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OpenEden - Undisclosed
Overview
Funding Date
May 31, 2023
Financing amount
$5M
Valuation
--
Catagory
Subcategory
About OpenEden - Undisclosed
UXD Protocol has invested 5m USDC from the insurance fund into OpenEden! OpenEden is the first smart contract vault managed by a regulated entity to offer 24/7 access to U.S. Treasury Bills. The interest earned from the pool will be used to buyback $UXP tokens!
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Uncategorized | Unknown | -- | 1 | -- |
Founders & Team
Jeremy Ng
Eugene Ng
Company Profile / Project Introduction
OpenEden is building the bridge to a new financial system. Their mission is to bring real-world assets on-chain to unlock trillions of dollars in value. Founded by former Gemini senior executives, the OpenEden team comes from leading financial institutions and crypto-native firms. It is a smart contract vault managed by a regulated entity to offer 24/7 and direct access to U.S. Treasury Bills. The OpenEden TBILL Vault is a liquid on-chain pool that brings real-world assets into Web3, allowing holders of stablecoins to benefit from sustainable yields.