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BCH $227.08 -8.57%
LINK $11.53 -2.05%
HYPE $80.19 -3.44%
AAVE $123.10 -0.72%
SUI $0.7411 -3.22%
XLM $0.1768 -1.57%
ZEC $1,113.85 -8.28%

Binance Labs announces investment in RWA tokenization platform OpenEden

2024-09-12 22:06:01

ChainCatcher news, according to official sources, Binance's venture capital and incubation department, Binance Labs, has invested in OpenEden, a tokenization investment platform focused on building bridges to new financial systems with real-world assets (RWA).

Last month, OpenEden announced that the total locked value (TVL) of its tokenized TBILL has exceeded $100 million. The platform allows KYC-verified investors, DAOs, and cryptocurrency financial managers to connect self-custody wallets and mint TBILL tokens, thereby earning stablecoin yields on idle operating funds.

Currently, OpenEden has attracted over 100 institutional clients.

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