OpenEden announced a strategic round that adds a new group of investors, including Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital, and other trading and infrastructure firms across the US, Europe, and Asia. The company declined to disclose the amount raised, valuation, or deal structure, framing the round as a strategic infusion intended to bring institutional liquidity and tokenization infrastructure into the business rather than to announce a headline figure. As tokenization scales in adoption, institutions and protocols are seeking trusted, compliant infrastructure to bring traditional assets on-chain, Ng said, adding that this funding round boosts OpenEden’s capacity to provide regulated, market-ready products that fit both traditional and DeFi standards.
OpenEden also released updated usage figures, noting that 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. Markus Infanger, SVP of RippleX, said: “As regulated financial assets move on-chain, institutional investors are looking for products that offer compliance, reliability, and the same controls they expect in traditional markets.” 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 added that the new relationships will help develop additional tokenized funds and structured products and broaden integrations for USDO, including multi-currency and cross-border settlement capabilities, though no timeline was provided.
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