OpenEden partners with Sequoia-backed Failsafe to strengthen security.

The $200 million RWA platform goes beyond one-time audits to build a "continuous security system."

OpenEden, a real-world asset (RWA) tokenization platform, announced today that it is partnering with blockchain security specialist FailSafe to strengthen the security of its on-chain financial infrastructure.

Failsafe is a global security company backed by Sequoia Capital and Dragonfly Capital, with extensive experience auditing smart contracts and protecting large-scale digital assets.

This collaboration focuses on establishing a continuous security review and incident response system covering infrastructure, smart contracts, and operations, rather than a one-time security audit.

Through this, OpenEden plans to elevate the platform's stability and security to the next level and strengthen trust with institutional partners and users.

OpenEden is an institutional-grade RWA platform that operates TBILL, a tokenized fund backed by U.S. Treasury bonds, and USDO, an interest-bearing stablecoin, with a total value locked (TVL) of approximately $200 million.

The market is evaluating this collaboration as an example of strengthening the institutional-level security reliability required in the RWA sector.

An industry insider commented, "For traditional financial institutions to enter the on-chain asset market, a bank-level security system is essential," adding, "Having a continuous security monitoring system that goes beyond one-time audits is a positive sign for attracting institutional funds."

Joohoon Choi joohoon@blockstreet.co.kr