Binance's Investment in RWA Project Openeden (with Participation Tutorial)
1. The RWA track has always been a hot market, currently led by Ondo. Recently, the Chili Brother discovered an early RWA project, Openeden. The core product of Openeden, TBILL, is 1:1 backed by treasury securities as well as USDC and USD reserves, allowing stablecoin holders to earn returns from U.S. Treasury securities.
2. Openeden was founded by Eugene Ng and Jeremy Ng in 2022, with Jeremy Ng having previous work experience at Gemini Exchange and Goldman Sachs. The Chili Brother fears that Web2 elites will come to Web3 to start businesses because they know nothing, but Jeremy Ng clearly has Web3 experience.