OpenEden
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
OpenEden - overview
Established
2022
Location
-, -, British Virgin Islands
Primary Industry
Software
About
Established in 2022 by co-founders Jeremy Ng and Eugene Ng and based in British Virgin Islands, Adam Eve Capital Pte. Ltd. , doing business as OpenEden Pte. Ltd.
, provides a platform that integrates real-world assets with decentralized finance (DeFi) to users for sustainable yields. In September 2024, OpenEden raised venture funding from investor Binance Labs. OpenEden’s flagship product, the TBILL token, allows users to earn yields based on U. S.
Treasury securities. The tokenization process enables users to gain exposure to U. S. Treasury bonds.
The platform employs smart contracts to ensure transparent transactions and includes mechanisms for independent auditing and proof of reserves. In addition to the TBILL token, the product also features transparency measures, including daily net asset value (NAV) reports and independent audits, to ensure users can verify the security and performance of their investments. The company will use the September 2024 funding to support the increased use of real-world assets in DeFi.
Current Investors
YZi Labs, Ripple Labs Inc., Gate Ventures
Primary Industry
Software
Sub Industries
e-Financial, Internet, Accounting/Finance Software
Website
www.openeden.com
Verticals
Blockchain, Cloud Computing, FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.