OpenEden’s mission is to bring trillions of dollars in real-world yields on-chain. They believe internet-native money will make RWAs accessible to everyone, creating a more inclusive and decentralized economy. Last month, OpenEden announced that they had achieved over $100 million in Total Value Locked (“TVL”) for their tokenized TBILLs.

By enabling KYC-ed investors, DAOs, and crypto treasury managers to connect their self-custodial wallets and mint TBILL tokens, OpenEden allows them to earn a yield on their idle working capital in stablecoins. The platform’s in-house management of the entire tokenization stack results in greater operational efficiency and higher net yields for token holders. To date, OpenEden has on-boarded over 100 institutional clients.

With the new funding from Binance Labs, OpenEden plans to expand access to RWA-backed yields throughout the DeFi ecosystem. This will be achieved through the introduction of new products, the establishment of channel partnerships, and the exploration of emerging markets.

“Binance Labs provides unwavering support to projects that are unlocking the next wave of opportunities in Web3 through meaningful and sustainable technologies. We believe OpenEden is well-positioned to capitalize on the growing adoption of stablecoins and RWAs, and we are excited to join them on this journey,” said Andy Chang, Investment Director, Binance Labs.

“We are delighted to have the support of Binance Labs, a leader in the Web3 space, as we drive the growth of tokenized real-world assets. Their backing empowers us to accelerate our efforts in blending native yields with real-world yields, which will help stabilize returns in DeFi and create pathways for bringing institutional liquidity onto decentralized platforms,” said Jeremy Ng, Co-Founder of OpenEden.

As the demand for tokenized RWAs has surged, T-Bills have emerged as a preferred choice among issuers. According to blockchain analytics firm Messari, the total value locked in RWAs has grown exponentially over the past year, reaching $8 billion.

About Binance Labs

As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since our founding in 2018, we have consistently focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.

As a chain- and sector-agnostic venture capital leader in the Web3 space, we back everything from infrastructure to application layers, and our focus has consistently been on tech innovation with meaningful product-market fit and sustainable revenue models.

Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

About OpenEden

OpenEden Labs is building the bridge to a new financial system. Its mission is to bring real-world assets to DeFi to unlock trillions of dollars in value.

For more information, visit https://openeden.com/.

Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

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Built natively on Solana, Solayer leverages the economic principles of proof-of-stake to extend the security of Solana’s base layer towards other decentralized systems and dApps. This innovative approach enables users to participate in a decentralized validator network, contributing to the security and liveliness of the Solana ecosystem. Users can stake assets to decentralize Solana, earn native yields through MEV-boost, and yield from delegated Actively Validated Services (AVS).

In just under 60 days since launching phase 1, Solayer has risen to become the 13th largest protocol on Solana, according to DeFiLlama. The platform has amassed over $150 million in Total Value Locked (TVL) and attracted more than 70,000 unique deposit addresses.

With the newly secured funds from Binance Labs, Solayer plans to scale its team, onboard new protocols into the ecosystem, and establish itself as a core primitive of the Solana blockchain. Additionally, the team will focus on researching solutions to address Solana’s network congestion issues using restaking infrastructure. Solayer also has plans to roll out the full system soon, where stakers can use SOL to secure Solana and dApps can secure network bandwidth and transaction throughput. In addition to that, Solayer will focus on general asset restaking that secures exogenous AVS, systems that are external to Solana.

“Binance Labs is committed to supporting early-stage projects that propel the growth of crypto ecosystems. Solayer has emerged as a dominant player in the Solana ecosystem, and we are excited to join them on their journey to make the ecosystem more vibrant,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“We are thrilled to have Binance Labs invest in Solayer. With the backing and strong support of Binance Labs, we are one step closer to realizing our vision of strengthening the Solana ecosystem and delivering greater value to dApps on Solana,” said Jason, Co-Founder of Solayer Labs.

About Binance Labs

As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and driving the growth of innovative ecosystems. Since our founding in 2018, we have provided strategic support and funding to projects, regardless of market cycles.

Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs.

About Solayer

Solayer is a leading restaking network on Solana. They aim to empower on-chain decentralized applications (dApps) with improved network bandwidth while securing the L1 at the same time. Their goal is to provide dApps on Solana with a greater likelihood of securing block space and prioritizing transaction inclusion.

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The number of blockchain networks is rapidly increasing, with a growing proliferation of L1 and L2 chains across various ecosystems. This chain-dense approach to scalability leads to highly fragmented user bases and liquidity, resulting in poor user and developer experiences alongside significant friction/costs.

Particle Network is a modular Layer 1 blockchain that provides Chain Abstraction infrastructure to address liquidity and user fragmentation in a multi-chain world. They achieve this through four core features, namely Universal Accounts, Universal Liquidity, Universal Gas, and the Particle L1 chain.

With Particle Network, users can maintain a single account and balance across the entire ecosystem, eliminating the need for manual bridging or asset management across multiple chains. They act as a coordinator for the multi-chain ecosystem, with the goal of allowing users to have a single address and balance across every chain, and eventually pay for gas in any token. Their mission is to unify Web3 through its Modular Chain Abstraction Infrastructure, providing a seamless experience with “One Account, One Balance, Any Chain.”

The newly secured funds will be allocated to several key areas to drive Particle Network’s growth and success, including global team expansion; enhancing the features and integrations of their Chain Abstraction ecosystem to provide a more robust and comprehensive solution for users; and ensuring a secure, efficient, and timely launch of their L1 Mainnet later this year.

“Binance Labs is committed to supporting founders who are building innovative products to onboard the next billion users into Web3. We look forward to supporting Particle Network in their mission to create a smoother and more intuitive user experience for everyday users,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“We are honored to receive this investment from Binance Labs, a true pioneer in driving industry innovation. This partnership is a significant milestone for Particle Network as we work towards advancing the realization of Chain Abstraction and accelerating the mass adoption of Web3. With Binance Labs’ support, we will enhance our technical capabilities and expand our reach within the global Web3 community. Together, we are committed to making Web3 more accessible and user-friendly for everyone,” said Pengyu, Founder of Particle Network.

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aPriori’s mission is to decentralize Monad’s network and enhance the user experience by reducing gas fees, optimizing network traffic, and driving sustainable incentives for validators. Monad achieves its extreme performance with its fast finality and deferred execution, creating a design space with both new possibilities and challenges. As a result, the aPriori team has been building an entirely new architecture for MEV and Liquid Staking Tokens (LSTs) from scratch to maximize the performance of this next-generation parallel EVM.

The fresh round of funding will enable aPriori to expand its team, accelerate research and development efforts, bolster security protocols, and advance its efforts to optimize blockchain performance to handle mass adoption.

“Binance Labs is proud to back aPriori’s vision to pioneer MEV-powered liquid staking solutions. We are always on the look-out for early-stage projects with potential, and this investment marks our commitment to supporting pioneering projects that drive the next wave of blockchain innovation, and we look forward to seeing aPriori redefine the landscape,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“We at aPriori are developing an MEV-powered liquid staking platform on Monad. We’re thrilled to have Binance Labs’ support as we innovate and introduce novel products uniquely designed for high-throughput, parallel EVM networks,” said Ray, CEO of aPriori.

aPriori was incubated through Season 6 of the Binance Labs Incubation Program.

To apply for the current Binance Labs Incubation Season 7, submit your application here. This program is tailored to founders starting early-stage Web3 projects. More details of the program can be found here.

About aPriori

aPriori is building the MEV infrastructure and liquid staking service on Monad. The team came from a background of Jump Crypto, Coinbase, Bridgewater, Protocol Labs, D.E. Shaw, Pyth Network, and Flow Traders.

For more information, follow aPriori on X.

About Binance Labs
As the venture capital arm and incubator of Binance, Binance Labs is dedicated to empowering early-stage projects and driving the growth of innovative ecosystems. Since our founding in 2018, we have provided strategic support and funding to projects, regardless of market cycles.

Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!

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