PANews reported on December 2nd that OpenEden, a tokenization platform for RWA (Real-World Assets), announced the completion of a strategic financing round. Investors include well-known institutions such as Ripple, Lightspeed Faction, and Gate Ventures. This round of financing will be used to expand its RWA tokenization service platform and to advance the scaling of its regulated yield-generating stablecoin USDO and its tokenized US Treasury bond fund TBILL.

OpenEden founder and CEO Jeremy Ng stated that this funding round will help the company provide compliant products that meet both traditional and decentralized finance (DeFi) standards. The RWA tokenization market is projected to double in size by 2025, and OpenEden's TBILL fund has become a top choice for institutional investors, with its assets under management growing more than tenfold in two years. This round of funding will also support US...

Previously, it was reported that Gate Ventures had reached a strategic partnership with RWA platform OpenEden .