Our Co-Founder and CTO, Duke Du, will be speaking at Coinfest Asia to share more on how tokenization is shaping the future of finance.

Meet him in Bali from 20-21 Aug!

https://x.com/OpenEden_X/status/2079462850645594196?s=20

BNY Investments, a global leading Asset Manager with $2.2 trillion AUM, has partnered with OpenEden to bring its BNY Mellon Global Short-Dated High Yield Bond Fund on-chain (“HYBOND”).

The $2.36B fund has a ten-year track record and invests in a globally diversified portfolio of short-dated, high-yield corporate bonds. Its 3-year annualized return is 9.47%, and the current portfolio has an average yield to expected maturity of ~7% and an average expected maturity of 2.4 years.

HYBOND, the first tokenized high yield bond offering in the market, gives eligible investors 1:1 on-chain exposure to the bond fund with daily liquidity and no lock-up.

🟣 Why High Yield Bond Exposure Now

Most tokenized products to date have focused on treasuries and cash equivalents. By tokenizing the BNY Mellon Global Short-Dated High Yield Bond Fund, we move the exposure further down the credit curve into a strategy designed to capture the credit risk premium while keeping interest rate risk low through shorter duration.

In its recent market insights, BNY noted that global short-dated high yield bonds help deliver a transparent carry profile without the complexity of longer-duration positions. BNY also pointed to a strong technical backdrop: high absolute yields, low default rates, and a solid institutional investor base, which supports the case for short-dated high yield bonds.

🟣 Borrow Against It: Portfolio Financing, Now On-Chain

Private banking offers Lombard loans: instead of liquidating a position to raise cash, the client pledges the portfolio and borrows against it. They stay invested and continue to earn carry while putting the borrowed liquidity to work elsewhere.

HYBOND brings that same construct on-chain. A new HYBOND market is live on Euler Labs. The market, curated by Clearstar Labs AG, marks the first time a tokenized high yield bond fund can be posted as on-chain collateral for borrowing. Holders deposit HYBOND, borrow USDC against it at up to 70% LTV, and retain exposure to the underlying bond strategy for the life of the loan.

Private banks screen a bond sleeve on volatility, risk-adjusted return, duration, and liquidity before lending against it. The Key Facts below show how the underlying fund measures against that screen and support the 70% LTV on Euler's HYBOND market.

🟣 BNY Mellon Global Short-Dated High Yield Bond Fund Key Facts (30 June 2026)

→ Annualized return: 7.18% (1y), 9.47% (3y), 6.78% (5y)
→ Avg. yield to expected maturity: ~7%
→ Avg. expected maturity: 2.4 years
→ Annualized 3-yr Sharpe ratio: 1.96x
→ Annualized 3-yr standard deviation: 2.39%
→ Daily subscription and redemption, with no lock-up
→ Min. investment: $10,000 initial, $1,000 subsequent

Held, HYBOND earns carry. Pledged, it raises liquidity without giving up that carry. Tokenized treasuries already move freely as collateral. HYBOND brings that same utility to actively managed high yield credit.

Access HYBOND here: https://app.openeden.com/hybond?chain=mainnet

https://x.com/OpenEden_X/status/2079649449148850637?s=20

Another week of running the HYBOND market on Euler, now with boosted EDEN incentives on both sides of the market.

Receive higher incentives from now till 29 July. Claimable on Merkl.

https://x.com/OpenEden_Fdn/status/2080213873442038240?s=20

BNY, the world’s largest custody bank, is building towards an always-on market. Earlier this year, it facilitated an after-hours Treasury transaction involving OpenEden and Ripple after Fedwire Securities had closed.

The trade demonstrates how Treasury activity supporting digital assets can continue beyond conventional market cut-off times. It also points to BNY's broader effort to close the structural gap between 24/7 on-chain markets and settlement that still follows traditional operating windows.

OpenEden was built for this transition. TBILL brings US Treasuries on-chain. USDO brings Treasury-backed yield into a regulated yield-bearing stablecoin. HYBOND expands on-chain fixed income with tokenized access to the BNY Mellon Global Short-Dated High Yield Bond Fund.

https://www.bloomberg.com/news/articles/2026-07-22/bny-pushes-toward-24-7-treasury-settlement-for-digital-assets

https://x.com/OpenEden_X/status/2080514627302228392?s=20

#OpenDigest | 24 July 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: $309.689B
→Total RWA on-chain market cap: $36.72B
→Total stablecoin holders: 276.79M
→Total RWA assets holders: 1,309,776

🟣 Top Headlines
→ According to a new survey from Broadridge, tokenization has become a strategic priority for much of Wall Street, with 84% of financial institutions saying the technology is important to their business.
→ The value of tokenized US Treasuries has surged nearly 2.5 times in a year, based on latest data from RWA.xyz. The value of tokenized US Treasuries, which stood at $6.51 billion on 20 July 2025, has surged to $15.92 billion within a span of a year.
→ Brazil’s securities regulator forms a task force, the Securities Tokenization Working Group, with 60-day deadline for tokenization proposal. Its scope covers essentially every layer of the tokenized securities stack: registration, custody, trading, settlement, cybersecurity, and operational risk.
→ Goldman Sachs CEO David Solomon has thrown his support behind the CLARITY Act, saying the legislation would provide much-needed regulatory certainty for the digital asset industry even as some of Wall Street's biggest banks continue to oppose key provisions of the bill.

🟣 OpenEden's Updates
→ Our Co-Founder and CTO, Duke Du, will be speaking at Coinfest Asia to share more on how tokenization is shaping the future of finance.
→ BNY Investments, a global leading Asset Manager with $2.2 trillion AUM, has partnered with OpenEden to bring its BNY Mellon Global Short-Dated High Yield Bond Fund on-chain (“HYBOND”).
→ Another week of running the HYBOND market on Euler Labs, now with boosted EDEN incentives on both sides of the market. Receive higher incentives from now till 29 July. Claimable on Merkl.
→ BNY is building towards an always-on market with 24/7 settlement. Earlier this year, it facilitated an after-hours Treasury transaction involving OpenEden and Ripple after Fedwire Securities had closed.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2080652817480749081?s=20

A stablecoin is only as sound as its backing.

Our Head of Americas, Nathan Paitchel, will join Spout Finance and Huma Finance today to unpack what changes when that backing is real yield.

🗓️27 Jul, 2PM UTC

https://x.com/i/spaces/1nJOLLaPdbvxR?s=20

Are tokenized RWAs genuinely diversifying portfolios, or simply repackaging familiar yield on new rails? And beyond the market projections, who are these products actually being built for?

Tomorrow, our Chief Strategy Officer, Stephanie Chew, will be joining a panel at Malaysia Blockchain Week to address these questions and more.

🗓️29 Jul, 2:15PM UTC+8
📍DFNS Institutional Stage, Malaysia Blockchain Week

https://x.com/OpenEden_X/status/2081996938489262536?s=20

Large on-chain allocators in RWA markets invest the most in tokenized credit and Treasuries because these products closely mirror their off-chain equivalents and align with the allocators’ risk mandates and investment objectives.

HYBOND is precisely designed for them. It is the first tokenized high yield bond offering in the market, providing eligible investors 1:1 exposure to the BNY Mellon Global Short-Dated High Yield Bond Fund.

The fund is managed by BNY Investments, a global asset manager with approximately $2.2 trillion in AUM. It has a track record dating back to 2016, and its current portfolio has a 3-year annualized return of 9.47% and an average yield to expected maturity of ~7%.

At scale, HYBOND's institutional profile makes it much easier for allocators to evaluate, underwrite, and size meaningfully. But holding it is only half of what they can do with it.

The HYBOND market on Euler Labs marks the first time a tokenized bond fund can be posted as on-chain collateral for borrowing. The allocator can post the token as collateral, borrow USDC, and retain exposure to the underlying bond strategy.

For allocators who have built positions in tokenized Treasuries, HYBOND is the next asset class to add. It moves down the credit curve into managed corporate bonds without leaving the on-chain rails they already use.

https://x.com/jeremyng777/status/2082320830865031360?s=20

BNY Investments brings institutional scale and deep fixed-income expertise to the strategy behind HYBOND. The firm manages approximately $2.2 trillion in assets, while Insight Investment, its specialist fixed-income investment firm, manages €230.2 billion in global fixed-income assets with 167 fixed-income specialists.

In 2025, Insight Investments ranked first for Overall Fixed Income Quality among UK investment consultants, its tenth first-place ranking in 12 years, and was named Best Asset Manager for Institutional Investment in the UK for the eighth time in 11 years.

In the full thread, we examine how BNY Investments’ fixed-income capabilities translate into the management of the underlying strategy, and how tokenization changes the way investors access and finance the position without changing the investment process behind it.

Read the full thread here: https://x.com/OpenEden_X/status/2082417582448222387?s=20

OpenEden has partnered with Symbiotic Liquid Lane to enable instant settlement for HYBOND, the tokenized BNY Mellon Global Short-Dated High Yield Bond Fund.

HYBOND brought the fund on-chain. Symbiotic Liquid Lane now adds a T+0 liquidity layer. Clearstar Labs and Amber Group provide the liquidity.

Tokenized funds typically retain the multi-day redemption cycles of their underlying structures. Liquid Lane gives eligible HYBOND holders a route to USDC on the trade date, bringing the speed of on-chain liquidity to an actively managed corporate bond strategy.

https://x.com/symbioticfi/status/2082433461143429414?s=20

#OpenDigest | 31 July 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: $307.472B
→Total RWA on-chain market cap: $36.82B
→Total stablecoin holders: 278.80M
→Total RWA assets holders: 1,446,949

🟣 Top Headlines

→ BNY to unveil a digital version of its transfer agency business, which processes trades and keeps ownership records.
→ According to Wintermute’s latest market report, institutions accounted for roughly 72% of spot trading volume on its OTC desk during the first half of 2026, the highest share on record and a sharp increase from about 61% in the second half of last year.
→ J.P. Morgan says that the falling odds of the Clarity Act passing the US Senate before year-end are a setback for crypto markets, as parts of the current draft of the crypto bill could discourage institutional participation.
→ Morgan Stanley executives say the era of traditional 9-to-5 banking is ending as markets move toward 24/7 trading and settlement through tokenized assets.
→ Project Agorá, which brings together five central banks and 28 commercial lenders, processed roughly $1 million in real-value transactions. The payments settled in an average of about 80 seconds.

🟣 OpenEden's Updates

→ Our Head of Americas, Nathan Paitchel joined Spout Finance and Huma Finance in an X Space to unpack what changes when stablecoins are backed by real yield.
→ BNY Investments actively manages the BNY Mellon Global Short-Dated High Yield Bond Fund, now available on-chain through HYBOND. Its role is to assess whether each bond’s yield adequately compensates investors for its credit risk and how that exposure fits within the wider portfolio. Find out why the investment manager is an essential part of the investment proposition.
→ OpenEden has partnered with Symbiotic Liquid Lane to enable instant settlement for HYBOND, the tokenized BNY Mellon Global Short-Dated High Yield Bond Fund.
→ The incentives continue for both sides of the HYBOND market on Euler Labs! For another week, participants can receive boosted EDEN incentives, distributed through Merkl.
→ Tokenized markets are expanding beyond Treasuries, and so is OpenEden: from TBILL to USDO, PRISM, and now HYBOND.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2083130879602463150?s=20

In crypto, it is not always easy to see what sits behind a tokenized asset.

The HYBOND Data Room brings everything into one place, from the BNY Mellon Global Short-Dated High Yield Bond Fund’s performance and holdings to its portfolio characteristics, risks and key documents.

https://openeden.com/hybond/data-room/

https://x.com/OpenEden_X/status/2084486742283866112?s=20

OpenEden has achieved a security milestone with the ISO/IEC 27001:2022 certification.

The certification validates that OpenEden's information security management system and the controls supporting its tokenization platform conform to the industry’s highest standards.

Institutional-grade finance requires institutional-grade security.

Read the full announcement: https://openeden.com/news/openeden-achieves-iso-27001-certification/

https://x.com/OpenEden_X/status/2084964469290176605?s=20

What is agentic treasury, and can AI autonomously manage capital on-chain?

Tomorrow, our Chief Strategy Officer, Stephanie Chew, will join the Agentic Payments & Treasury Summit Singapore 2026 to assess whether agentic treasury is ready for real-world use or whether its concept is premature given today's AI capabilities.

https://x.com/OpenEden_X/status/2085279827653968095?s=20

Digital assets are increasingly evaluated using established risk frameworks. 

S&P Global Ratings’ latest stablecoin assessment reflects that rigor by evaluating peg stability, liquidity, and other key indicators.

The same discipline extends to tokenized funds, with OpenEden’s TBILL Fund rated “AA+f/S1+” by S&P Global Ratings.

As more financial products move on-chain, independent standards for understanding their risks will become an increasingly important part of the market.

https://markets.ft.com/data/announce/detail?dockey=600-202608041308PR_NEWS_USPRX____LN18944-1

https://x.com/OpenEden_X/status/2085580233420500999?s=20

#OpenDigest | 7 August 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: $300.422B
→Total RWA on-chain market cap: $38B
→Total stablecoin holders: 281.59M
→Total RWA assets holders: 1,653,520

🟣 Top Headlines

→ A new CoinShares and Token Terminal report found deposits into lending platforms and DEXs more than tripled YoY to $7.4 billion, driven by conventional assets like tokenized Treasuries, private credit, and gold token. Meanwhile, total DeFi deposits fell around 15%.
→ Wells Fargo has announced their plans to launch tokenized deposits for corporate and commercial clients, which will initially cover US dollars and British pounds for cross-border payments.
→ Mastercard has completed the acquisition of stablecoin infrastructure firm BVNK and will leverage their expertise to help financial institutions, fintechs and enterprises scale use cases involving stablecoins and tokenized assets.
→ Cloudflare is in the early stages of rolling out programmable wallets designed to let AI agents pay for APIs, data and online content using stablecoins, adding a key piece of infrastructure to its agentic commerce ecosystem.

🟣 OpenEden's Updates

→ Our Founder and CEO Jeremy Ng shared a recap of his recent NYC trip, including spending time with the BNY team.
→ The HYBOND Data Room brings everything into one place, from the BNY Mellon Global Short-Dated High Yield Bond Fund’s performance and holdings to its portfolio characteristics, risks and key documents.
→ OpenEden has achieved a security milestone with the ISO/IEC 27001:2022 certification, which validates that our information security management system and the controls supporting its tokenization platform conform to the industry’s highest standards.
→ Our Chief Strategy Officer, Stephanie Chew, joins the Agentic Payments & Treasury Summit Singapore 2026 to assess whether agentic treasury is ready for real-world use or whether its concept is premature given today's AI capabilities.
→ On her panel at Malaysia Blockchain Week, our Chief Strategy Officer, Stephanie Chew, discussed on whether tokenized RWAs is a hype cycle or genuine portfolio diversifier.

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2085660856562659499?s=20