1/🌐 We are pleased to announce the full launch of the TBILL Vault. With this comes significant improvements:
1. On-chain price oracle
2. Faster smart contract txn
3.
@Uniswap
widget
4. Security enhancements
5. Institutional-grade safeguards
6. Improved User Interface
An on-chain vault for real time transparency that isn’t possible with tradfi or most centralised business models.
Transparency sets the foundation for a trustless architecture.
.
@openeden_hq
is tokenizing US Treasury bills and has integrated
@Chainlink
Proof of Reserve 👀
Direct T-Bill exposure with 24/7 instant settlement on-chain, purchasable with stablecoins, providing ~5% yield
The RWA wave is growing
🚨 OpenEden comes out of stealth today with the first smart contract vault managed by a regulated financial institution to provide 24/7 access to U.S. T-Bills, on-chain. Learn more at and read our origin story as told by OpenEden co-founder,
@Eug_Ng
. ⤵️
Today, I'm happy to unveil
@OpenEden_HQ
, the first smart contract vault managed by a regulated financial institution to offer 24/7 direct access to US Treasuries.
Our on-chain vault is a natural product-market fit for crypto treasuries, DAOs, DeFi protocols and VC funds today.
The verdict is in from our
#Arbitrum
LTIPP Council Screening Period, and we're thrilled to announce that
#Revest
has secured unanimous approval! 🎉
Now, we're at the final hurdle - the snapshot vote. $ARB holders, your vote holds immense power in driving industry innovation. Use
1/ Today, we are pleased to announce a strategic integration between
@OpenEden_Labs
and
@Arbitrum
. This marks a synergistic alliance between the first T-Bill vault built natively on-chain and the largest Layer 2 ecosystem on Ethereum.
TradFi money market rates ⇆ Arbitrum
We’re excited to announce that the OpenEden TBILL Vault has exceeded $10 million in
#TVL
!
This wouldn't have been possible without the support of our users. Thank you! 🙌🏽
And this is just the beginning – stay tuned as we add more
#DeFi
composability for $TBILL tokens.
🧵 1/6
🤝 We are delighted to announce that
@UXDProtocol
is diversifying its insurance fund with the OpenEden TBILL Vault!
As a collateralised decentralised stablecoin, UXD's allocation into RWAs like $TBILL underpins our common beliefs in transparency, instant settlement, and DeFi.
UXD Protocol has invested 5m USDC from the insurance fund into
@OpenEden_HQ
!
OpenEden is the first smart contract vault managed by a regulated entity to offer 24/7 access to U.S. Treasury Bills. The interest earned from the pool will be used to buyback $UXP tokens!
Holding $TBILL token is akin to holding cash and earning 5+% today.
-> if USDC declines, $TBILL price goes up
-> if USDC cannot be redeemed, one can withdraw in other assets like $BTC
-> Counterparty is the US govt (~99% with unutilized USDC in vault)
"The yield on cash, bonds, and equities is the same for the first time ever."
Web2 or crypto, it's never been more compelling for anyone to be holding T-bills (cash) today.
Tokenizing financial and real-world assets could be the "killer use-case" that blockchain needs to drive a breakthrough, with trillions of dollars worth of securities tokenized by the end of the decade.
The suits are already forecasting the next defi summer super cycle. LFG 🚀
RWAs isn’t a 1 week old narrative, it is a multi generational long term trend that will bring a paradigm shift to traditional finance because this is the future of finance.
EXCITING NEWS (a thread) 🚀
Finblox is working on unleashing a Trillion Dollar Market with the launch of Tokenized Rights to US T-Bills in Partnership with OpenEden🧾🧵 (1/6)
Only $1.2B in RWAs today.
We are still so early. There are trillions of dollars we can disrupt and bring them on chain. Let $TBILL tokens pave the way for the future of finance in tokenization.
Real world assets (RWAs) are gaining traction in
#DeFi
. According to defillama, the total value locked (TVL) in RWA protocols is now over $1.2 billion. This represents a significant increase from just a few months ago.
4/🔒 Security enhancements
We have implemented an independent third-party multisig and on-chain circuit breakers, along with a comprehensive second smart contract audit by Hacken, which underscores our commitment to security.
View the audit report:
Potential new narrative slowly warming up: RWA (Real World Assets).
Here are some coins that I think will have a chance:
$XVS
$Polyx
$TRU
$ENJ
$PERL
$RIO
$RSR
Feel free to drop any coins that I haven't mentioned, down in the comments.
OpenEden co-founder
@Eug_Ng
was at
@iotex_io
R3AL WORLD at
#EthCC
, talking about the outlook for real-world assets.
Catch the live stream:
And if you're in 🇫🇷, then come give
@Eug_Ng
a GM!
3/ 🚀 Growth of tokenization platforms and infrastructure
RWA tokenization is expected to be a $16 trillion business opportunity by 2030.
The Total Active Loans Value has grown by ~87.4% since the start of 2023, reaching an estimated $476 million, with an average APR of 11.96%.
Over the past week post
@OpenEden_HQ
's announcement, we have received numerous inbound interest from
1. DAOs
2. Crypto funds
3. DeFi protocols
4. Whales
And today I just got pinged from one of the largest central banks that they are interested.
Build and they come.
1/
@OpenEden_Labs
has been selected by
@ZodiaCustody
, a regulated custodian backed by Standard Chartered Bank, to enable their institutional clientele to access U.S. T-BILL backed yield products…
We are excited to announce our strategic partnership with
@WSPNpayment
, a FinCen-registered MBS licensed fintech platform in building a compliance-first $WUSD stablecoin. 🚀
🚀Exciting Announcement! 🌐WSPN is thrilled to announce a dynamic collaboration with
@OpenEden_Labs
! 🤝 Joining forces to drive innovation, this partnership is crafting on-chain products integrating WSPN’s flagship USD stablecoin,
#WUSD
, into the DeFi ecosystem. 📈
#DeFi
Now
#hiring
:
🔹
#Web3
Frontend Engineer
🔹 Senior
#DevOps
Engineer/Backend Developer
🔹
#BusinessDevelopment
Analyst/Associate
If you're interested in working on
#DeFi
and tokenisation of real-world assets, then apply now ⤵️
Good afternoon, our co-founder
@Eug_Ng
will be speaking at
@coingecko
Virtual Meetup
#28
.
Come and join us as he will be sharing key insights on The RWA Roundup!
Sign up here:
#COINGECKOMEETUP
"Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.” – Albert Einstein
Now imagine compounding with $TBILL tokens.
ICYMI: For transparency, our monthly net asset value and attestation reports are now available! 👀
To view, login to , scroll down, click the “Report” tab, and open any report.
4/10: Transparency at Its Finest! 💎🔍
@OpenEden_HQ
believes in transparency and accountability.
An independent third-party fund administrator provides monthly reports, ensuring you have a clear view of your investment's net assets.
Your trust matters.
✨ Research Insights ✨
The U.S. debt ceiling bill has passed, and the Treasury can now meet its payment obligations. What are the implications for markets?
🧵 1/7
Today, we've got..
Streaming taxis in the form of Uber
Streaming music in the form of Spotify
Streaming videos in the form of YouTube
Streaming data in the form of Internet
This is why we build OpenEden to stream risk-free rate 24/7 in the form of $TBILL tokens.
1/ Thanks for featuring us
@DigFinGroup
in your latest article.
Tokenisation of Tbills brings the benefits of DeFi to the traditional asset:
1. Borderless access to Tbills
2. DeFi composability/utility
3. Smart contract automation
Imagine holding USD yield bearing real world assets that’s on chain that moves at the speed of Internet.
DeFi could be the decentralised bank the 🌎 needed.
Big thanks to
@thedailygwei
for featuring us on your show, Refuel. 🙌🏽
Like you, we believe that
#RWAs
will be the next big thing for
#DeFi
.
Here is a 60-second TL;DR of what was covered.
The latest
@thedailygwei
Refuel is ready for your consumption! ⛽️
Today's topics:
- EIP-4844 updates 🌊
- OpenEden unveiled 👍
- Euler funds returned 😍
- and much more
Watch 👇
Great thread by
@0xTindorr
Most innovation in RWA today are simply made accessible with stables but creating more intermediaries & layers of “risks” that are not obvious
The major missing piece would be the underlying tech architecture that most ignore. This is where we shine.
Real World Assets (RWA) moved from the 13th to the 10th largest sector in just 2 months.
I expect RWA to break into the top 6 in DeFi within the next year, bridging the gap between CeFi & DeFi.
A 🧵 on the state of RWA sector, areas to keep an eye for, and full potential of RWA
3/ What does OpenEden bring to Arbitrum?
- First tokenized T-Bills natively deployed on Arbitrum.
- Native access to tokenized RWAs for idle stablecoins on Arbitrum.
- Interoperable use cases of RWA tokens.
@riverapp
@Polytrade_fin
- Global reach and accessibility
$GOLD 🔻 0.67%
$DJIA 🔻 0.68%
$BTC 🔻 4.16%
$ETH 🔻 6.59%
#Stablecoin
de-pegging 😱
And $TBILL tokenized U.S. Treasuries is yielding 5.19%, with interest rates set to go higher. 📈
Two words: capital preservation.
Join our OpenEden Co-founders Jeremy Ng (
@jeremyng777
) and Eugene Ng (
@Eug_Ng
) at Token2049 next week to discuss all things related to RWA and tokenisation!
Feel free to reach out to arrange a meeting in Dubai. See you there!
#OpenEden
#Token2049
#RWA
#tokenisation
Like every old school letter being sent as an email today, every RWA will be on-chain eventually.
We are in that perfect storm of rising interest rates, global chokepoint 2.0 (US crypto banks shutdown) and unsustainable defi yields.
neofinace is the finance done with RWAs.
RWAs (Real World Assets) are traditional finance assets that have been tokenized onchain.
The future of all finance is onchain, and long term neofinance will grown much larger than defi.
1/ We're proud to announce our partnership with
@elliptic
, the global leader in crypto asset risk management.
Here's how we are working together to ensure compliant access to $TBILL. 🧵
We're pleased to announce that Elliptic has been selected by OpenEden as a partner for the TBILL protocol, the world’s first smart contract vault to offer 24/7 access to US Treasury Bills.
Join our co-founder Jeremy Ng (
@jeremyng777
) at Token2049 Dubai this week as he speaks on panels with other distinguished industry leaders, discussing RWAs and the potential of tokenisation! Catch him at RWA Unwind hosted by Polytrade and the Token2049 Main Event.
Great website to track everything about RWA protocols on DeFi.
Whether is it private debt to listed securities, RWAs on DeFi is going to be the next 100x in Web3.
1/ Introducing the RWA Directory!
As the narrative for on-chain real-world assets grows, so does the number of teams working in the space
The Directory is the one place where you can browse, search, and contact every RWA-focused team
More info and link below 👇
Best & Worse Crypto Sectors - YTD
Best: AI (60%), RWAs (53%)
Worst: Parallel EVM (-46%), Privacy (-28%)
Insight: 4/5 of the best sectors = shiny/new
Index = basket of top 3 largest alts by MC.
Thrilled to announce that OpenEden has been selected as the Zodia’s Gateway Marketplace’s integrated on-chain tokenised RWA partner.
We're honoured to partner with Zodia, a leading regulated bank-backed custodian, in enabling institutional grade access to tokenised US T-Bills.
Introducing Zodia Custody Gateway: Functionality at your fingertips
Exciting news! Meet Zodia Gateway - your access point to seamlessly integrated third-party services within Zodia wallets.
[1/3]
RWA tokens are the next big thing.
Put simply - real world assets are tokenized and brought to the blockchain as a source of yield within DeFi.
In conventional markets, assets dominate lending and yield generation activities, but are yet to be fully explored in DeFi.
For
OpenEden Labs is pleased to partner wirh
@ZodiaCustody
to bring Treasury yields on-chain for their institutional client base.
We strive to be the partner of choice for RWA yield that includes exchanges, custodians, wallets and DeFi protocols.
“Tokenizing real-world assets allows DeFi to tap into some of the largest financial markets. These are colossal markets to which tokenization can bring enhanced liquidity and new investors.”
We thought we saw size in the last DeFi summer. Wait till you see the next bull run.
How should CFOs and DAOs manage their crypto treasuries?
Our friends at
@RequestFinance
have put together this handy guide to help with that, with contributions from OpenEden co-founder,
@Eug_Ng
, and other industry experts. ⤵️
✨ PRODUCT UPDATE ✨
Our monthly net asset value and attestation reports are now available!
To view, login to , scroll down, click the “Report” tab, and open any report.
Please note that you must complete the onboarding process to view these reports.
“This partnership centers on the adoption of the $TBILL token, a beacon of regulatory compliance, transparency, and legal robustness within the blockchain industry; it's a step towards a future where digital finance is accessible to all.”
🚨 FLASH: The compromise bill to raise the U.S. debt ceiling has passed its first major test in the House Rules Committee.
Read more ➡️
Additional context ⤵️
@wasgiventhatday
@OndoFinance
Hi,
@wasgiventhatday
! In our case, redemptions are not processed EOD daily but 24/7, subject to the utilisation rate. And our yield isn't fixed, it will depend on the portfolio composition.
Big thank you to
@baklavaspace
@Keith8Yong
for hosting OpenEden co-founder
@Eug_Ng
on Twitter Spaces! 🙌🏽
Catch the replay to learn how the first smart contract vault for U.S. Treasury Bills is bringing new cash management options to
#DAO
treasuries and
#crypto
funds.
Finance is about to get a new engine.
so many amazing
#RWA
projects being built..
I look forward to sharing what I’m seeing at
@EthereumDenver
and
@stable_summit
in late Feb!
Amazing turnout at the RWA brunch organized with our friends
@centrifuge
@rwa_xyz
@OpenEden_Labs
!
Great crew in Singapore discussing regulation and tokenization of real-world assets
Digital dollars in crypto is what fuel is for cars.
USDC, USDT and others laid the path for dollars to move at internet-speed.
The next step is to bring RWAs on chain to move instaneously all the time 24/7.
Hong Kong Successfully Offered Inaugural $100M Tokenized Green Bond
Tokenized securities will likely be more disruptive on a global basis than $BTC itself. 🔥
BREAKING: Senate passes debt ceiling bill 63-36, sending it to President Biden's desk.
The U.S. debt limit will now be suspended until January 2025, ending a tense several weeks in Washington.
National Australia Bank said it has made history as the first major financial institution to complete an intra-bank cross-border transaction on a public blockchain using its own NAB-issued stablecoin.
RWAs just became a lot more real.
Thrilled to be recognized and included in the RWA landscape map by
@redstone_defi
.
A big thank you to the team for acknowledging our efforts and contributions to the space!
RWA's TVL has surpassed $1B 🔥
Last month, we shared the RWA Report, which delved into the 2023 market. Today, we're taking a closer look at RWA with its landscape map.
Ready to dive into this explosive growth?
Here are the projects you need to know 🧵
This is a $16.1 trillion dollar opportunity by 2030. Even from that estimate, we think it’s underestimating the true potential market size because literally every thing from culture to securities will be tokenized.
RWAs is just getting started. There are many still doubting if it’s going to take off.
Battle-tested DeFi protocols like Compound, Aave and many others continue to be running 24/7 despite
Luna’s UST
3AC
FTX
SVB
The future has never been brighter for tokenized RWAs today.
Last week, our cofounder
@jeremyng777
was speaking at
@Ripple
’s Swell conference on “Bringing Financial Markets On-Chain Through Tokenization”.
What’s even more interesting is that both opening and ending speech from
@MonicaLongSF
@bgarlinghouse
highlighted asset tokenization.
Real-world assets will revolutionize traditional finance, expecting to grow in trillions of capitalization.
Asset tokenization could in fact bring endless liquidity bridging TradFi and DeFi.
Here is my guide to RWA + the projects I'm taking a look at.
🧵👇1/21
📣 OpenEden co-founder
@jeremyng777
will be live at
@HashKey_Capital
's Demo Day in one hour!
Join us to see how easy it is to mint $TBILL tokens instantly on the OpenEden TBILL Vault. Catch you soon!
Introducing our exciting new series of virtual event - HashKey Demo Day to further boost collaboration and partnership within HashKey ecosystem!
👽 11 HashKey portfolios are invited to showcase featured products and solutions.
⏰8:30PM 6/14 SGT
Stay tuned & Scan to join 👇
💰💪
@MakerDAO
defies the bear market with $19M in profit!
Despite a 42% hit to their top line, they stay in the black with their RWA strategy 💰💪
#DeFi
#MakerDAO