OpenEden Secures Funding to Scale Tokenized US Treasuries Platform

OpenEden Closes Funding Round to Fuel Tokenized US Treasury Growth

OpenEden, a leading platform in the real-world asset (RWA) tokenization space, has announced the closure of a strategic investment round backed by a diverse group of prominent trading firms, venture capital funds, blockchain networks, and institutional infrastructure providers. The funding aims to accelerate the growth and adoption of OpenEden's tokenized US Treasury offerings.

This round follows OpenEden’s 2024 raise with YZi Labs and comes as tokenized versions of short-dated government debt have emerged as one of the fastest-growing sectors within the cryptocurrency ecosystem in 2025, according to a recent press release. "As tokenization gains mainstream traction, institutions and protocols are seeking trusted and compliant infrastructure to bridge traditional assets onto the blockchain," stated Jeremy Ng, Founder and CEO of OpenEden.

Notable investors in the round include Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital. The specific amount raised was not disclosed.

Expanding Tokenized T-Bills and Yield-Bearing Stablecoin

OpenEden plans to deploy the newly secured capital to further develop its tokenization-as-a-service platform and introduce new products linked to traditional financial markets. The primary focus will remain on its two core offerings: the tokenized US Treasury fund, TBILL, and USDO, a yield-bearing stablecoin backed by those same treasuries.

"This funding round significantly bolsters our ability to deliver regulated, market-ready products that cater to both traditional and decentralized finance standards," Ng added.

USDO and its wrapped variant, cUSDO, are already integrated across several decentralized exchanges and lending markets. Earlier this year, cUSDO received approval as off-exchange collateral at Binance, enabling clients to utilize the asset for trading activities on the platform.

Looking ahead, OpenEden is also preparing to launch tokenized bond exposure, a multi-strategy yield token, and a range of structured products. In August, OpenEden appointed The Bank of New York Mellon Corporation (BNY) as custodian and investment manager for the underlying treasuries of TBILL. Furthermore, OpenEden has obtained investment-grade ratings from S&P Global and Moody’s for TBILL.

Tokenized Money Funds as Crypto's Yield Driver

A recent report by the Bank for International Settlements highlighted the increasing importance of tokenized money market funds as a key source of yield within the public blockchain space. These funds offer returns comparable to traditional money market funds while providing enhanced security features that standard stablecoins often lack. The BIS estimates that assets held in tokenized money market funds have surged to nearly $9 billion, a substantial increase from approximately $770 million at the close of 2023.