Ripple Backs Openeden Because Even Crypto Bros Need Adult Supervision 😏

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Openeden just got a fresh pile of cash 💸-because nothing says “trust us” like a bunch of investors nodding solemnly while whispering “blockchain.”

Openeden’s Latest Cash Grab-I Mean, Strategic Investment Round

On Dec. 1, Openeden announced it convinced Ripple, Lightspeed Faction, and Gate Ventures (among others) to throw money at its “real-world asset” tokenization dreams. Because if there’s one thing Wall Street loves, it’s slapping the word “tokenized” on old-school financial products and calling it innovation. 🚀

Jeremy Ng, Openeden’s CEO and resident hype man, declared:

“Tokenization is totally the future, guys. Institutions want compliance! Security! And also, like, the ability to pretend they understand DeFi.”

Translation: “We’re building the same boring financial stuff, but now with blockchain buzzwords!”

RippleX’s Markus Infanger chimed in with the kind of corporate-speak that makes you want to take a nap:

“Institutions crave reliability, compliance, and controls-basically, all the things crypto was supposed to destroy. But hey, tokenized T-bills sound legit, right?”

Nathan McCauley from Anchorage Digital added:

“RWAs are hot right now, and OpenEden is, uh, doing stuff that institutions like. Trust us.”

(We’re paraphrasing, but you get the gist.)

Meanwhile, Openeden’s TBILL Fund got a gold star from S&P and Moody’s (because nothing screams “disruptive” like pleasing the same old ratings agencies). BNY Mellon even signed on as custodian-because when you’re reinventing finance, you definitely need the same banks that caused the 2008 crisis. 🤷‍♀️

FAQ (Because You Definitely Asked) ⏳

  • What’s Openeden’s big news?
    They got money. From investors. To do more tokenized finance things. Riveting.
  • What’s their big product?
    USDO and TBILL-because stablecoins and T-bills weren’t boring enough without blockchain.
  • Why do institutions care?
    They want crypto’s returns with TradFi’s paperwork. It’s called “having your cake and regulating it too.”
  • Is any of this actually new?
    LOL no. But the PowerPoints are chef’s kiss. 📊

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2025-12-03 06:58