Overview
- The round includes backing from Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital.
- OpenEden states it will use the funds to expand its end‑to‑end tokenization‑as‑a‑service infrastructure for institutions, fintechs, and developers.
- USDO, described by the company as a regulated yield‑bearing stablecoin backed by tokenized U.S. Treasuries, has wider integrations across DeFi venues, and the firm says its wrapped cUSDO was approved as off‑exchange collateral on Binance.
- The firm highlights credibility signals for its TBILL Fund, citing an ‘AA+f/S1+’ designation from S&P Global, an ‘A’ rating from Moody’s, The Bank of New York as custodian and investment manager, and a more than tenfold AUM increase over roughly two years.
- OpenEden outlines plans for a tokenized short‑duration global high‑yield bond fund with a major asset manager, a delta‑neutral yield token, tokenized structured products, multi‑currency stablecoins, a cross‑border settlement network, and a consumer push that includes a proposed integration into a large Asian messaging app.