Binance Labs, the venture capital arm of the world’s largest crypto exchange, has disclosed an investment in real-world asset (RWA) protocol OpenEden. Based in Singapore, OpenEden is the largest non-US platform in the RWA space, with $109 million in total value locked (TVL), according to DeFiLlama. The platform’s T-Bill TVL is up nearly 10x this year after opening 2024 with $11 million, making it the fifth largest US T-Bill issuer. OpenEden’s TBILL is the only U.S. T-Bill product to receive an “A” rating from Moody’s Ratings, one of the ‘Big 3’ credit rating agencies alongside S&P and Fitch Group. The size of the investment was not disclosed. OpenEden previously secured $5 million in a funding round led by UXD Protocol in May 2023. OpenEden also partnered with Ripple in August, making it the largest issuer of RWAs on XRPL, Ripple's peer-to-peer exchange network. As part of the deal, Ripple will also invest $10 million into OpenEden-based T-Bills on XRPL. The platform is live on Ethereum, Arbitrum, and XRPL, and offers users roughly a 4.75% yield. “This strategic investment from @BinanceLabs cements the solid foundation that we are laying for the long-term,” said Eugene Ng of OpenEden on social media.