OpenEden

OpenEden is a regulated platform for tokenizing real-world assets on-chain, primarily US Treasury securities, offering a suite of products for Web3 CFOs, DAO treasury managers, and institutional investors. Its product lineup includes TBILL (a tokenized vault of short-dated US T-Bills, rated AA+ by S&P Global), USDO (a yield-bearing stablecoin backed by TBILL reserves), PRISM (a multi-strategy yield token combining cash-and-carry arbitrage, lending, DeFi strategies, and Treasury assets), and HYBOND (tokenized exposure to a BNY-managed global short-dated high-yield bond fund). The platform operates under BVI and Bermuda regulatory frameworks with institutional-grade custodians and asset managers.

OpenEden offers four products, each earning returns from different sources and charging fees in its own way.

TBILL — A token that tracks short-term US Treasury Bills (T-Bills). Investors deposit USDC into a smart-contract vault managed by BNY Mellon Investment Management. The fund uses the deposits to buy T-Bills (short-term government debt bought at a discount, maturing in under 3 months) and keeps a small cash reserve. As the T-Bills earn interest, the TBILL token price rises.

Fees that eat into returns:

• Annual expense fee of 0.30% of the total value in the vault, charged daily. This covers portfolio management, rolling over T-Bills as they mature, custodian costs, audits, and smart-contract security checks.
• Transaction fee of 0.05% (5 basis points) on each deposit and withdrawal, paid in USDC. This covers Ethereum gas fees, bank wire costs, and currency conversion.

USDO — A yield-bearing stablecoin pegged at $1. Its reserves are fully backed by tokenized TBILLs and reverse repurchase agreements (short-term lending arrangements backed by securities). The yield earned from those reserve assets is given to holders through daily rebasing — your USDO balance grows each day, while the price stays fixed at $1. There is also a wrapped version called cUSDO that works differently: the token count stays the same over time, and instead the redemption price gradually increases.

PRISM / xPRISM — A multi-strategy yield token. Monarq Asset Management (a registered investment firm) runs a mix of strategies: cash-and-carry arbitrage (profiting from price differences between spot and futures markets), overcollateralized lending (borrowers put up more collateral than the loan value), blue-chip DeFi yield strategies, and US Treasury-backed assets. xPRISM uses an accrual model where the token count is fixed and the price compounds over time.

HYBOND (coming soon) — Offers exposure to a global short-term high-yield bond fund managed by BNY. It charges a 0.35% annual management fee and a 0.10% redemption fee.

Importantly, none of these products rely on inflationary token giveaways or "liquidity mining" rewards. All returns come from real-world asset portfolios and actively managed digital-asset strategies — not from printing new tokens.