Real-world asset tokenization (RWA) platform OpenEden has closed an investment round backed by major trading firms, enterprise capital funds, blockchain networks, and institutional infrastructure providers to scale tokenized U.S. Treasury securities.
The round follows OpenEden's 2024 raise with YZi Labs and comes at a time when tokenized versions of short-term treasuries have turn into one in every of the fastest-growing cryptocurrency niches in 2025, the corporate said in a press release Tuesday.
“As tokenization adoption increases, institutions and protocols are searching for trustworthy, compliant infrastructure to bring traditional assets on-chain,” said Jeremy Ng, founder and CEO of OpenEden.
Investors within the deal include Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation and Sigma Capital. The amount raised was not disclosed.
Overall overview of the RWA market. Source: RWA.xyz
OpenEden expands tokenized T-bills and offers birth to stablecoins
OpenEden said it plans to make use of the capital to expand its tokenization-as-a-service platform and launch recent products tied to traditional markets. Nevertheless, the main focus stays on two core offerings, the tokenized US Treasury fund TBILL and USDO, a high-yielding stablecoin backed by these treasuries.
“This round of funding strengthens our ability to deliver regulated, market-ready products that meet each traditional and decentralized finance standards,” Ng added.
USDO and its packaged version, cUSDO, are actually integrated into decentralized exchanges and lending markets. Earlier this yr, cUSDO was approved as an over-the-counter security on Binance, allowing customers to deposit the asset while trading on the trading venue.
OpenEden can be preparing a tokenized bond exposure, a multi-strategy yield token and a variety of structured products.
In August, OpenEden appointed Bank of New York Mellon Corporation (BNY) as custodian and investment manager for the treasury's underlying TBILL. OpenEden has secured investment grade rankings from S&P Global and Moody's for the product.
Tokenized money funds have gotten the revenue engine of crypto
In a report last month, the Bank for International Settlements said tokenized money market funds have gotten one of the crucial necessary yield products on public blockchains, offering similar returns to traditional money funds in addition to safeguards that typical stablecoins lack.
BIS-estimated assets in tokenized money market funds have risen to almost $9 billion from around $770 million at the top of 2023.
