The OpenEden platform for real-world asset (RWA) tokenization has successfully concluded an investment round supported by leading trading firms, venture capitalists, blockchain networks, and institutional infrastructure providers to enhance the scaling of tokenized US Treasurys.
This round follows OpenEden’s 2024 funding with YZi Labs, coinciding with the rapid growth of tokenized short-dated government debt in 2025, as noted in a Tuesday news release from the company said.
“With the increasing adoption of tokenization, institutions and protocols are in search of reliable, compliant infrastructure to transition traditional assets on-chain,” stated Jeremy Ng, founder and CEO of OpenEden.
Key investors in this round include Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital. The total amount raised remains undisclosed.
Related: Tokenized money market funds emerge as Wall Street’s answer to stablecoins
OpenEden to expand tokenized T-Bills and yield stablecoin
OpenEden has announced plans to utilize the capital to extend its tokenization-as-a-service platform and introduce new products linked to traditional markets. The focus will remain on two primary offerings: its tokenized US Treasury fund TBILL and USDO, a yield-bearing stablecoin supported by those Treasurys.
“This funding round enhances our ability to deliver regulated, market-ready products that adhere to both traditional and decentralized finance standards,” Ng added.
USDO and its wrapped counterpart, cUSDO, are now integrated into decentralized exchanges and lending markets. Earlier this year, cUSDO gained approval as off-exchange collateral at Binance, allowing clients to utilize the asset while trading.
OpenEden is also preparing tokenized bond exposure, a multi-strategy yield token, and a range of structured products.
In August, the platform appointed the Bank of New York Mellon Corporation (BNY) as custodian and investment manager for the Treasurys underlying TBILL. OpenEden has secured investment-grade ratings for TBILL from S&P Global and Moody’s.
Related: Animoca launches NUVA marketplace to unify ‘fragmented’ RWA sector
Tokenized money funds become crypto’s yield engine
According to a report released last month by the Bank for International Settlements, tokenized money market funds are emerging as significant yield products on public blockchains, providing returns comparable to traditional money funds with added safeguards that are typically absent in stablecoins.
The BIS estimated that assets in tokenized money market funds have surged to nearly $9 billion, rising from approximately $770 million at the close of 2023.
Magazine: 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more
