The tokenization platform OpenEden has successfully concluded its investment round, securing funding from a stellar roster of backers including important trading firms, venture capital funds, and blockchain networks. This development comes hot on the heels of OpenEden’s 2024 funding achieved with YZi Labs. It also coincides with a fresh trend in the crypto sector in 2025, where tokenized versions of short-dated government debts have emerged as one of the most rapidly expanding corners of the crypto universe, according to OpenEden.
Why Tokenization is Scaling in Adoption
Many organizations and protocols are actively searching for trusted, compliant infrastructure to seamlessly bring traditional assets on-chain as tokenization adoption grows in prominence. The term used by Jeremy Ng, OpenEden’s CEO and Founder, encapsulates this development beautifully, he said.
The Investors Bankrolling OpenEden’s Vision
In the recently closed investment round, OpenEden drew support from an impressive list of investors, including Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital. Despite the tantalizing line-up of backers, the exact funding figure remained undisclosed.
Broadening the Scope of Tokenization
OpenEden plans to channel the freshly secured capital into expanding its tokenization-as-a-service platform, and launching new products aligned with traditional markets. However, two core offerings, the TBILL, a tokenized US Treasury fund, and USDO, a yield-generating stablecoin backed by US Treasuries, will continue to be the primary focus. OpenEden hopes that the funding will increase their capacity to offer regulated, market-ready products suitable for both traditional and decentralized finance standards, as stated by Ng.
Integration Across Decentralized Exchanges
Currently, USDO and its corresponding version, cUSDO, have been integrated across various decentralized exchanges and lending markets. In a significant development earlier this year, cUSDO was greenlighted as off-exchange collateral at Binance. This change allowed clients to collateralize the asset while trading on the platform.
Future Plans and Partnerships for OpenEden
Further on the horizon, OpenEden is gearing up for tokenized bond exposure and a multi-strategy yield token; it’s even considering introducing a lineup of structured products. In an applaudable move during August, OpenEden roped in The Bank of New York Mellon Corporation (BNY) as the custodian and investment manager for the treasuries underlying TBILL. Mirroring this achievement, OpenEden also managed to secure investment-grade ratings for its products from S&P Global and Moody’s.
Rising Importance of Tokenized Money Market Funds
A report from the Bank for International Settlements in the previous month underlined the growing importance of tokenized money market funds. These are rapidly becoming vital yield products on public blockchains, offering returns similar to traditional money funds. Additionally, these funds offer safety nets that typical stablecoins can’t match. Indeed, the Bank for International Settlements estimates that assets in tokenized money market funds have swooped from just $770 million at the close of 2023 to nearly $9 billion.
In summary, as OpenEden continues to innovate and expand its scope in tokenizing assets, the outlook for the blockchain and crypto industry looks bright and promising, further underlining the transformative potential of these emerging technologies.
