OpenEden Secures Major Backing as Tokenized Treasury Craze Heats Up

Forget waiting for the Fed. The real yield action is moving on-chain.

Tokenized Treasuries Hit the Mainstream

OpenEden's latest funding round isn't just another crypto cash grab. It's a direct bet that institutional demand for blockchain-based U.S. government debt is about to explode. Why queue up at a traditional bank for a paltry return when you can tap into the same asset class with 24/7 liquidity and transparent settlement? The old guard is watching its lunch get eaten, byte by byte.

Building the Rails for Real-World Assets

The platform isn't minting memecoins—it's building infrastructure. By tokenizing Treasury bills, OpenEden bridges the trillion-dollar world of traditional finance with the efficiency of decentralized networks. It cuts out layers of intermediaries, bypasses legacy settlement delays, and unlocks global access to what was once a clubby, walled-off market. Suddenly, your digital wallet can hold a piece of the world's safest asset.

The New Gold Rush Isn't Speculative—It's Boring

The irony is delicious. After years of chasing hyper-volatile altcoins, smart money is now piling into the digital equivalent of watching paint dry: risk-free yield. It turns out that after a few market cycles, the allure of a steady, predictable return backed by the full faith and credit of the U.S. government starts to look pretty revolutionary. One fund manager's 'safe haven' is a crypto-native's most disruptive trade yet.

As traditional finance scrambles to keep up, the message is clear: the future of fixed income won't be traded on a floor; it'll be settled on a blockchain. The only thing being tokenized faster than Treasury bills is Wall Street's sense of superiority.

OpenEden has added a group of strategic investors to its cap table to help scale its tokenized real-world asset platform, but declined to disclose the size, valuation or structure of the deal.

The round, announced Tuesday in a statement, includes participation from Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital and other trading and infrastructure firms across the US, Europe and Asia.

A company spokesperson said the raise was intentionally positioned as a “strategic” round focused on bringing partners with institutional liquidity and tokenization infrastructure into the business, rather than on announcing a headline monetary amount.

“As tokenization scales in adoption, institutions and protocols are seeking trusted, compliant infrastructure to bring traditional assets on-chain," OpenEden founder and CEO Jeremy Ng said in a statement. "This funding round boosts our capacity to provide regulated, market-ready products that fit both traditional and decentralized finance standards.”

OpenEden provided updated usage figures after being asked for further detail. The firm said USDO, its yield-bearing stablecoin backed by tokenized U.S. Treasuries, peaked at just under $300 million in supply during a mid-2025 incentive program and has since normalized to just under $100 million. TBILL, OpenEden’s tokenized U.S. Treasuries fund, now manages roughly $115 million in assets, the company said.

Industry backers framed the investment as a bet on institutional adoption of tokenized Treasuries. “As regulated financial assets MOVE onchain, institutional investors are looking for products that offer compliance, reliability, and the same controls they expect in traditional markets.,” Markus Infanger, SVP of RippleX, said. “We’re pleased to support their growth as assets like tokenized T-bills emerge as practical ways for institutions to begin engaging with onchain markets.”

OpenEden said the new relationships will help it develop additional tokenized funds and structured products and broaden integrations for USDO, including multi-currency and cross-border settlement capabilities. The company gave no timeline for those launches.