OpenEden
On-chain AUM$11.721b
Platform totals
Live assets5
Chains7
Est. annual revenue$35.16m
DeFi TVL$21.18m
DeFi TVL / AUM0.18%
Confirmed attestations5 / 5
Primary accessPermissionless (3)
Totals for filtered assets
5
$73.27m
$275.03m
$21.18m
3
| Name | Asset Group | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 OpenEden T-BillsTBILL | Bonds | $1.15 | $34.94m | $236.69m | $15.37m | 43.99% | OpenEden | Bond & MMF Funds | T-Bills | Permissioned | Asset | RWA | Treasury Bills Institutional Liquidity Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||
 OpenEden OpenDollarUSDO | Bonds | $0.99 | $18.62m | $18.62m | $800,246 | 4.3% | OpenEden | RWA Stablecoins | Yield RWA Stable | Permissionless | Asset | RWA | OpenEden Digital (OpenEden) | Yes | Yes | Yes | Yes | Yes | ||||
 OpenEden Compounding Open DollarcUSDO | Bonds | $1.05 | $15.21m | $15.21m | $1.2m | 7.88% | OpenEden | RWA Wrappers, RWA Stablecoins | Stable Yield Wrapper | Permissionless | Wrapper | Programmable Finance | OpenEden Digital Limited | Yes | Yes | Yes | Yes | Yes | ||||
 Tokenized BNY Mellon Global Short-Dated High Yield Bond FundHYBOND | Bonds | $1.75 | $4.47m | $4.48m | $3.81m | 85.15% | OpenEden | Bond & MMF Funds | Corp Bond Fund | Permissioned | Asset | RWA | OpenEden Digital Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||
 OpenEden PRISM (Portfolio of Risk-adjusted Investment Strategy Mix)PRISM | Multi-Asset RWA | $0.99 | $32,388 | $32,388 | $5,208 | 16.08% | OpenEden | RWA Wrappers, RWA Stablecoins | Active Vault | Permissionless | Wrapper | Programmable Finance | OpenEden Digital Limited | Yes | Yes | Yes | Yes | Yes |
About OpenEden
OpenEden is a blockchain-based platform providing infrastructure for tokenization and on-chain financial services. It enables users to access and trade diverse digital assets through decentralized protocols.
Profile
- Founded
- 2022
- Headquarters
- Singapore, Singapore
- Primary chain
- Ethereum
- Parent platform
- OpenEden
- Issuer
- Treasury Bills Institutional Liquidity Limited
Economics & revenue
Holder total fee30 bps
Asset manager take30 bps
Tokenization platform take0 bps
Performance fee0%
Mint fee5 bps
Redemption fee5 bps
Underlying fund expense30 bps
Float incomeNo
Revenue confidenceIssuer-Disclosed
Fees last verified2026-07-09
Attestations & milestones
- Attestation frequency
- Daily + Monthly
- Last attestation
- Daily NAV + monthly attestation (NAV Consulting / Chaos Labs)
- 2026-04HYBOND launched tokenizing a BNY Investments short dated high yield bond strategy
- 2025-10S and P assigns AA+f S1+ rating to the TBILL fund
- 2025-08BNY appointed investment manager and custodian
- 2025-02USDO regulated yield bearing stablecoin launched
- 2024-06Moody s A-bf rating, the first for a tokenized Treasury fund
- 2023-04TBILL Vault launches
Revenue methodology & documents
Revenue model: Management Fee
Current docs show a 30 bps total expense ratio accrued daily plus a 5 bps transaction fee on both subscription and redemption paid in USDC. USDO adds a stablecoin margin business where OpenEden Digital keeps part of the reserve yield spread.
Issuer registry, regulation & leadership
Founders and leadership
Jeremy Ng — Founder, CEO Eugene Ng — Co-Founder
Issuer registry
OpenEden Labs (Singapore; MAS-regulated under regulated digital-asset framework). Issues TBILL (T-Bill-backed tokenized yield) and USDO (yield-bearing USD stablecoin). Founded 2023 by Jeremy Ng and Eugene Ng (formerly Gemini). Backed by Bo Hines investments, RockawayX, Tribe Capital. Rated investment-grade by Moody's.
Regulatory status
TBILL is issued by Hill Lights International Limited, a BVI professional fund regulated by the BVI Financial Services Commission, with BNY Mellon Investment Management Singapore as MAS regulated investment manager and BNY as custodian. Affiliate OpenEden Digital holds a Bermuda Class F Digital Asset Business licence and issues USDO. The TBILL fund carries an S and P AA+f rating and earlier received Moody s first tokenized fund A-bf rating.
Entity structure
OpenEden Group is the Singapore headquartered parent. TBILL is issued by BVI fund Hill Lights International Limited with technology by River Labs Pte Ltd. OpenEden Digital in Bermuda issues USDO. Administration, audit, and management are outsourced to Protege Fund Services, TJ Assurance Partners, and BNY IM.