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Eugene Ng 🌊 (I’m Hiring) Profile picture
Eugene Ng 🌊 (I’m Hiring)
@Eug_Ng
@OpenEden_Labs Asia/EU largest TBILL RWA issuer | Founding Partner @DWFLabs for MM/OTC/VC | Ex @Gemini @Barclays @Citi @DeutscheBank | views NFA, DYOR 🎢
Apr 4, 2023 • 14 tweets • 4 min read
Today, I'm happy to unveil @OpenEden_HQ, the first smart contract vault managed by a regulated financial institution to offer 24/7 direct access to US Treasuries.

Our on-chain vault is a natural product-market fit for crypto treasuries, DAOs, DeFi protocols and VC funds today. 1/ First, why T-Bills? There are loads of reasons to like T-Bills today:

>AAA-rated sovereign debt backed by the full faith and credit of the US govt
>Subdued DeFi yields
>Sticky inflation
>Fear of more bank runs
>~130B of outstanding USD coin supply
>Fed terminal rate 5%-5.25%