Binance Labs, the venture capital and incubation arm of Binance, has announced an investment in OpenEden, a startup focused on building a bridge to a new financial system through its real-world asset (“RWA”) tokenization platform.
OpenEden, as a group, consists of a Monetary Authority of Singapore-licensed fund management company and a full-stack tokenization technology company. OpenEden's tokenized U.S. Treasury Bond Fund (“TBILL”) is the first and only tokenized Treasury Bond product to receive an “A” rating from Moody's and is the largest of its kind outside the United States.
“Binance Labs provides unwavering support to projects that unlock the next wave of opportunities in Web3 through meaningful and sustainable technologies. We believe OpenEden is well-positioned to capitalize on the growing adoption of stablecoins and RWAs, and we are excited to join them on this journey,” said Andy Chang, Chief Investment Officer at Binance Labs.
*This is not investment advice.