On December 1, OpenEden, a platform focused on real-world asset tokenization, completed a strategic funding round and received support from several recognized venture capital firms and institutional investors.
According to the company’s press release, the tokenized short-term government debt industry has grown in crypto through 2025.
Those participating in this investment include Ripple, Lightspeed Faction, Gate
$2.08B
Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital.
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The fundraising builds on a 2024 round that included YZi Labs. The new capital aims to support the scaling of OpenEden’s tokenization-as-a-service offerings, especially for regulated traditional assets in an on-chain format.
Among OpenEden’s products are the tokenized US Treasury fund, TBILL, and the stablecoin USDO, which provides yields and is fully backed by US Treasuries.
Institutional credibility has been strengthened by The Bank of New York Mellon Corporation (BNY) taking on custodial and investment management duties for TBILL, alongside recent investment-grade ratings from S&P Global and Moody’s.
Previously, a wrapped USDO variant, cUSDO, was accepted as off-exchange collateral on Binance
$9.32B
. This step enabled institutional users on Binance to post cUSDO while accessing trading services.
Furthermore, OpenEden aims to introduce more financial products, including bond-like exposure tokens, multi-strategy yield tokens, and additional structured products for digital asset investors.
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