OpenEden, a pioneer in bridging traditional finance (TradFi) and blockchain, celebrates significant 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 & Singapore. Collaborating with a powerhouse team of industry experts from top crypto firms like 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 steadfast focus on security, innovation, and regulatory compliance, they are collectively driving OpenEden’s mission forward. United to transform 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’s possible in finance. By leveraging tokenization, we are not only enhancing trust and security but also creating scalable solutions that deliver real-world impact for institutions seeking a seamless transition into the blockchain era,” said Jeremy
In 2024, OpenEden solidified its position as the largest non-U.S. issuer of tokenized U.S. Treasuries, showcasing the growing demand for secure, blockchain-based financial products. In 2024, OpenEden achieved remarkable growth, with a 10x year-to-date increase in Total Value Locked (TVL), surpassing $110 million for its tokenized U.S. Treasury Bills (TBILL). Underpinned and supported by regulatory licenses across Singapore, Bermuda, and 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 top investors worldwide. Additionally, the company pioneered tokenization-as-a-service (TaaS), enabling asset managers to digitize their products securely and at scale on OpenEden’s platform.
OpenEden’s success is reinforced by its distinction as the first issuer globally to receive a Moody’s Investment-Grade bond fund rating for its tokenized U.S. Treasury Bills Fund (TBILL). Alongside its Bermuda Digital Asset Business 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 accessible solutions tailored to institutional needs. By Q1 2025, OpenEden aims to further enhance its platform’s multi-chain compatibility and explore new avenues to meet the evolving 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. Specializing in financial technology, OpenEden offers a platform that allows users to generate yield on-chain through investments in tokenized U.S. Treasury Bills, harnessing the accessibility, efficiency and transparency that blockchain technology brings. 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 dedicated to redefining financial access for the modern era.
Source: OpenEden
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