Binance Labs, the venture capital and incubation arm of Binance, has announced an investment in OpenEden, a startup focused on building a bridge to a new financial system through its real-world asset tokenization platform.
Binance Labs' Investment in OpenEden
Binance Labs has announced its plans to invest in OpenEden, a startup specialized in creating a bridge to a new financial system through its real-world asset tokenization platform.
About OpenEden
OpenEden consists of a Monetary Authority of Singapore-licensed fund management company and a full-stack tokenization technology company. OpenEden's tokenized U.S. Treasury Bond Fund (TBILL) is the first and only tokenized Treasury Bond product to receive an 'A' rating from Moody's and is the largest of its kind outside the United States.
Binance Labs' Perspective
Andy Chang, Chief Investment Officer at Binance Labs, stated: 'Binance Labs provides unwavering support to projects that unlock the next wave of opportunities in Web3 through meaningful and sustainable technologies. We believe OpenEden is well-positioned to capitalize on the growing adoption of stablecoins and RWAs, and we are excited to join them on this journey.'
This investment signifies the growing confidence of leading market players in the potential of real-world asset tokenization and sustainable Web3 technologies.
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