Binance Labs Announces Investment in RWA Tokenization Platform OpenEden
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September 12, 2024
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Binance Labs Invests in OpenEden, a Platform for Tokenizing Real-World Assets
According to ChainCatcher, Binance Labs, the venture capital and incubation arm of Binance, has invested in OpenEden, a platform focused on building a bridge to a new financial system through tokenized real-world assets (RWAs).
Last month, OpenEden announced that its total value locked (TVL) for tokenized TBILLs had surpassed $100 million. The platform allows KYC-verified investors, DAOs, and crypto fund managers to connect self-custodial wallets and mint TBILL tokens, enabling them to earn stablecoin yields on idle operating funds.
Currently, OpenEden has attracted over 100 institutional clients.
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