treasuries comprise 17% of the $10.9B+ of tokenized real-world assets. OurNetwork recently published a great deep dive. It highlights three ways OpenEden's approach to tokenization differs, and how it matters to investors. 👉 “𝗔” 𝗥𝗮𝘁𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗠𝗼𝗼𝗱𝘆'𝘀 Even Coinbase’s bonds are rated "BB-"! OpenEden is also the first ever tokenized US Treasury product rated in Moody’s 115-year history. 👉 𝗛𝗼𝘄 𝘄𝗲 𝗱𝗲𝗹𝗶𝘃𝗲𝗿 𝗵𝗶𝗴𝗵𝗲𝗿 𝘆𝗶𝗲𝗹𝗱𝘀 𝗲𝘃𝗲𝗻 𝗼𝗻 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝘂𝗻𝗱𝗲𝗿𝗹𝘆𝗶𝗻𝗴 𝗮𝘀𝘀𝗲𝘁𝘀 (𝗵𝗶𝗻𝘁: 𝗳𝗲𝗲𝘀) By managing the entire tokenization stack in-house, our TBILLs achieved higher yields for token holders, according to a Dune dashboard. 👉 𝗛𝗼𝘄 𝘄𝗲 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗱 ~𝟰𝘅 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗷𝘂𝘀𝘁 𝗳𝗼𝘂𝗿 𝗺𝗼𝗻𝘁𝗵𝘀 Not all mass adoption pathways are visible or sexy. US Treasury Bills are one of the most common ways companies traditionally earn risk-free yields on their treasury. But until recently, DAOs, and crypto CFOs did not have easy, institutional-grade, on-chain access to USD yields. To learn more about the tokenized treasuries space, read their full report (link in the comments) 👇  

Compliance is an ongoing obligation - not a mere trophy 🏆

We are delighted to announce our tokenized US Treasury bills ($TBILL) are now supported on the XRP Ledger (XRPL)! TBILL tokens are now accessible by our app by qualified XRPL users who are accredited and institutional investors, via stablecoins including the upcoming Ripple USD later this year. Ripple, the leader in driving institutional-grade DeFi solutions, has also allocated $10 million to OpenEden’s TBILL tokens on XRPL. OpenEden has over USD$90 million allocated to its tokenized US T-bills across Ethereum, Abitrum, and now XRPL. We look forward to working with the Ripple team to drive greater market adoption for tokenized #RWA, across a broad range of use cases on the XRP Ledger ecosystem! If you would like to build on OpenEden’s tokenization engine, or bring our TBILL tokens to your dApp or network, reach out to us! Read the full announcement at our blog (link in the comments below) 👇

Most industry growth projections are wildly inflated 🤡 But we recently had the pleasure of sharing with Lynn Wang from BeInCrypto, why it's not unrealistic to think tokenized treasuries might hit the $3bn mark by the end of 2024. “Given a 30-day compounded growth rate of 16% and about 5 months left to go until the end of the year, we can expect nearly $4 billion in TVL!", explained Eugene Ng, Co-Founder of OpenEden. "So the $3 billion projection isn’t wildly optimistic by any measure. If anything, it is moderately conservative”. To read her full article, visit the link in the comments below 👇

“DeFi is the horse that pulls the tokenized RWA cart,” said Jeremy Ng, co-founder of OpenEden, which tokenizes short-duration US Treasuries. “Without this burgeoning on-chain economy, there would be no demand for tokenizing these traditional asset classes in the first place”. We had the pleasure of speaking to Suvashree Ghosh from Bloomberg, as she reports on the key drivers (and challenges) in the rapidly growing vertical of tokenized "real-world" assets. To read her article in full, visit the link in the comments below 👇

“DeFi is the horse that pulls the tokenized RWA cart,” said Jeremy Ng, co-founder of OpenEden, which tokenizes short-duration US Treasuries. “Without this burgeoning on-chain economy, there would be no demand for tokenizing these traditional asset classes in the first place”. We had the pleasure of speaking to Suvashree Ghosh from Bloomberg, as she reports on the key drivers (and challenges) in the rapidly growing vertical of tokenized "real-world" assets. To read her article in full, visit the link in the comments below 👇