OpenEden Airdrop Countdown: Can the RWA Rising Star EDEN Create Another Legend?

On September 30, 2025, the highly anticipated real-world asset tokenization protocol OpenEden officially logged in to the mainstream CEX Alpha platform, with its native token EDEN simultaneously launching airdrop claims and trading, injecting new vitality into the rapidly growing RWA sector.

In 2025, when traditional finance and decentralized finance are rapidly merging, OpenEden, as an RWA project that received a $5 million investment from Yzi Labs, has accumulated over $350 million in total locked value before its launch, thanks to its TBILL Token fully backed by US Treasury bonds and USDO stablecoin.

With the official launch of the EDEN Token on the mainstream CEX Alpha on September 30, the project not only prepared an airdrop reward of 2% of the total supply for eligible users but also aims to become a key bridge connecting traditional finance and the DeFi world.

01 Project Positioning: Compliance-Oriented RWA Tokenization Platform

According to news from the OpenEden Foundation, the EDEN Airdrop query tool is now online, and users can log in through the official website link to check their allocation status. Airdrop claims will officially open at 18:30 Beijing time on September 30, 2025.

In this airdrop, 7.5% of the total supply of EDEN will be allocated for the Bills points program, with an additional 0.25% distributed to the "shared reward pool." Participants with over 10,000 Bills points will qualify for the allocation.

OpenEden was established in 2022 as an institutional-grade tokenization platform focused on bringing real-world assets onto the blockchain. The project operates through entities registered in the British Virgin Islands and Bermuda, strictly adhering to regulatory requirements to provide compliant on-chain access for institutional capital.

The core mission of the platform is to unlock trillions of dollars in illiquid traditional financial assets, providing investors with 24/7 access to yield-bearing assets such as U.S. Treasuries through tokenization technology.

Unlike traditional DeFi protocols, OpenEden has positioned compliance and institutional-grade standards as its core advantages since its inception. It has not only obtained a AA+f fund credit quality rating from S&P and an S1+ fund volatility rating but also earned a "A-bf" bond fund rating from Moody's.

In terms of custody, OpenEden has chosen to collaborate with one of Wall Street's oldest custodians - Bank of New York Mellon, which is responsible for the asset management and custody of its tokenization of U.S. Treasury products. This collaboration greatly enhances the project's credibility and institutional appeal.

02 Core Product: Dual-Driven Tokenization Asset Matrix

OpenEden has built two core products to provide on-chain exposure to U.S. Treasury bonds for investors with different needs.

TBILL Token is the flagship product of OpenEden, representing a portfolio of short-term U.S. Treasury bonds and overnight reverse repurchase agreements. Each TBILL Token is pegged 1:1 to short-term U.S. Treasury bonds and U.S. dollars, and its value increases with the yield of the underlying U.S. Treasury bonds.

This product is primarily aimed at qualified institutions and professional investors, with a minimum investment threshold of 100,000 USDC. The unique aspect of the TBILL Token is that it is the first tokenized U.S. Treasury fund to receive a "A" rating from Moody's and is managed by global custodians.

USDO Stablecoin is another innovative product launched by OpenEden. It is a regulated, yield-bearing stablecoin fully backed by U.S. Treasury securities and reverse repurchase agreements. USDO comes in two forms: the standard USDO, which is pegged to $1 through daily adjustments, with user earnings reflected in balance changes; and cUSDO, which maintains a constant balance, with accumulated earnings reflected in price increases.

It is worth noting that cUSDO has been integrated as the first "yield-bearing off-chain collateral" on the MirrorRSV of Triparty and Ceffu, allowing institutional users to continue earning yields from the collateral while trading.

03 Token Economy: EDEN's Distribution and Release Mechanism

The EDEN Token is designed with a fixed total supply of 1 billion coins, and its distribution structure aims to balance immediate liquidity, team incentives, and long-term sustainability.

The official released token economics shows that the initial circulation of EDEN at launch was 183.87 million tokens, accounting for 18.39% of the total supply. This controlled initial circulation ratio helps to reduce selling pressure in the early stages of listing, providing a more stable launch environment for the token price.

Specific allocation aspects: Airdrop accounts for 7.5%, used to reward early participants; ecosystem and community incentives account for 38.5%, used for staking rewards, liquidity mining, and exchange listings; early adopters account for 6%; foundation reserves account for 10%; investor shares account for 18%, with a 6-month lock-up period and 24-month linear release; team and advisors account for 20%, with a later release plan.

To promote Token distribution, OpenEden has designed a multi-layer Airdrop strategy. In addition to the Airdrop from mainstream CEX Alpha, the project has also reserved 7.5% of the total supply to reward early USDO participants. Users can accumulate Airdrop eligibility through various means such as holding USDO and providing liquidity.

04 Market Performance: TVL Growth and Institutional Recognition

OpenEden has demonstrated strong market appeal prior to its official launch. As of September 29, 2025, the total locked value of this protocol exceeds $350 million, making it one of the largest tokenization issuers of U.S. Treasury bonds in Asia and Europe.

The asset management scale of its TBILL product has grown particularly significantly, increasing from $119 million on January 1, 2025, to $287 million in September, a growth rate of 156%, reflecting the market's strong interest in regulated on-chain cash management solutions.

In pre-market trading, the price of the EDEN Token on Gate is approximately $0.7832. Although it has decreased by 16% in the past 24 hours, the market expectation for its listing price on major exchanges remains between $0.70 and $1.00. Analysts predict that in a bull market scenario, EDEN could reach $5 in the short term.

OpenEden's market position is also attributed to its extensive partner network. The project has integrated with mainstream DeFi protocols such as Curve and Pendle, allowing users to stake TBILL in the liquidity pools of these platforms to earn an annual yield of 4-5%.

05 Expert Opinion: The Potential and Challenges of the RWA Track

Industry experts generally have a positive evaluation of OpenEden, while also pointing out the common challenges faced in the RWA field.

Cryptocurrency analyst 0xTodd believes that the reasons to participate in OpenEden include: "The airdrop rate of 7.5% is higher than the industry norm of 5%-6%; the custodians are traditional legitimate companies like Bank of New York Mellon; liquidity arrangements are reasonable, with high point rewards concentrated on LPs like USDO-USDC; combined with RWA narrative and led by mainstream CEX."

From an industry perspective, RWA is one of the fastest-growing DeFi narratives by 2025. The total value of on-chain RWA increased from $15 billion in January 2025 to over $29 billion in September, achieving a doubling in growth. By 2030, the market growth forecast ranges from $2 trillion (McKinsey) to $16 trillion (Boston Consulting Group).

06 Risks and Challenges: Uncertainties on the Path Forward

Although the prospects for OpenEden are promising, investors still need to be aware of the following risks:

Regulatory uncertainty is the main challenge facing the RWA sector. Although OpenEden has established a compliance foundation through the regulatory frameworks of the British Virgin Islands and Bermuda, the regulatory policies regarding tokenized assets are still evolving in various countries, and cross-border compliance complexities may affect project expansion.

Technical risks cannot be ignored either. Although OpenEden has collaborated with traditional financial institutions such as Bank of New York Mellon to reduce custody risks, technical risks such as smart contract vulnerabilities and cross-chain bridge attacks still exist.

Market competition is rapidly intensifying. OpenEden not only needs to compete with BlackRock's BUIDL fund (currently the largest on-chain RWA asset, valued at over $2.2 billion), but also faces the expansion of established DeFi protocols like Frax and Ethena in the RWA space.

In addition, the implementation effect of the token economic model still needs to be tested by the market. Investors hold an 18% share with a 6-month lock-up period, which reduces short-term selling pressure but may lead to increased selling pressure in the subsequent unlocking phase.

07 Future Outlook: Expanding from US Treasury Bonds to Diversified Assets

OpenEden's future development roadmap showcases its ambition to surpass the tokenization of U.S. Treasury bonds.

The project plans to expand to more asset classes to enhance the liquidity of the DeFi ecosystem. This expansion may include private credit, commodities, and other asset classes that are currently only partially tokenized.

In terms of technical integration, OpenEden is actively promoting integration with more blockchain networks. Currently, it supports Ethereum, BNB Smart Chain, and Base, and may further expand cross-chain interoperability in the future.

OpenEden is also actively involved in the construction of key industry infrastructure. As one of the eight bidders for Hyperliquid's native stablecoin USDH, OpenEden commits that if it wins the bid, it will use the profits generated from the minting and redemption of USDH to repurchase Hyperliquid's HYPE Token and distribute it to validators. This initiative demonstrates OpenEden's determination to deepen its engagement in the RWA ecosystem.

Conclusion

With the official launch of EDEN Token trading on September 30, OpenEden not only adds new vitality to the RWA track in 2025, but more importantly, it provides another key infrastructure for connecting traditional finance and the DeFi world.

From a broader perspective, OpenEden represents an important trend of the cryptocurrency industry shifting towards pragmatism - no longer solely pursuing pure decentralization, but rather bringing the efficiency and transparency of blockchain technology into the traditional financial sector within a compliance framework.

Despite the ongoing challenges of regulation, technology, and market competition, the initial success of OpenEden has already demonstrated that there exists a vast blue ocean between the crypto capital eager for returns and traditional finance seeking efficiency.