OpenEden Surpasses $150 Million TVL in Tokenized US Treasury Bills
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
OpenEden surpassed $150 million in total value locked (TVL) for its tokenized U.S. Treasury Bills vault on October 22.
According to a statement published by OpenEden, the milestone comes just two months after reaching $100 million in TVL, indicating the growing demand for its $TBILL Vault.
1/ We have reached yet another major milestone by surpassing $150 million in TVL for our Tokenized US Treasury Bills. This achievement cements our position as one of the top five tokenized treasuries issuer globally. As the only end-to-end tech stack in the market, we have gained… pic.twitter.com/p3M5rMhM7p
Over 130 institutions, such as Arbitrum, Ripple, and Galaxy, are among the platform’s investors, which have supported the vault’s rapid expansion in the market.
To many large infra/L1/L2s, $150mil is just a nice milestone.
To actually have 130+ institutions onboarded with full KYC/AML as accredited investors in crypto is a major feat and I believe @OpenEden_Labs is possibly the most distributed TBILL product today.
Time to accelerate. https://t.co/aK5HuBUMHk
The product offers tokenized access to U.S. Treasury Bills, providing a regulated on-chain solution for institutional investors seeking real-world asset exposure.
The vault allows participants to engage with traditional financial products while maintaining blockchain transparency.
The statement suggested that the recent growth in TVL follows a broader interest in tokenized treasury assets, which have become appealing for institutions looking for secure yield opportunities on-chain.
The
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