Ripple, leading VCs invest in OpenEden to support the real-world asset tokenisation firm’s expansion

  • The company will focus on scaling TBILL and the yield-bearing stablecoin USDO.
  • cUSDO was approved this year as off-exchange collateral at Binance.
  • BNY Mellon now manages and safeguards Treasurys underlying TBILL.

Real-world asset tokenisation is becoming one of crypto’s most active areas in 2025, and OpenEden is positioning itself at the centre of this shift with a new round of investment supported by major industry players.

The company confirmed on Tuesday that leading trading firms, venture capital groups, blockchain networks and institutional infrastructure providers have backed its latest raise to expand access to tokenised US Treasurys.

The round, which follows OpenEden’s 2024 raise with YZi Labs, comes at a time when short-dated government debt has emerged as one of the fastest-growing niches in digital assets as institutions look for familiar, regulated yields on-chain.

Tokenisation demand drives new investment push

OpenEden said the fresh capital will help it scale its tokenisation-as-a-service platform as more institutions look to move traditional assets onto public blockchains.

The firm is leaning into rising demand for regulated products tied to government debt, with short-term Treasurys becoming a preferred entry point for investors seeking on-chain yield that mirrors conventional markets.

The company did not disclose the size of the round, but it confirmed participation from Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital.

Expansion of TBILL and USDO across markets

A significant portion of upcoming development will centre on OpenEden’s two main offerings: TBILL, its tokenised US Treasury fund, and USDO, a stablecoin backed by those same Treasurys.

USDO and its wrapped version, cUSDO, have already been integrated across decentralised exchanges and lending markets.

Earlier this year, Binance authorised cUSDO as off-exchange collateral.

OpenEden said the new investment will support broader distribution of these products and allow the company to introduce additional market structures tied to real-world financial assets.

Broader product pipeline builds institutional focus

Beyond Treasurys, OpenEden is preparing several new instruments designed to deepen institutional engagement with tokenised markets.

These include upcoming tokenised bond exposure, a multi-strategy yield token and a range of structured products aimed at investors familiar with traditional income-generating instruments.

In August, the company appointed BNY Mellon as custodian and investment manager for the Treasurys underlying TBILL.

The product has also received investment-grade ratings from S&P Global and Moody’s, marking a notable step in bridging conventional market requirements with decentralised finance infrastructure.

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Bitcoin price forecast: BTC eyes $93k as $83k support holds

Key takeaways

  • BTC is trading below $87k, down by less than 1% in the last 24 hours.
  • The leading cryptocurrency could retest the $93k resistance level in the near term.

Bitcoin’s $83k support holds

Bitcoin briefly dropped below $84k on Tuesday but has bounced back and is now trading above $86k per coin. The bearish performance comes amid macroeconomic conditions due to global liquidity tightening, and confidence in crypto is also deteriorating further following the Yearn hack.

Analysts predict that Bitcoin’s price could suffer further bearish movements as we head into the last few weeks of the year. In an email to Coinjournal, Nick Forster, Founder at the onchain options platform, Derive.xyz, said that macro uncertainty continues to dominate. 

A BOJ tightening and ambiguity around a U.S. Fed cut continue to negatively affect Bitcoin and the broader cryptocurrency market.

“Volatility surged in response. BTC 30-day volatility jumped from 46% to 50% in the past 24 hours, while skew collapsed from -5% to -8% before recovering slightly to -6% at the time of writing. The move reflects aggressive demand for downside protection as traders reposition for further weakness,” Forster added.

The options market shows that 15% of traders predict Bitcoin’s price will drop below $80k by the end of the year. However, 21% are still optimistic about Bitcoin ending the year above $100k.

BTC eyes the $93k resistance

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past five days. The technical indicators are also bearish but could switch bullish if Bitcoin tops the $93k resistance level.

BTC/USD 4H Chart

At press time, BTC is trading at $86,882 per coin. If the market recovery continues, BTC could rally towards the $93k resistance level over the next few hours or days. 

The 4-hour RSI of 40 shows a fading bearish trend as Bitcoin is no longer in the oversold area.

On the flipside, if the bears regain strength, Bitcoin could retest the $80k low created on November 21.

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Canaan expands green Bitcoin mining with renewable energy, AI, and tokenization

  • The companies aim to improve grid stability by matching clean-power output with mining demand.
  • They will tokenize energy generation, carbon savings, and mining yields onchain.
  • The platform is designed to support securitisation of green-power assets.

Canaan is pushing deeper into sustainable Bitcoin mining with a new strategy that blends clean energy, artificial intelligence, and onchain tokenization.

The mining and hardware company has teamed up with SynVista Energy to develop a platform that adapts mining activity to renewable-power availability.

The plan comes as the crypto industry faces ongoing scrutiny over energy use and increasing pressure to rely on greener sources.

By combining smart energy scheduling with digital tracking of renewable assets, Canaan aims to show how mining can integrate more efficiently with modern power systems while supporting the wider shift toward low-carbon infrastructure.

Canaan turns to adaptive renewable energy mining

Canaan and SynVista Energy are developing a mining rig designed to match energy consumption with renewable-power supply.

The system uses an AI-driven scheduling engine that adjusts hash-rate demand based on real-time fluctuations in clean-energy production.

The companies say this approach is intended to maximise the use of available green power without adding stress to electricity grids already dealing with volatility from high renewable penetration.

The pair believes the platform could move renewable-powered Bitcoin mining from small isolated pilots to replicable engineering solutions.

The focus is on creating a structure that can fit regulatory standards while also remaining commercially viable for operators navigating the challenges of intermittent energy generation.

Mining industry seeks stability as power demand grows

Bitcoin mining continues to attract attention for its electricity footprint, with some estimates comparing consumption levels to those of mid-sized nations such as Poland or Thailand.

At the same time, industry groups argue that mining can complement grid balancing efforts, especially as AI data centres increase pressure on existing networks.

Canaan’s project builds on this narrative by targeting ways to turn surplus or stranded energy into productive computing power.

The company highlighted that fast-changing renewable output often leads to curtailment, where clean energy goes unused.

Its adaptive system aims to convert these excess electrons into a mining activity that can respond to grid conditions.

Tokenization of RWA links energy generation with onchain data

Alongside the hardware collaboration, Canaan and SynVista Energy will tokenize generation output, carbon savings, and mining yields on-chain.

The aim is to create a verifiable data layer that supports digital tracking of renewable generation and the securitisation of real-world assets such as green-power plants.

The companies expect that this on-chain framework will eventually allow tokenization of cash flows from energy production and carbon credits.

This would improve price transparency and liquidity for green assets while supporting the broader integration of digital tools into the energy-transition economy.

Industry data underscores the push toward cleaner mining.

The Cambridge Bitcoin Electricity Consumption Index estimates that Bitcoin accounts for about 0.8% of global electricity use.

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