OpenEden, a pioneer in bridging traditional finance (TradFi) and blockchain, is celebrating significant milestones in 2024, cementing its role as a leader in tokenized finance. Using cutting-edge technology, OpenEden redefines access to institutional-grade financial products, including US Treasury Bills, through the blockchain. By providing a robust and secure on-chain alternative, OpenEden bridges the gap between traditional systems and decentralized finance (DeFi), driving institutional adoption.
OpenEden was founded by Jeremy Ng—a financial industry veteran with a proven track record as the former CEO of Gemini Asia and Head of Structured Derivatives at Goldman Sachs Hong Kong & Singapore. Working with a powerhouse team of industry experts from leading crypto firms such as Bybit, OKX, and Sygnum Bank, Jeremy and his team leverage over 24 years of combined expertise at the intersection of TradFi and DeFi. United by a strong focus on security, innovation, and regulatory compliance, together they drive OpenEden’s mission. United to transform traditional financial systems, the team is driving blockchain innovation with real-world impact, setting new benchmarks for trust, security, and scalability through tokenization.
“At OpenEden, we are committed to pushing the boundaries of what is financially possible. By leveraging tokenization, we not only improve trust and security but also create scalable solutions that deliver real-world impact for institutions seeking a seamless transition to the blockchain era,” said said Jeremy
By 2024, OpenEden has solidified its position as the largest non-US issuer of tokenized US Treasuries, reflecting the growing demand for secure, blockchain-based financial products. In 2024, OpenEden achieved impressive growth, with a 10x year-to-date increase in Total Value Locked (TVL), surpassing $110 million for its tokenized US Treasury Bills (TBILL). Backed and supported by regulatory licenses across Singapore, Bermuda, and the BVI, OpenEden has onboarded over 130 institutional investors and partners, including Arbitrum, Ripple, and Bitgo. With the majority of its client base being web3 corporate treasuries, OpenEden has earned the trust of leading investors around the world. Additionally, the company pioneered tokenization-as-a-service (TaaS), enabling asset managers to digitize their products securely and at scale on the OpenEden platform.
OpenEden’s success is fueled by its distinction as the first issuer globally to receive a Moody’s Investment-Grade bond fund rating for the tokenized US Treasury Bills Fund (TBILL). Together with its Bermuda Digital Asset Business License and Singapore MAS Capital Market Services License, this achievement highlights its commitment to compliance, trust, and efficiency in tokenized finance.
In the future, OpenEden plans to expand its operations under its Bermuda Class-M license, focusing on scalable and accessible solutions tailored to institutional needs. By Q1 2025, OpenEden aims to further improve the multi-chain compatibility of its platform and explore new ways to meet the evolving needs of global investors.
With an unwavering focus on innovation and compliance, OpenEden continues to redefine access to institutional-grade financial products for the modern era.
About OpenEden
OpenEden bridges traditional finance and decentralized finance by providing tokenized access to real-world assets. Specializing in financial technology, OpenEden offers a platform that allows users to generate yield on-chain through investments in tokenized US Treasury Bills, leveraging the accessibility, efficiency and transparency that comes with of blockchain technology. Designed for professional investors, DAO treasuries, and DeFi users, OpenEden delivers real-world sustainable risk-free yields while focusing on transparency and regulatory compliance. Founded in 2022 and backed by Binance Labs and Nomura’s Laser Digital, OpenEden is committed to redefining financial access for the modern era.
Source: OpenEden
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