OpenEden
EDENA regulated RWA tokenization platform bringing US Treasuries on-chain
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.08% | 3.69% | 17.66% | 25.33% | 8.84% | 5.47% |
Revenue & Burn
Protocol income
$21.82KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $21.82K | -- | -- | -- |
| Oct 2026 | $78.77K | -- | -- | -- |
| Sep 2026 | $73.05K | -- | -- | -- |
| Aug 2026 | $79.36K | -- | -- | -- |
| Jul 2026 | $34.42K | -- | -- | -- |
| Jun 2026 | $28.56K | -- | -- | -- |
Comparison
Tokenomics
Unlock Progress
Data source: CoinMarketCap
EDEN is the native utility and governance token of the OpenEden ecosystem; staking yields auto-compounding xEDEN and governance participation, and holders enjoy fee discounts and priority access to new RWA products; part of protocol fees or treasury yields are used for open-market buybacks to create deflationary pressure.
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x9adc...82a5 |   EDEN | 240,711,401.96 | 24.07% | $11.06M |
| 0x6fe7...bb78 | EDEN | 210,000,000 | 21% | $9.65M |
| 0x80d9...7985 | EDEN | 117,730,025.18 | 11.77% | $5.41M |
Follow Updates
Follow Lists
People
About OpenEden
OpenEden is an RWA platform that brings short-dated U.S. Treasuries onchain; its flagship TBILL is issued by a BVI-registered professional fund, with assets held by BNY as custodian and NAV calculated by an independent administrator, so the token represents a beneficial interest in fund shares rather than a claim on the issuer. Users subscribe with USDC, redemption settles at T+1, and the token works as collateral or margin in DeFi.
The line also includes USDO and its wrapped version cUSDO: a yield-bearing stablecoin issued by a Bermuda-licensed entity, fully reserved in tokenised Treasuries, kept at a one-dollar peg through rebalancing with Treasury interest accruing into its value. EDEN carries governance and incentives, with staking producing xEDEN for parameter votes. Clients are mainly DAO treasuries, Web3 corporate finance teams and crypto funds; unlike centralised yield products, shares move onchain and reserves can be checked at any time.
OpenEden completed a strategic financing round backed by Ripple and Lightspeed Faction, strengthening its RWA infrastructure.
Its TBILL fund earned an AA+ rating from S&P Global, enhancing institutional credibility. The platform launched cUSDO, a yield-bearing stablecoin on Solana fully backed by tokenized U.S. Treasuries. Team and advisor token lock-ups were extended by nine months, signaling sustained commitment.
Buyback: A first governance proposal approved spending 30,000 USDC to repurchase EDEN on the open market, though recurring buybacks and burns remain listed only as potential future uses in the official docs.
Revenue and unlocks: Second-quarter revenue totalled $431,000, of which $292,000 came from underlying Treasury yields and just $39,600 from management fees; in March the team and adviser vesting was extended by nine months, leaving no unlocks before January 2027 and about 58% of supply still vesting.
In 2026 OpenEden carried its tokenised Treasury playbook into credit and corporate bonds. In January it launched the PRISM multi-strategy yield portfolio with FalconX and Monarq; on 10 February it partnered with Doppler Finance to bring USDO and TBILL into native XRP Ledger yield structures for XRP and RLUSD holders; and on 1 April it launched HYBOND, the first tokenised product linked to BNY Investments' global short-dated high yield bond strategy, starting on Ethereum and expanding to XRP Ledger and BNB Smart Chain.
HYBOND went live on BNB Chain on 17 September with RedStone providing onchain net asset value feeds. EDEN listed on Upbit in Korea on 10 August and rose about 78 per cent on 14 August. On 28 September the BNY-managed TBILL fund opened for spot trading on EX.IO, an SFC-licensed Hong Kong exchange, and on 17 October Nasdaq-listed Evernorth named OpenEden a tokenised Treasury partner in its XRP treasury strategy.
Future strategy and roadmap: Beyond Treasuries and corporate bonds, OpenEden is launching more credit-type RWA products under the Credit-First strategy it set out in 2026, and deepening distribution of TBILL and HYBOND across XRPL and BNB Chain. Relying on BNY custody and an S&P AA+ rating to win institutional capital, it is advancing xEDEN utility and community governance to extend compliant tokenized fixed income from US Treasuries to a broader on-chain credit curve.
Jeremy Ng — Founder & CEO; CFA charterholder, former Managing Director and Head of APAC at Gemini and CEO for Asia at Leonteq, with earlier roles at Goldman Sachs, Morgan Stanley and Deutsche Bank.
Duke Du — Co-founder & CTO.
Wayne Tan — General Counsel; joined in 2024, previously head of legal at Sygnum Bank Singapore.
Co-founder Eugene Ng left the company in 2024.
OpenEden applies a 0.35% annual total expense ratio to the TBILL vault, accrued daily and covering T-Bill portfolio management, rollovers and audit costs.
OpenEden levies a 5 bps transaction fee on TBILL subscriptions and redemptions, computed on-chain in USDC and paid into the investment manager's address.
OpenEden Digital holds a Bermuda Monetary Authority Class F Digital Asset Business licence (No. 202403468) to issue and redeem digital assets such as USDO. Its TBILL fund is a BVI Financial Services Commission regulated professional fund under the Securities and Investment Business Act 2010.