Binance Labs, the $10 billion investment arm of the world’s largest cryptocurrency exchange Binance, has invested in OpenEden, an investment platform that aims to tokenize real assets (RWA).
OpenEden is a fund management company licensed by Singapore’s central bank and a full-stack tokenization technology company. The company’s tokenized U.S. Treasury Bond Fund (TBILL) is the only tokenized T-Bill product to receive an “A” rating from Moody’s and the largest such offering outside the U.S.
OpenEden aims to bring trillions of dollars of real-world returns to the blockchain and believes that internet-based money will make this process accessible to everyone, creating a more inclusive and decentralized economy. Last month, OpenEden announced that it had secured over $100 million in total value locked (TVL) for its TBILL tokens.
TBILL is a smart contract vault that provides investors with direct access to a pool of short-term U.S. Treasury Bonds and reverse repurchase agreements. Investors can invest in assets in this pool by minting the TBILL token.
What will Binance's new support do?
The platform offers KYC-verified investors, DAOs, and crypto treasury managers the opportunity to mint TBILL tokens and earn yields in stablecoins by connecting their self-custody wallets. With the support of Binance Labs, OpenEden aims to expand RWA-backed yields in the DeFi ecosystem, introduce new products, and expand into new markets.
Stay tuned for new information.
