Main Takeaways:

  • Binance Labs has invested in OpenEden, whose focus is in building the bridge to a new financial system through its real-world assets (“RWA”) tokenization platform.

  • Binance Labs provides unwavering support to projects that are unlocking the next wave of value and opportunities in Web3 through meaningful and sustainable technologies. 

Binance Labs, the venture capital and incubation arm of Binance, has invested in OpenEden, a real-world assets ("RWA") tokenization investment platform building the bridge to a new financial system. OpenEden as a group consists of a Monetary Authority of Singapore-licensed fund management company and a full-stack tokenization technology company. OpenEden’s tokenized U.S. T-Bill Fund (“TBILL”) is the first and only tokenized T-Bill product to receive an “A” rating from Moody’s, and is the largest of its kind outside the US. 

OpenEden’s mission is to bring trillions of dollars in real-world yields on-chain. They believe internet-native money will make RWAs accessible to everyone, creating a more inclusive and decentralized economy. Last month, OpenEden announced that they had achieved over $100 million in Total Value Locked (“TVL”) for their tokenized TBILLs.

By enabling KYC-ed investors, DAOs, and crypto treasury managers to connect their self-custodial wallets and mint TBILL tokens, OpenEden allows them to earn a yield on their idle working capital in stablecoins. The platform's in-house management of the entire tokenization stack results in greater operational efficiency and higher net yields for token holders. To date, OpenEden has on-boarded over 100 institutional clients.

With the new funding from Binance Labs, OpenEden plans to expand access to RWA-backed yields throughout the DeFi ecosystem. This will be achieved through the introduction of new products, the establishment of channel partnerships, and the exploration of emerging markets.

“Binance Labs provides unwavering support to projects that are unlocking the next wave of opportunities in Web3 through meaningful and sustainable technologies. We believe OpenEden is well-positioned to capitalize on the growing adoption of stablecoins and RWAs, and we are excited to join them on this journey,” said Andy Chang, Investment Director, Binance Labs.

“We are delighted to have the support of Binance Labs, a leader in the Web3 space, as we drive the growth of tokenized real-world assets. Their backing empowers us to accelerate our efforts in blending native yields with real-world yields, which will help stabilize returns in DeFi and create pathways for bringing institutional liquidity onto decentralized platforms,” said Jeremy Ng, Co-Founder of OpenEden.

As the demand for tokenized RWAs has surged, T-Bills have emerged as a preferred choice among issuers. According to blockchain analytics firm Messari, the total value locked in RWAs has grown exponentially over the past year, reaching $8 billion.

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About Binance Labs

As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since our founding in 2018, we have consistently focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.

As a chain- and sector-agnostic venture capital leader in the Web3 space, we back everything from infrastructure to application layers, and our focus has consistently been on tech innovation with meaningful product-market fit and sustainable revenue models.

Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X. 

About OpenEden

OpenEden Labs is building the bridge to a new financial system. Its mission is to bring real-world assets to DeFi to unlock trillions of dollars in value.

For more information, visit https://openeden.com/. 

Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.