OpenEden

OpenEden

Smart contract T-Bills vault

About OpenEden

Founded

2022

Address

Singapore

Community

OpenEden is a smart contract vault managed by a regulated entity to offer 24/7 and direct access to U.S. Treasury Bills. The OpenEden TBILL Vault is a liquid on-chain pool that brings real-world assets into Web3, allowing holders of stablecoins to benefit from sustainable yields. As the first smart contract vault made for U.S. Treasury Bills (“T-Bills”), the OpenEden TBILL Vault provides investors with direct exposure to a pool of short-dated T-Bills via OpenEden's TBILL token, which is backed 1:1 by the T-Bills, as well as USD Coin (“USDC”) and U.S. dollar (“USD”) reserves. TBILL investors will receive a return on their capital that reflects the returns provided by the underlying T-Bills held in a bankruptcy-remote special purpose vehicle.

Team Members

Jeremy Ng
Jeremy NgCo-Founder
duke du
duke duChief Technology Officer
Wayne TAN
Wayne TANGeneral Counsel
Amandis Dhillon
Amandis DhillonProduct Manager

Investors

YZi LabsYZi Labs

Fundrasing details

Funding RoundAmountValuation
Date
Investors
Strategic
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2024-09-11
YZi LabsYZi Labs