Ripple, major VCs back RWA platform OpenEden to scale tokenized Treasurys
RWA platform OpenEden secured funding from investors including Ripple to expand its tokenized US Treasury offerings.Summary
Real-world asset (RWA) tokenization platform OpenEden has successfully closed an investment round, backed by major firms like Ripple, Lightspeed Faction, and Gate Ventures, to scale its tokenized US Treasurys products. The funding aims to expand OpenEden's tokenization-as-a-service platform and roll out new offerings, focusing on its tokenized US Treasury fund, TBILL, and the yield-bearing stablecoin, USDO. The company emphasizes providing regulated, compliant infrastructure for bringing traditional assets on-chain, noting that USDO is already integrated across decentralized exchanges and approved as off-exchange collateral at Binance. OpenEden has also appointed BNY Mellon as custodian for TBILL's underlying Treasurys and secured investment-grade ratings for the product.
(Source：Cointelegraph)