@Ripple
's partnership further validates the
@OpenEden_Labs
platform we've meticulously developed over the past two years has met the requirements for strong regulatory compliance and innovative tech stack. Honored to receive this recognition, esp in today’s competitive mkt
1/ We are delighted to announce our tokenized US Treasury bills ($TBILL) are now supported on the XRP Ledger (XRPL)!
TBILL tokens are now accessible by our app by qualified XRPL users who are accredited and institutional investors, via stablecoins including the upcoming Ripple
Singapore turns 59 today. In 1967, its token launched at a TGE price of 1 USD = 3.06 SGD.
Many feared it would become a shitcoin, including the then-British high commissioner.
But we focused on (i) growing demand and (ii) over-collateralization.
Today, SGD is up 56% vs. USD📈
I'm excited to be speaking in Seoul 🇰🇷 next week with
@Ripple
's President,
@MonicaLongSF
!
If you're in Korea, come chat with me and the
@OpenEden_Labs
team about RWA, tokenization, and how we're thinking about mass adoption.
Thank you
@Polytrade_fin
for inviting me to the panel.
I particularly like the last qs asked - "What shall investors look out for when selecting across the tokenised treasury products out there?"
This is a very serious question.
The answer is RISK not RETURN. More below
Very happy to see the product we built is adding real value to our web3 communities.
@OpenEden_HQ
will continue to work hard in delivering greater and stronger solutions for you all!
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!
We achieved a 4x growth in our TVL in 4 months, thanks to the trust our clients have in the
@OpenEden_labs
team. Our Moody’s rating, commitment to regulatory compliance, and operating a licensed fund manager have been, and continue to be hard-won.
🏛️ Tokenized treasuries are 17% of the $10.9B+ in tokenized RWAs👀
@OurNetwork
recently published a great deep-dive. It highlights three ways
@OpenEden_Labs
' approach to tokenization differs, and how it matters to investors.
👉🏻 “A” Rating from Moody's
Even Coinbase’s bonds are
Success is a lousy teacher. It seduces smart people into thinking they can't lose. - Bill Gates
Always stay humble to avoid complacency but also keeping your head up when faced with adversity. There are always lessons to be learnt, be it winning or losing.
Today, I’m delighted to welcome
@BinanceLabs
as strategic investor into
@OpenEden_labs
!
The team has worked incredibly hard to build a regulated, institutional-grade product for crypto treasury managers at DAOs, and Web3 teams.
I can’t wait for what we’ll achieve together!
1/ We are delighted to announce
@BinanceLabs
strategic investment into
@OpenEden_Labs
!
The move marks Binance Labs’ first investment into the rapidly growing tokenized real-world assets, or “RWA” space.
Presently, OpenEden has just under $115 million in total value locked, or
Bank of America sees the tokenization of real-world assets, such as commodities, currencies and equities, as a “key driver of digital asset adoption.”
I couldn't agree more. Especially US Treasuries, a $24 Trillion market cap asset.
@openeden_hq
Tough markets all around & even major brokerages experience outages.
However
@OpenEden_Labs
TBILL vault continues to operate BAU, processing redemptions within hours (versus tradfi’s T+1 or 2). Being there for clients when they need us
Always obsessed with client satisfaction
Market now pricing in 64% chance of 25bp rate hike in June. 1 week ago that probability of rate hike was only 17%. Talk about how fickle the market is. We have to embrace for rates staying higher for longer.
Parking my stablecoins in $TBILL for 5.3% apy
@OpenEden_HQ
The US has never had a default. But we’ve seen this show before, many times. The debt ceiling has been increased 102 times since World War II.
Historically policymakers have come to a compromise to prevent an economic catastrophe. Yields are likely to fall post resolution
#DYOR
This is how blockchain democratise the financial system. Allowing the unbanked in emerging markets experiencing high inflation & currency depreciation to access USD assets digitally.
Kudos to
@Finblox
for bringing T-Bills Yields on-chain to the emerging markets!
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)
Couldn’t agree more. Stablecoin holders taking issuer risk and getting paid nothing is neither fair or sustainable.
Tokenised Money Market/T-Bills funds that’s structured with strong legal recourse and regulatory-compliance is the first step in right direction
@OpenEden_Labs
This is where the first level of adoption for
#RWAs
would happen. This is the obvious no brainier market.
The question is, who can provide access to high quality, stable assets, ones that people actually care about?
1/ We just crossed $100 million in TVL for our tokenized US Treasury Bills! 🥳
Only last month, we celebrated crossing $75 million in TVL.
As a Group, we’ve gone to great lengths to build a product that has earned the confidence of crypto treasury managers. This includes:
@Eug_Ng
150bp over AAA-rated US treasury yield for an uncollateralised loan to unrated borrower is simply the worst risk reward trade. For reference, current credit spread on BBB credit is ~130-150bp.
That's why we build $TBILL to help web3 firms access risk free yield on chain.
I spoke with Lynn Wang from
@beincrypto
on why our focus on regulatory compliance gives crypto treasury managers the confidence to earn risk-free yields on their working capital with
@OpenEden_Labs
' TBILLs. Compliance is an ongoing commitment to standards, not a mere trophy!
In real world, your idle cash sits in the bank getting paid almost zero interest and take bank risks. Money market fund is the solution.
In crypto world, your idle stables sits in cold storage getting paid zero yield and take depeg risks.
@OpenEden_Labs
$TBILL is the solution.
BREAKING: Odds of a 25 basis point rate hike in September more than double, to 21.5%, after Powell speech.
Odds of an additional rate hike this year just hit a 2-month high of 52.1%.
Rate CUTS are now NOT expected to begin until JUNE 2024.
The Fed wants 2% inflation and will
"Americans increasingly worry that their bank deposits aren't safe."
Yes their concerns are valid.
Why get paid 0.1% and take that credit risk while you can be paid 5% for AAA-rated credit.
$TBILL
@openeden_hq
@loomdart
That's why we need a stable token that not only generates truly risk-free yields but also full transparency on assets backing the token.
$TBILL by
@OpenEden_HQ
Token fully backed by US T-Bills with 5.2% APY & with full transparency on chain. 24/7 instant minting & redemption
Best performing tokenized U.S. Treasury product in terms of yield for the past 180 days.
The reason is simple:
@OpenEden_Labs
has built an end-to-end process from issuance to investment management. We truly believe that the future of RWA isn't stacking multiple layers of
Picture paints a thousand words.
I'm excited to do a live Demo on
@OpenEden_HQ
$TBILL Vault at
@HashKey_Capital
Demo Day on 14th June.
Come join us to learn more about how to earn US T-Bills Yield seamlessly and securely on-chain.
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 👇
Extremely grateful for the support and trust our clients and partners had shown
@OpenEden_Labs
.
A humble milestone but marks the start of an exciting journey toward something greater.
Join us as we venture into uncharted territory ahead. More to be unveiled!
1/ We just crossed $50 million in TVL for our tokenized US Treasury Bills 🥳
This achievement reflects the growing confidence in our approach to bringing yields from real-world assets (RWA) on-chain.
We're going to
@EthCC
[7]! Super pumped to be at what has been one of the best crypto conferences on our calendars.
DM if you want to meet👀We're eager to trade hot takes on RWA, tokenization, or how $TBILLs can be a source of on-chain yields in
#DeFi
🔥
See you there!
Total agreement with
@novogratz
Swap stablecoins for Tokenised t-bills.
@OpenEden_Labs
$TBILL, an erc20 token issued by a regulated fund & managed by tier-1 jurisdiction regulated fund manager. 5+% yield and hedge against depeg risk
Good afternoon! Our co-founders
@Eug_Ng
and
@jeremyng777
will be attending HK FinTech Week from 30th Oct to 3rd Nov.
If you are attending as well, do let us know! Happy to meet anyone interested in learning more about on-chain Treasury Management or RWA tokenisation in general.
@ApeGurus
@Eug_Ng
There are some great books on the history of the $SGD that honestly feel like a tokenomics guide for DAOs.
But I really liked this video on the early history of the SGD's launch:
13/ Others (Cont.)
Global credit rating agency Moody’s Ratings has issued an “A-bf” rating to Hill Lights International Limited, the entity responsible for issuing
@OpenEden_Labs
tokenized U.S. Treasury bills, TBILL.
I agree with my former employer. Inflation may be stickier than what market is pricing in.
Short duration treasuries allow investors to earn 5+ yield and flexibility to roll into new bills with higher yield if rates go higher.
#tbill
$TBILL
We are delighted to partner with
@Hex_Trust
, one of the leading custodians in the space today. This is a testimonial to our combined vision that every thing will eventually be tokenized and that RWAs on chain is just start getting started. LFG! 🔥
Security, Compliance and Transparency is
@OpenEden_Labs
's ethos. Excited working with like-minded
@RakkaRDigital
to bring RWA on-chain in the most regulatory-compliant and trusted manner.
Asset tokenization is reshaping finance, set to surge from $300B in 2023 to $10T by 2030. Our partnership with
@OpenEden_Labs
reinforces our commitment to security-first custodianship, opening avenues for institutional investors:
We have always said regulation is good for our industry. But one that's transparent and fair.
Using football(soccer) analogy, regulators are referees. They are there to ensure fair play and dish out yellow/red cards to bad actors. We need good referees.
US T-Bills are one of the most common cash mgmt instruments.
But until recently, Web3 corp treasuries and DAOs have not had access to those instruments on-chain. Esp not in a secure, regulatory-compliant structure - all in a seamless, enterprise-grade app.
We're changing that.
1/ We just crossed $75 million in TVL for our tokenized US Treasury Bills, making us Asia’s largest issuer! 🥳
This comes fast on the heels of our announcement celebrating our crossing $50 million in TVL, several weeks ago.
But that’s not all.
@s1pires
@OpenEden_Labs
@arbitrum
Looking forward to be off service to the Arbitrum communities and corporate treasuries offering risk free yield on-chain seamlessly and securely.
Enjoyed speaking with
@Suvajourno
from
@Bloomberg
on the growing institutional adoption of tokenized assets like $TBILL!
DeFi-native teams must build tokenized products with a robust, regulatory-compliant design that investors can trust, and institutions can participate in.
As Wall Street pulls ahead of crypto-native players in the field of tokenizing real-world assets, mainstream institutions face the question of whether to push on into the gray area of decentralized finance
We are proud to be the partner of choice for on-chain t-bill yield products.
It’s always in
@OpenEden_Labs
DNA to build the most secured, transparent and regulatory-compliant solutions for partners to build on top.
Looking forward to your successful launch
@OfframpXYZ
!
We're thrilled to announce our partnership with
@OpenEden_Labs
for our yield product, Offramp Earn.
Through this integration, you can now get exposure to U.S. Treasury Yields (currently at ~5% p.a.), with a minimum deposit of 1k USDC.
Let's dive in 👇
Thank you
@Bolt_Finance
for the shout out and recognising the unique construct of the $TBILL tokens that differentiates in offering 24/7 instant minting and credible institutional-grade legal structure.
1/ 🌐 OpenEden:
Next in our Treasury Bills 101 series, we are going to introduce OpenEden. They just closed their beta and launched the full product this week.
Dive in with us for a quick 101 on the product and stay till the end for some hidden alpha! (airdrops anyone?)
Thank you
@arbitrum
for your vote of confidence in allocating your treasury to our $TBILL product.
It speaks volume that we at
@OpenEden_Labs
have built a product that is regulatory-compliant, secured and trusted by many corporate treasuries.
1/ We're stoked to announce that
@arbitrum
DAO just voted to allocate 4M $ARB to mint
@OpenEden_Labs
' $TBILL tokens!
Once completed, the move will add ~$3.25 million to our TVL for our $TBILL tokens, which currently stands at ~$73.5 million, up ~200% in the past 3 weeks📈
Very insightful and informative. Really great report and a must-read for anyone interested to dive deep into the space of asset tokenisation. Thank you for the shout-out
@redstone_defi
@chaos_labs
📕 "RWA Report: The Deep Dive into 2023 Market" 📕
We're thrilled to co-publish with
@chaos_labs
the most comprehensive RWA market overview featuring 31 projects, which is the fruit of over 1 month of research 🧐
Here's a glimpse of what's inside🧵👇
@OpenEden_Labs
takes these questions seriously and has built its $TBILL product & platform with these issues foremost in mind, focusing on regulatory compliance, transparency and investor protection, to ensure that supported AAA-rated off-chain assets remain AAA-rated on-chain.
By raising the debt ceiling through January 2025, the deal avoids a catastrophic default that could have triggered a global recession and a credit downgrade for the country.
2/7
@WuBlockchain
There is option for on chain T-Bills too which provides real time transparencies on the collaterals on chain.
$TBILL
- instant settlement 24/7
- regulated fund as token issuer
- regulated fund manager managing pool of short-dated t-bills
- independent fund admin for NAV
🚨 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 ⤵️
Each time I return to Hong Kong 🇭🇰 I see more life coming back to the city. More people out the street, riding the MTR, at LKF, etc.
Reminds me of the Hong Kong I knew, when I lived here.
Encouraged to see the city recovering!
@OpenEden_Labs
strives to build a truly institutional-grade product that is regulatory-compliant, transparent and user-friendly UI/UX.
Honoured to be selected as a trusted partner for
@ZodiaCustody
offering institutions seamless access to US Treasury yields $tbill on-chain
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]
@0xKofi
Next is we need to bring risk-free yields for their stablecoins holdings. And I’m talking US Treasury Bills backed token $TBILL at 5.3% APY.
Not DEFI or CEFI lending which has huge counterparty risks (aka Blockfi, Celsius, Genesis etc)
@_ryandesouza
@OpenEden_Labs
We are in it the long game. It took time but it’s all gonna be worth it building a sustainable business that can scale enormously
@Eug_Ng
But it was also one of the best training ground to learn the skill of survival where nothing substitutes the virtue of hardwork and humility. It was a nice ride of 20years for me
Investors should not get caught up in the hype surrounding a product. Products that are AAA-rated may appear so on the surface but a little research can reveal red flags such as sub-par structuring, non-transparent yield mechanisms and other un-addressed risks.
Key questions:
Spoke with
@beincrypto
about how Japan's push to embrace crypto could help it gain "fintech hub" status alongside cities like Singapore.
There is a global race for capital and talent.
Those who do not learn to run alongside innovators, will quickly find themselves left behind!
@P23Sanjay
@Eug_Ng
Thank you! Investors often find it challenging to assess the risks associated with available tokenized products in the market. An independent and reliable authority providing their unbiased assessment can enhance transparency and foster greater trust in RWA space
🌟 Meet Jeremy Ng, Co-founder of
@OpenEden_Labs
!
@jeremyng777
's journey from traditional finance to the cryptocurrency industry reflects his dedication to bridging the gap between traditional and decentralized finance (DeFi).
🔊🔊Join us tomorrow (Tuesday 12 December) at 1pm UTC for our twitter space with
@OpenEden_Labs
co-founder
@jeremyng777
🔊🔊
🟠He will be chatting with and Swarm co-founder
@timolehes
on the risks of
#tokenization
and their experiences of bringing U.S.
#Tbills
on chain.
🟠Set
@kimchipump
@CampbellJAustin
Most don’t hence you need to find those truly institutional grade RWA vaults that shows you proper off chain independent audits and valuation calculation.
4. How much disclosure and transparency is there on T&Cs and risks of the product, the processes and controls that have been implemented as well as how asset values and holdings are accounted for.
@ciaobelindazhou
@rwa_xyz
Investors often find it challenging to assess the risks associated with available tokenized products in the market. By enlisting an independent and reliable authority to provide their unbiased assessment can enhance transparency and foster greater trust in RWA space :)
@RyanSAdams
@openeden_hq
has what you looking for:
-> First Tokenized RWA Vault ✅
-> 24/7 native on-chain settlement ✅
-> Bankruptcy-remote SPV✅
-> Direct exposure to T-Bills (not ETFs) ✅
-> Full transparency on underlying assets ✅
-> Both U.S. and non U.S. investors ✅
-> 5.34% APY ✅
Totally agree with Jobs that it’s a misconception thinking great ideas will automatically translate to great products.
It is the process of developing that idea into fruition that’s the magic.
All down to execution
@Parv_EP
Yes SEC has extra-territorial oversight authority. For example, the SEC can investigate and prosecute foreign companies that offer or sell securities to US investors, even if the foreign companies are not registered with the SEC.