Ripple, Lightspeed back OpenEden to scale tokenized Treasurys
What's the deal? OpenEdenDealroom has a profile for this one. Try Dealroom → has closed a strategic funding round backed by Ripple, Lightspeed FactionDealroom has a profile for this one. Try Dealroom →, Gate VenturesDealroom has a profile for this one. Try Dealroom →, FalconX, Anchorage Digital Ventures, Flowdesk, P2 VenturesDealroom has a profile for this one. Try Dealroom →, Selini CapitalDealroom has a profile for this one. Try Dealroom →, Kaia DLT FoundationDealroom has a profile for this one. Try Dealroom →, and Sigma CapitalDealroom has a profile for this one. Try Dealroom → — a mix of blockchain networks and institutional infrastructure providers. The company will use the capital to scale its tokenization platform and expand its suite of tokenized US Treasurys.
What does OpenEden do? It runs a tokenization-as-a-service platform that brings traditional assets on-chain. Two products lead its lineup: TBILL, a tokenized US Treasury fund, and USDO, a yield-bearing stablecoin backed by those Treasurys.
Who else joined? The round also drew Flowdesk, P2 VenturesDealroom has a profile for this one. Try Dealroom →, Selini CapitalDealroom has a profile for this one. Try Dealroom →, Kaia FoundationDealroom has a profile for this one. Try Dealroom →, and Sigma CapitalDealroom has a profile for this one. Try Dealroom → — a mix of blockchain networks and institutional infrastructure providers.
Why now? Tokenized US Treasurys were one of the fastest-growing segments in crypto during 2025. Founder and chief executive officer Jeremy NgDealroom has a profile for this one. Try Dealroom → said rising adoption is driving institutional demand for "compliant, trusted infrastructure" to move traditional assets on-chain.
What's the endgame? Beyond TBILL and USDO, OpenEden is building tokenized bond exposure, a multi-strategy yield token, and a set of structured offerings. The new capital funds those products and broader platform expansion.
What's the credibility play? In August, OpenEden appointed BNY MellonDealroom has a profile for this one. Try Dealroom → as custodian and investment manager for the Treasurys underlying TBILL. The fund carries investment-grade ratings from S&P GlobalDealroom has a profile for this one. Try Dealroom → and MoodyDealroom has a profile for this one. Try Dealroom →'s.
The backing from Ripple and institutional infrastructure players signals that real-world asset tokenization is drawing serious capital as the line between traditional finance and crypto keeps thinning.
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