#OpenDigest | 10 April 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $317.666B
→Total RWA on-chain market cap: $29.06B
→Total stablecoin holders: 242.89M
→Total RWA assets holders: 720,804

🟣 Top Headlines

→ The FDIC is laying out guidelines for US banks and their fintech subsidiaries to use stablecoins as digital currencies become more widely accepted.
→ South Korea is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized RWAs to be backed by assets held in trust.
→ The IMF said tokenization has the potential to remove friction and boost transparency in finance, but warned that the technology could also create challenges that affect financial stability.
→ According to a report by Borderless, stablecoin FX is reaching parity with traditional rails in key corridors and LATAM markets are now exhibiting “institutional-grade” pricing with near-zero execution costs.
→ Chainalysis projects adjusted stablecoin volume could reach $719 trillion by 2035 through organic growth alone, and volume could hit $1.5 quadrillion when factoring in generational wealth transfer and point-of-sale adoption.

🟣 OpenEden's Updates

→ As featured on CoinDesk, HYBOND provides the first on-chain access to BNY Investments’ high-yield corporate bond strategy.
→ Watch the full panel discussion of our Founder and CEO Jeremy Ng at Digital Asset Summit 2026, where he discussed on the next phase of tokenization.
→ Our Founder and CEO Jeremy Ng will be in Seoul next week from 15-17 Apr. Connect with him to arrange for a meeting.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2042528125494661489?s=20

Proud to be part of Solana's expanding RWA ecosystem.

https://x.com/OpenEden_X/status/2043548483882479706?s=20

Closed-door sessions like the upcoming RWA Forum in Seoul are important in allowing attendees to speak candidly about what's happening in the RWA space, beyond the headlines.

Across three curated panels, our Founder and CEO Jeremy Ng will be speaking on global RWA infrastructure, covering what it takes to bring tokenized assets from issuance to settlement at an institutional scale.

https://x.com/OpenEden_X/status/2043967799442452879?s=20

At Digital Asset Summit 2026 NYC, our Founder and CEO Jeremy Ng sat down with TheStreet to share why we started with tokenized money market funds, and what's next.

From bringing real yield on-chain to building an end-to-end RWA tokenization platform, the vision is clear: Tokenize Global Finance.

Watch his full interview here: https://www.thestreet.com/crypto/innovation/350-billion-in-stablecoins-earn-nothing-for-holders-openeden-wants-to-change-that

https://x.com/OpenEden_X/status/2044007118282600642?s=20

Seoul now, Hong Kong next.

Our Founder and CEO Jeremy Ng will be in Hong Kong for Web3 Festival from 20-23 April.

Catch him on stage at the main conference on 20 Apr as he discusses the tokenization blueprint of traditional finance.

https://x.com/OpenEden_X/status/2044707941669024043?s=20

Morgan Stanley's CFO described an "onchain world" where assets and liabilities move as freely as data, and framed tokenization as core to its wealth business.

Morgan Stanley is one of the latest additions of institutions reshaping advisory, lending, and cash management across trillions in client assets through tokenization.

And tokenized Treasuries and yield-bearing stablecoins are the building blocks institutions are converging around.

https://www.coindesk.com/business/2026/04/15/why-morgan-stanley-s-cfo-thinks-tokenization-is-the-next-big-step-for-its-multi-trillion-wealth-business

https://x.com/OpenEden_X/status/2044740334178214085?s=20

#OpenDigest | 17 April 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $320.707B
→Total RWA on-chain market cap: $29.92B
→Total stablecoin holders: 244.39M
→Total RWA assets holders: 728,287

🟣 Top Headlines

→ HSBC and AnchorPoint Financial, a joint venture led by Standard Chartered, have been awarded Hong Kong’s first stablecoin issuer licences by the Hong Kong Monetary Authority (HKMA).
→ Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, sees a tokenized money-market fund as a natural path forward for its crypto roadmap.
→ European Central Bank sees tokenization using distributed ledger technology (DLT) as an opportunity for Europe to develop a more integrated digital capital market and address fragmentation in traditional financial infrastructure.
→ Ripple has partnered with Kyobo Life Insurance to pilot tokenized settlement of Korean government bonds using the Ripple Custody platform, aiming to shorten the standard T+2 cycle to near real-time.

🟣 OpenEden's Updates

→ At Digital Asset Summit 2026 NYC, our Founder and CEO Jeremy Ng sat down with TheStreet to share why we started with tokenized money market funds, and what's next.
→ As a partner of Kaia, we're proud to support KIP, a strategic initiative to bring sustainable capital and institutional-grade products into the ecosystem.
→ Our Founder and CEO Jeremy Ng will be in Hong Kong for Web3 Festival from 20-23 April. Catch him on stage at the main conference on 20 Apr as he discusses the tokenization blueprint of traditional finance.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2045135051286093934?s=20

At OpenEden, safety and yield have been paramount in our blockchain architecture.

From day one of the launch of USDO, our custom-built CCIP adapter, which connects directly to Chainlink's bridge, has enforced rate limits for transfers between any two chains. This serves as a circuit breaker, capping exposure during unexpected large-scale cross-chain activity.

This proactive engineering is one of the reasons USDO and cUSDO continue to deliver a safe product with real yield, fully backed by tokenized US Treasuries, including the BNY-Managed TBILL Fund that is rated "AA+" by S&P.

Access USDO → https://app.openeden.com/usdo?chain=mainnet
Access cUSDO → https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-335/deposit

https://x.com/OpenEden_X/status/2046232160894619957?s=20

Diversification, the central theme in Nomura’s latest survey.

More institutions are approaching crypto as a diversifier. With most targeting 2–5% exposure and exploring yield strategies, tokenized assets and stablecoins are becoming part of their portfolio construction.

PRISM is built to meet this growing institutional demand, offering a multi-strategy approach to on-chain yield within a regulated structure.

https://www.coindesk.com/business/2026/04/19/nomura-study-says-65-of-institutional-investors-see-crypto-as-a-vital-portfolio-diversifier

https://x.com/OpenEden_X/status/2046553951257153618?s=20

The UK Treasury announced yesterday that stablecoins, tokenized deposits, and traditional payment services will sit under a single regulatory framework, unveiled at London Fintech Week.

When a G7 government stops treating stablecoins as a crypto-adjacent concern and starts legislating them alongside conventional payment infrastructure, the market structure question shifts from "if" to "how."

Regulated, Treasury-backed stablecoins are built for exactly this kind of framework.

https://www.gov.uk/government/news/uk-fintech-backed-to-embrace-future-payments-technology

https://x.com/OpenEden_X/status/2046866246042624269?s=20

Stablecoins processed $33T in transaction volume in 2025, more than double Visa's $14T.

But the more telling data point from Binance Research: cross-border payments and FX are the top priority use cases for global transaction banks adopting stablecoins.

Institutions are looking for settlement infrastructure that is faster, cheaper, and available around the clock.

That is the market USDO is built for. Regulated, yield-bearing, and fully backed by tokenized US Treasuries, USDO gives institutions a stablecoin that earns while it moves.

https://x.com/OpenEden_X/status/2046881871032881663?s=20

$TBILL is among the fastest-growing tokenized T-bill funds over the past 30 days.

This is the direction where on-chain capital is moving toward.

https://x.com/OpenEden_X/status/2047234310802207101?s=20

#OpenDigest | 24 April 2026

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse

→Total stablecoin market cap: $320.76B
→Total RWA on-chain market cap: $30.05B
→Total stablecoin holders: 245.94M
→Total RWA assets holders: 733,208

🟣 Top Headlines

→ The head of the Bank for International Settlements – BIS made a fresh call for international cooperation on stablecoins, describing it as vital to prevent ‌severe market fragmentation.
→ The UK Treasury announced a regulatory package to consolidate stablecoins and tokenized deposits into a single framework alongside traditional payment services.
→ As of April 2026, T-bills on various protocols reached $14B. T-bills tokenization is still growing on multiple chains and is unaffected by crypto shakedowns or the recent losses in DeFi.
→ The market capitalization of tokenized RWAs has grown nearly 20-fold over the past three years, surpassing $29 billion as institutional adoption accelerates across private credit, government debt, and commodities.
→ The Securities and Futures Commission (SFC) in Hong Kong has launched a new framework that allows authorized tokenized funds to be traded around the clock on licensed platforms.

🟣 OpenEden's Updates

→ USDO and cUSDO continue to deliver safe and real yield, fully backed by tokenized US Treasuries, including the BNY-Managed TBILL Fund that is rated "AA+" by S&P Global.
→ At the RWA Forum during Korea Buidl Week, our Founder & CEO Jeremy Ng shared how we are bringing institutionally structured assets on-chain with partners like BNY and enabling more efficient capital flows through products including USDO and cUSDO.
→ Jeremy Ng, our Founder and CEO, spoke on a panel at Web3 Festival to explore how structure across legal frameworks, product design, and infrastructure enables tokenized assets to fit within institutional capital allocation.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2047601313773674851?s=20

The State of RWAfi report by DefiLlama and DL Research found that only $2.8B of the $28.6B tokenized RWA market cap is actively deployed in DeFi.

The report's key takeaway: the next phase of RWAs will be driven by utility, composability, and regulatory clarity.

Tokenized assets designed for composability and operating under regulatory oversight, like USDO, are structurally positioned for that phase.

https://assets.dlnews.com/dlresearch/The-State-of-RWAfi_Q1-2026_report.pdf

https://x.com/OpenEden_X/status/2048687359047368817?s=20

Nathan Paitchel, our Head of Partnerships, will be in Miami from 5–7 May for Consensus Miami Week.

We'll also be at The Capital Summit on 5 May, where builders and leaders from across the tokenization and institutional space will convene to shape how capital moves on-chain.

See you in Miami!

https://x.com/OpenEden_X/status/2048707481367642579?s=20

The ETF trends report by J.P. Morgan stated that tokenization will drive market changes across the funds industry.

We're already seeing it play out across Treasuries, stablecoins, and fixed-income products.

TBILL. USDO. HYBOND.

https://www.jpmorgan.com/insights/securities-services/custody/etf-trends 

https://x.com/OpenEden_X/status/2048716676229918755?s=20