OpenEden Labs aims to revolutionize the financial sector by integrating real-world assets into DeFi, unlocking trillions in value. Founded by former executives from Gemini APAC, Jeremy Ng and Eugene Ng, OpenEden's team is comprised of professionals with strong backgrounds from tier-1 financial institutions such as Goldman Sachs, Morgan Stanley, Deutsche Bank, and Barclays, as well as elite technology firms like BlockFi, Bybit, Binance, SEA, and Accenture. The company's flagship product, the Compounding Open Dollar (cUSDO), is a rebasing yield-bearing stablecoin issued by OpenEden Digital ("OED"), licensed by the Bermuda Monetary Authority. cUSDO is supported by secure, liquid reserves, predominantly made up of U.S. Treasury bills and reverse repurchase agreements. OpenEden also offers the TBILL Vault, a smart-contract vault that allows on-chain exposure to the U.S. risk-free rate through U.S. Treasury Bills. Investors can deposit USDC to mint TBILL tokens, gaining legal rights to redeem assets in the vault proportional to their holdings. The TBILL token, compliant with the EIP-20 standard, is managed by Hill Lights International under the British Virgin Island Securities and Invest...
OpenEden Labs aims to revolutionize the financial sector by integrating real-world assets into DeFi, unlocking trillions in value. Founded by former executives from Gemini APAC, Jeremy Ng and Eugene Ng, OpenEden's team is comprised of professionals with strong backgrounds from tier-1 financial institutions such as Goldman Sachs, Morgan Stanley, Deutsche Bank, and Barclays, as well as elite technology firms like BlockFi, Bybit, Binance, SEA, and Accenture. The company's flagship product, the Compounding Open Dollar (cUSDO), is a rebasing yield-bearing stablecoin issued by OpenEden Digital ("OED"), licensed by the Bermuda Monetary Authority. cUSDO is supported by secure, liquid reserves, predominantly made up of U.S. Treasury bills and reverse repurchase agreements. OpenEden also offers the TBILL Vault, a smart-contract vault that allows on-chain exposure to the U.S. risk-free rate through U.S. Treasury Bills. Investors can deposit USDC to mint TBILL tokens, gaining legal rights to redeem assets in the vault proportional to their holdings. The TBILL token, compliant with the EIP-20 standard, is managed by Hill Lights International under the British Virgin Island Securities and Investment Business Act 2010. The assets are held by OpenEden Cayman Limited, a special purpose vehicle, ensuring a secure structure. OpenEden Pte Ltd oversees portfolio management, regulated by the Monetary Authority of Singapore. TBILL tokens cater exclusively to Accredited Investors in both U.S. and non-U.S. jurisdictions, requiring KYC and AML compliance. Transfers of TBILL tokens are restricted to whitelisted wallets within the Accredited Investors community. A portion of the assets is maintained in USDC and fiat USD to assure liquidity. Through these offerings, OpenEden is constructing a bridge to a new financial ecosystem, adeptly combining the stability of traditional finance with the innovations of blockchain technology.
OpenEden is a pioneering project focused on bridging traditional financial assets with blockchain technology to unlock substantial value by bringing real-world assets on-chain. Founded by former executives from Gemini APAC and supported by a team from top-tier financial and tech institutions, OpenEden aims to revolutionize decentralized finance by integrating traditional finance's rigor with blockchain's potential.
The OpenEden TBILL Vault is a smart-contract vault that allows investors to gain direct on-chain exposure to U.S. Treasury Bills. Investors deposit USDC to mint TBILL tokens, which represent the Treasury Bill balances in the Vault and grant legal redemption rights. The process ensures asset security and regulatory compliance, making it a unique proposition for merging traditional and blockchain investment methods.
Investing in TBILL tokens offers exposure to the U.S. risk-free rate while leveraging blockchain's transparency and security. The tokens, backed by U.S. Treasury Bills, USDC, and fiat USD, provide legal rights to underlying assets. This approach offers investors a secure and regulatory-compliant way to explore decentralized finance, combining asset security with blockchain efficiency.
OpenEden stands out by tokenizing real-world assets (RWAs), specifically U.S. Treasury Bills, allowing them to be transacted on-chain. This creates a hybrid approach that combines traditional finance rigor with blockchain's innovative potential. With a team from top financial and tech institutions, OpenEden provides a secure and compliant investment environment, unlike many purely blockchain-based platforms.
To invest in TBILL tokens, individuals must be Accredited Investors, regardless of jurisdiction. These investors must complete necessary KYC and AML screenings as part of the subscription process. Furthermore, TBILL token transfers are restricted to whitelisted wallets of Accredited Investors, ensuring compliance and security throughout the investment process.
If investors encounter issues during the TBILL token subscription process, it's crucial to ensure all mandatory KYC and AML procedures are correctly followed. If problems persist, investors should contact OpenEden's support for assistance and guidance. Ensuring proper compliance is key for a seamless investment experience and access to OpenEden's tokenized real-world asset offerings.
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