After the 2020–2021 blowout boom, the DeFi landscape experienced a string of projects blowing up on unsustainable returns. With liquidity being pulled out and reward tokens no longer being desirable—users looking around asking themselves, “What’s next?”—many came to understand that DeFi needed a source of actual, sustainable yield.
And that is exactly why OpenEden exists.
What is OpenEden?
OpenEden is an RWA protocol offering real yield on U.S. Treasury securities on-chain — enabling institutions, DAOs, and Web3 investors to hold low-risk, high-liquidity assets anywhere and at any time, 24/7 on the blockchain.
As an end-to-end tokenization platform, OpenEden allows institutions and DAOs to manage their treasuries with tokens for U.S. Treasury Bills — some of the safest and most reliable money in the world.
Since its release in 2023, OpenEden has marked an important milestone: it was given an “A-bf” fund rating by Moody’s, the globe’s inaugural RWA token issuer to receive a bond fund rating from the global credit agency.
OpenEden is not just an on-chain protocol — it is a completely regulated legal and financial framework designed to bridge the gap between traditional finance (TradFi) and DeFi.
A BVI-domiciled investment fund operates via a licensed investment manager, who invests in U.S. Treasury Bills.
- The underlying instruments are securely held by third-party custodians licensed for safety and compliance.
- The $TBILL token is issued in quantities corresponding to the underlying U.S. Treasuries, with on-chain proof of ownership and right to yield.
- This architecture makes OpenEden a legitimate bridge from blockchain to TradFi with a promise that all the tokens issued are 1:1 backed by real-world assets.
The project envisions real economic value owned and savored by people on the blockchain — directly — in a worldwide, permissionless, open, and equitable financial system, with real-world assets and traditional financial returns on the blockchain.
OpenEden Ecosystem
OpenEden is building an infrastructure layer that connects real-world assets (RWA) and traditional financial returns to the blockchain through three pillars of work:
- TBILL Vault – a tokenized U.S. Treasury Bill platform that earns real yield.
- USDO Stablecoin – a TBILL-backed stablecoin that automatically earns interest.
- EDEN Token – the utility and governance token that powers the entire network.
TBILL – Tokenized Treasury Vault
At the heart of OpenEden is TBILL, a tokenized U.S. Treasury Vault.
Nature and Product Structure
Nature and Product Structure – Source: OpenEden Whitepaper
TBILL Token is a representative of the economic benefit of the EIP-20 contribution of the Investor in the Fund. Investors deposit USDC to mint TBILL Token, the investor will have the legal right to the exchange value of the net assets held by the Fund.
Currently, the minting of TBILL is completely through the TBILL Vault by the examples in the whitepaper and has completed all the KYC/KYB steps.
OpenEden has established a strong internal control system to maintain the safety of TBILL Vault. To ensure safety, consensus, and to make operations easy, fast, and convenient.
The TBILL Vault operates as a permissioned protocol, accessible only to verified, qualified investors.
Investor Onboarding Process
To hold TBILL, investors must meet the following criteria:
- “Professional Investor” as defined by the British Virgin Islands Securities and Investment Business Act (SIBA) 2010.
- “Accredited Investor” in the United States as defined by Rule 501(a) of Regulation D under the Securities Act.
Investor Onboarding Process – Source: OpenEden Whitepaper
The onboarding process is simple:
- Registration: Investors start participating through the official OpenEden onboarding portal.
- Verification: The compliance team conducts KYC (identity verification) and KYT (wallet screening) checks.
- Activation: If approved, you will be whitelisted by the project.
- The project will then send a confirmation email, and you can start your auto-registration.
Use Cases and Composability
While TBILL currently operates within a whitelisted environment, its composability is expanding through integrations and partnerships that extend its on-chain utility:
- Secondary trading on regulated marketplaces.
- Collateral usage in lending and structured financial products.
- Cross-chain interoperability to bridge TBILL across blockchain networks.
Through these integrations, TBILL is evolving into a foundational building block of the on-chain Real-World Asset (RWA) ecosystem, connecting traditional yield sources with decentralized liquidity.
TBILL = Real Yield, Real Regulation, Real Trust.
USDO – Yield-Bearing Stablecoin
If TBILL is the foundation of real yield, then USDO is the bridge that makes it accessible to everyone.
USDO is a next-generation yield-bearing stablecoin fully backed by tokenized U.S. Treasuries (TBILL Vault), designed to combine the stability of the U.S. dollar with the real yield generated from traditional financial assets.
Use Cases and Integrations
USDO acts as a bridge between TradFi yield and on-chain liquidity. Institutional treasuries and DAOs can hold USDO to earn yield and it is of course safe.
In addition, using USDO as collateral for lending, borrowing and derivatives.
Can be developed and turned into a multi-chain stable asset (Ethereum, BNB Chain, Solana, Kaia, Plume, etc.).
USDO = Stability + Real Yield + Compliance.
EDEN – Governance & Incentive Token
If TBILL represents the foundation of real yield and USDO brings that yield to everyone, then EDEN is the token that ties it all together — the economic, incentive, and governance layer of the OpenEden ecosystem.
Designed as the native utility and governance token, EDEN empowers users to participate in decision-making, earn a share of ecosystem value, and support long-term network growth.
Unlike many governance tokens that rely purely on speculation, EDEN’s value is directly tied to the productivity of real assets within the OpenEden ecosystem.
As the adoption of TBILL and USDO expands, more fees and real yield flow through the system — portions of which can be redistributed to EDEN stakers or used for ecosystem incentives.
This creates a closed economic loop:
Economic Loop – Source: NFTEvening
EDEN effectively transforms passive yield infrastructure into a community-governed, token-driven economy — where contributors, holders, and institutions all share in its expansion.
In an ecosystem where yield is real, assets are transparent, and governance is decentralized, EDEN stands as the token that anchors it all.
It bridges the technical, financial, and community layers of OpenEden — turning the project from a yield platform into a self-sustaining, token-governed economy.
EDEN = Power, Participation, and Real Value.
Tokenomics
The EDEN tokenomics model is designed for long-term sustainability, aligning incentives around real yield flows generated by OpenEden’s ecosystem. It emphasizes value capture from real economic activity — not speculative emissions.
Token Overview
Ticker: $EDEN
Total Supply: 1,000,000,000 EDEN
Token Distribution
Token Allocation – Source: ChainBroker
The initial allocation is structured to ensure balanced growth and long-term alignment between the community, contributors, and investors.
- Bills Airdrop (7.5%)
- Ecosystem & Community (41.22%)
- Early Adopters (6%)
- Foundation (10%)
- Investors (15.28%)
- Team & Advisors (20%)
Token Utility: Governance, Rewards, and Real Yield
EDEN’s utility consists of four main use cases, directly linking the token to the platform’s performance:
- Staking Rewards – EDEN holders can stake to receive a portion of the returns and fees from the TBILL and USDO vaults.
- Governance – EDEN is the foundation of OpenEden’s DAO-like governance, empowering token holders.
- Growth Incentives – A portion of the EDEN supply is dedicated to issuance and reward programs to incentivize continued innovation.
- Rebates & Premium Access – Holding or staking EDEN can unlock discounts and rebates on minting or redemption fees.
In essence, EDEN’s tokenomics represents a shift in innovation that prioritizes true value creation while ensuring that value is transparently transmitted between products, protocols, and communities
Roadmap & Vision
Through the edits, OpenEden does not currently publish a fixed “roadmap”, or have specific timelines for each milestone.
This is understandable when operating under a managed investment structure, where every new product or feature must go through a legal and compliance approval process before being announced.
However, based on the official documents published by OpenEden, we can speculate that the actual development roadmap of the project is as follows:
Road Map – Source: NFTEvening
FAQ
What is OpenEden?
OpenEden is a Real-World Asset (RWA) tokenization platform that bridges traditional finance (TradFi) and decentralized finance (DeFi).
It enables investors, DAOs, and institutions to access real yield from regulated assets such as U.S. Treasury Bills, bringing the stability of traditional markets to blockchain infrastructure.
How does OpenEden work?
OpenEden operates through a regulated investment structure, combining legal compliance with blockchain transparency.
Its ecosystem includes:
- TBILL Vault – a tokenized fund representing short-term U.S. Treasuries.
- USDO – a yield-bearing stablecoin backed by TBILL.
- EDEN Token – the governance and utility token powering the ecosystem.
All assets are 1:1 backed by real-world instruments, held by licensed custodians, and verified through Proof-of-Reserve.
What makes OpenEden different from other RWA projects?
- Regulated structure: Operates as a licensed fund, not a DeFi experiment.
- Moody’s rated: First tokenized bond fund in the world with a Moody’s “A-bf” fund rating.
- Institutional-grade compliance: Follows KYC/KYB, AML, and whitelisting for all participants.
- Real yield, not inflationary rewards: Returns are derived from genuine interest earned on U.S. Treasuries, not token emissions.
Who can invest in OpenEden’s products?
Currently, OpenEden products are accessible only to:
- Professional Investors under BVI SIBA 2010;
- Accredited Investors under U.S. Regulation D (Rule 501(a)).
Each participant must complete KYC/KYB verification and have their wallet whitelisted before interacting with TBILL or USDO.
How does OpenEden ensure transparency and safety?
- All underlying assets are held by licensed custodians.
- Proof-of-Reserve provides on-chain verification of collateral.
- The fund’s legal structure and NAV are regularly audited.
- Smart contracts are externally audited by reputable firms.
How to Buy OpenEden Token (EDEN)
You can buy $EDEN, the native token of the OpenEden ecosystem, on Binance or other supported exchanges once it becomes available.
Here’s how to get started safely and easily:
- Create or log in to your Binance account.
- Deposit USDT or another supported stablecoin to your Binance wallet.
- Search for the trading pair — EDEN/USDT, EDEN/BNB.
- Place your order and confirm the purchase.
- Store your tokens securely in your Binance account or transfer them to a non-custodial wallet for long-term holding.
OpenEden’s $EDEN token plays a key role in ecosystem governance, liquidity incentives, and future expansion across RWA and DeFi integrations — making it a cornerstone asset for users who believe in tokenized real yield.
Trade $EDEN on Binance today:
