OpenEdenpioneer in uniting traditional finance (TradFi) and blockchain, celebrates important milestones in 2024, cementing its role as a leader in tokenized finance. Leveraging cutting-edge technology, OpenEden redefines access to institutional-grade financial products, including U.S. Treasury bills, through blockchain. By providing a stable 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 former CEO of Gemini Asia and Head of Structured Derivatives at Goldman Sachs Hong Kong and Singapore. Collaborating with a powerful team of industry experts from leading crypto companies like Bybit, OKX, and Sygnum Bank, Jeremy and his team leverage over 24 years of combined experience at the intersection of TradFi and DeFi. United by a strong focus on security, innovation and regulatory compliance, they are collectively driving OpenEden’s mission. United to transform the traditional financial system, 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 possible in finance. By leveraging tokenization, we not only improve trust and security, but also create scalable solutions that deliver real-world impact to institutions seeking a seamless transition to the blockchain era,” said Jeremy.
In 2024, OpenEden consolidated its position as the largest non-US issuer of tokenized US Treasuries, demonstrating the growing demand for secure blockchain-based financial products. In 2024, OpenEden achieved notable 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 in Singapore, Bermuda and BVI, OpenEden has onboarded over 130 investors and institutional partners, including Arbitrum, Ripple and Bitgo. With the majority of its customer base being web3 corporate treasuries, OpenEden has earned the trust of major investors around the world. Additionally, the company pioneered tokenization as a service (TaaS), which allows asset managers to digitize their products securely and at scale on the OpenEden platform.
OpenEden’s success is further enhanced by its distinction as the first issuer globally to receive an investment grade bond fund rating from Moody’s for its Tokenized US Treasury Bill Fund (TBILL). Together with its Bermuda Digital Asset Trading License and Singapore MAS Capital Market Services License, this achievement highlights its commitment to compliance, trust and excellence in tokenized finance.
Looking ahead, OpenEden plans to expand its operations under its Bermuda Class-M license, focusing on scalable and affordable solutions tailored to institutional needs. By the first quarter of 2025, OpenEden aims to further enhance the multi-chain support of its platform and explore new avenues to meet the changing demands 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. OpenEden, specializing in financial technology, offers a platform that allows users to generate on-chain returns through investments in tokenized US Treasury bills, taking advantage of the accessibility, efficiency and transparency that blockchain technology provides. Designed for professional investors, DAO treasuries, and DeFi users, OpenEden delivers sustainable, real-world risk-free returns while focusing on transparency and regulatory compliance. Founded in 2022 and backed by Binance Labs and Nomura’s Laser Digital, OpenEden is dedicated to redefining financial access for the modern era.
Source: OpenEden
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