Ripple, Top VCs Back Ex-Goldman Exec's RWA Platform OpenEden
OpenEden, founded and run by ex-Goldman Sachs executive Jeremy Ng, is scaling quickly as a real-world asset platform after picking up strategic support from Ripple and a cohort of top venture investors. Its two flagship products — a tokenized U.S. Treasury bill vehicle (TBILL) and the yield-bearing stablecoin USDO — have attracted interest from institutional participants and on-chain investors, signaling growing demand for regulated, yield-producing crypto instruments.
The backing from Ripple and major VCs underscores a broader push to bridge traditional finance and crypto infrastructure; tokenized T‑bills and a reliable yield stablecoin lower friction for institutions seeking dollar exposure on-chain. While regulatory clarity remains a factor for widescale adoption, OpenEden's momentum highlights how RWAs and yield products are increasingly central to institutional crypto strategies and could boost confidence among enterprise-grade counterparties and market makers.