Friday, November 1, 2024 – Leading fintech company OpenEden had crossed $150 million in Total Value Locked (TVL) for tokenized US Treasury bills, an announcement on October 22 said.
This leap has secured OpenEden’s spot among the top five US treasuries in the world.
Over 130 institutions have engaged in OpenEden since it is the exclusive end-to-end tech stack that operates in the market.
In late August, the company announced that it surpassed $100 million in TVL for $TBILL, and it had been upsurged from $50 million by October, indicating the growing demand for TBILL vault.
OpenEden, which received an A rating from Moody’s, the global credit rating agency, in June this year, is the premier tokenized US Treasury product that enables access to real world assets (RWA) along with on-chain accessibility.
It is required to fulfill each step of the onboarding process at OpenEden to redeem TBILL tokens.
Investor needs to connect with the wallet, verify KYC and KYT, respectively, and after the wallet is whitelisted on-chain, 24/7 access to mint and redeem the TBILL tokens are available.
