-Binance Labs, the venture and incubation arm of Binance, has invested in RWA's OpenEden platform to build a bridge to a new financial system.
1/ We are pleased to announce @BinanceLabs' strategic investment in @Openeden_Labs! " This move marks #Binance Labs' first investment in the fast-growing field of real-world tokenized assets, or "RWA
.
The move marks Binance Labs' first investment in the fast-growing real-world tokenized asset space, or "RWA
.
"The total #blockchain value of OpenEden is currently less than 111,500 million, or "TVL" for TBILL tokens, down slightly from a high of ¥1,100 million earlier this year. year...
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The amount of the investment was not disclosed. What is known is that with the funds raised, OpenEden aims to expand access to RWA-guaranteed returns across the entire DeFi ecosystem.
In particular, OpenEden is a group consisting of a Singapore-licensed fund management company and a full #tokenization technology company.
OpenEden's first product was the tokenized US fund T-Bill, which last month raised over $1 billion on TVL thanks to tokenized TBILL.
In fact, OpenEden will allow investors, Dao, kyc and cryptocurrency treasury managers to connect their self-service wallets and collect TBILL tokens. In this way, they can generate income from inactive working capital on stable coin.
Internal platform management for the entire tokenization stack will result in increased operational efficiency and higher net profit for token holders. To date, OpenEden has accepted more than 100 institutional investors.
With the new investment from Binance Labs, OpenEden plans to introduce new products, build partner channels and expand into emerging markets.
In this regard, Andy Chang, Chief Investment Officer of Binance Labs, said: "We are pleased to announce that we are able to offer our clients a wide range of products and services:
With the growing demand for tokenized RWAs, treasuries have become the preferred option for issuers.
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