OpenEden announced the closing of a new investment round backed by trading firms, venture capital funds, blockchain networks, and institutional infrastructure providers. According to the company’s Tuesday release, the funding will support the scaling of its tokenization platform and strengthen its suite of tokenized U.S. Treasurys—one of the fastest-growing segments in crypto during 2025.
The firm stated that the capital will be used to expand its tokenization-as-a-service platform and roll out new products linked to traditional markets. Two core offerings remain the priority: TBILL, OpenEden’s tokenized U.S. Treasury fund, and USDO, a yield-bearing stablecoin backed by those Treasurys. Founder and CEO Jeremy Ng stated that growing tokenization adoption is increasing institutional demand for compliant, trusted infrastructure capable of bringing traditional assets on-chain.
Investment Details and Future Products
Investors in the round include Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital. OpenEden is also developing additional products such as tokenized bond exposure, a multi-strategy yield token, and a set of structured offerings.
Custodial and Rating Information
In August, the company appointed BNY Mellon as custodian and investment manager for the Treasurys underlying TBILL. TBILL carries investment-grade ratings from S&P Global and Moody’s.