OpenEden bridges TradFi and DeFi by tokenizing U.S. Treasury Bills (T-Bills).

It offers ~5% APY through a secure on-chain infrastructure.

Also: the first DeFi protocol rated by Moody’s.

Let’s break it all down 🧵👇🏼

→ About @OpenEden_X

Open Eden is a platform that turns real-world assets — mainly short-term U.S. T-Bills — into yield tokens like $TBILL and $USDO.

Its goal is to bring “risk-free” yield into DeFi and make it accessible 24/7.

Farcaster OG | Building /nodes-dk | Any of my casts are not financial advices

→ Funding 

Open Eden has secured $5M from YZi Labs (Prev. Binance Labs), UXD Protocol!

Additionally, in August 2024, Ripple invested $10 million in OpenEden’s tokenized Treasury bonds.

→ Product #1 — $TBILL

$TBILL is a token backed by a pool of real U.S. Treasury bills.

▸ Average yield: ~4.8–5.2%.
▸ Backed exclusively by real bonds
▸ Operates via smart contracts, with no intermediaries involved

It is essentially a money market fund — but crypto-native.

➤ How TBILL works:

▸ Deposit USDC → receive TBILL
▸ Interest accrues through price appreciation
▸ Redeem at any time to receive your principal plus yield

Straightforward and clean — kinda like BlackRock, but running on Ethereum.

→ Product #2 — USDO

This is a new stablecoin backed by TBILL, but with a twist: it’s yield-bearing.

▸ 1 USDO = $1
▸ Yield accrues via cUSDO
▸ Fully regulated (Bermuda-based)

→ How users generate yield via OpenEden

Here's how the user flow works:

▸ Deposit USDC → receive TBILL, backed by short-term U.S. Treasuries
▸ TBILL appreciates as interest accrues
▸ Optionally wrap into cUSDO to auto-accrue yield via rising token price

→ OpenEden Is More Than a Startup

It’s building an institutional-grade infrastructure layer for RWA on-chain, including:

▸ Licensed fund structure
▸ Regulated custodians & prime brokers
▸ Audited smart contract vaults
▸ User-friendly investor dApp
▸ Strategic partnerships

➤ Licensed fund structure

OpenEden operates through a BVI-registered Professional Fund.

Asset management is handled by an entity licensed by the Monetary Authority of Singapore.

This setup ensures regulatory compliance and auditable capital flows — a rare standard in DeFi.

➤ Custodians & prime brokers

Assets backing TBILL and USDO are held by regulated custodians like Zodia Custody, with prime brokerage partners involved in execution and safekeeping.

Off-chain storage and MPC-style security help reduce counterparty and custody risk.

➤ Audited smart contract vaults

User deposits are handled via audited smart contracts that mint TBILL, redeem USDC, and reflect NAV updates in real-time.

▸ Chainlink oracles track market prices
▸ Multisig governance ensures secure control

➤ dApp for investors

OpenEden offers a simple interface to mint, redeem, and monitor TBILL positions.

▸ Available on Ethereum, Arbitrum
▸ Supports KYC onboarding
▸ Full asset breakdown + NAV tracking

Designed for both institutions and on-chain power users.

➤ Strategic partnerships

This infrastructure is already supported by key players:

 ▸ Arbitrum DAO allocated $4M into TBILL
 ▸ Ripple integrated TBILL on XRP Ledger ($10M initiative)
 ▸ Binance Labs participated in early-stage funding

→ The team

▸ Jeremy Ng — CEO, ex-Gemini, ex-Deutsche Bank
▸ Wayne Tan — General Counsel, ex-Sygnum Bank
▸ Duke Du — CTO, ex-Bybit
▸ Amandis Dhillon — Product Lead, ex-Gemini

OpenEden is led by a team that understands regulation, liquidity, and long-term infrastructure — not just crypto narratives.

→ TL;DR

OpenEden is a regulated, institution-ready RWA infrastructure unlocking secure U.S. yield in DeFi.

If you’re looking for:
▸ Yield on USDC
▸ Full transparency
▸ On-chain access
▸ Institutional-grade regulation

OpenEden is one of the strongest RWA plays in crypto!