CandleFocus

Binance Labs’ Recent Investment: What is OpenEden?

Binance Labs, the venture capital arm of Binance, has announced an investment in OpenEden, a platform focused on tokenizing real-world assets. OpenEden offers a multi-faceted platform that includes a licensed fund management company and tokenization technology. Its flagship product is the tokenized U.S. T-Bill Fund, which has received an "A" rating from Moody's. OpenEden aims to bring real-world assets into the decentralized finance (DeFi) space, allowing investors to generate yield on their investments. With funding from Binance Labs, OpenEden plans to expand its offerings and partnerships within the DeFi ecosystem. It recently launched the TBILL Vault on the Arbitrum network and has achieved over $100 million in Total Value Locked for its TBILL tokens.

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