Series A completed ✅ After $WOO Network's tremendous growth in 2021, a larger group of strategic backers are set to join us on this journey to mass adoption. Thanks to these partners and investors, our vision is larger and more attainable than ever.

Institutional-grade USDH, powered by OpenEden We propose that USDH, Hyperliquid’s canonical stablecoin, be anchored in regulatory compliance, independent credit ratings, and Tier-1 banking partnerships. Our distinct blend of regulated issuance, independently rated reserves, and deep traditional finance connectivity uniquely positions OpenEden to scale USDH for both crypto-native users and institutional participants. What is OpenEden? @OpenEden_X is a forerunner in institutional-grade tokenized real-world assets and Asia's largest issuer of on-chain US treasury bills. Since our inception in 2022, we have taken a compliance-first approach by ensuring our operations are governed by a robust regulatory framework. This approach has resulted in a proven track record of launching regulated, institutional-grade products, including USDO, a stablecoin issued by a Bermuda-regulated and licensed token issuer; and TBILL, a tokenized money market fund with one of the longest track records, and one of only three funds holding dual ratings: A by Moody’s and AA+f/S1+ by S&P. TBILL also serves as USDO’s on-chain reserve assets and is under the custody and investment management of BNY (Bank of New York), America’s oldest bank, a Top 10 global asset manager, and the world’s largest custodian bank. By combining independently rated reserves with Tier-1 institutional stewardship, OpenEden delivers best-in-class investment management, custody, and operational efficiency. This foundation of a regulated framework and institutional partnership reflects our broader mission: to expand access to secure, compliant on-chain finance by partnering with winning platforms. We believe Hyperliquid is that platform, and the next phase of its growth requires an institutional-grade stablecoin. Why OpenEden for USDH? • Global Regulatory Coverage and Reach OpenEden operates under a regulated framework. OpenEden Digital, the wholly-owned subsidiary and token issuing arm of the OpenEden Group, has obtained a Class M Digital Asset Business License from the Bermuda Monetary Authority (“BMA”) to issue digital assets. The BMA had conducted a deep examination into OpenEden's business, tech, compliance, and risk management processes and procedures prior to making its decision to grant the approval. OpenEden Digital operates its licensed digital asset issuance out of a bankruptcy-remote Bermuda-registered segregated accounts company (SAC). This bankruptcy-remote segregated account structure held by a regulated SAC ensures that the assets backing USDH remain legally segregated from the liabilities of the issuer, giving holders stronger protection and confidence that reserves are insulated even in the event of issuer insolvency. ✅ Regulatory oversight and compliant distribution • Comprehensive Funding Capabilities OpenEden provides seamless on- and off-ramp access to our tokenized products through institutional-grade banking rails and custody services. Users can mint and redeem USDH directly in fiat via OpenEden’s US banking partners as well as in USDC, ensuring frictionless movement of capital between traditional financial markets and the Hyperliquid ecosystem, regardless of the type of subscription assets. The reserve assets of USDH will be backed by BNY’s custody and investment management, this infrastructure provides a secure, trusted, and scalable pathway to enter the Hyperliquid ecosystem via USDH. ✅ Frictionless on- and off- ramp access through banking rails and custody services • Strategic TradFi Integration With regulated custody, dual credit ratings, and established banking partnerships, OpenEden bridges the gap between traditional finance and Web3. If powered by OpenEden, we can help USDH to be well-positioned for adoption by crypto-native users and to serve as a globally credible settlement asset that can be integrated into institutional workflows, payment systems, and treasury management. ✅ Clear path for Hyperliquid to attract new institutional, enterprise, and retail participants Why USDH? The biggest opportunity in the Hyperliquid ecosystem is ensuring that the revenue generated from stablecoin balances and trading fees flows directly back to ecosystem builders and users. USDH, built with OpenEden, addresses this with unmatched scale, aligned incentives, and regulatory oversight. The following unique mechanics will be implemented: • Yield and Fee Distribution: → Minting & Redemption Fees 100% of the fees for minting and redemption of USDH will be directed to HYPE buybacks and redistributed to HYPE validators. All fee revenue flows back to Hyperliquid. → Underlying Yield The reserves backing USDH will be the tokenized US Treasury Bills Fund “TBILL”, which currently generates a net yield of ~4%. For USDH, 100% of the yield will be directed to HYPE buybacks and to fund HYPE ecosystem initiatives. All yield flows back to Hyperliquid. • Strategic Incentives from OpenEden: A total of 3% of the total $EDEN token supply will be earmarked as additional incentives for using USDH across Hyperliquid, with the option for future increases. Consortium of Partners Our vision for USDH is strengthened by a consortium of partners that bring industry-leading capabilities in scalability, security, and interoperability. Together, these partners help ensure USDH is robust at launch and future-ready. • Chainlink, @chainlink Chainlink is the industry-standard oracle platform, bringing capital markets on-chain and powering the majority of decentralized finance (DeFi). For USDH, Chainlink will provide: → CL Data Feeds: the standard for high-quality data across DeFi, delivering secure and accurate pricing for reliable onchain stablecoin valuation. → CL Proof of Reserve (PoR): the most widely adopted onchain proof of reserves solution, providing onchain verification of collateralization for stablecoins and tokenized assets. → CL CCIP: the most secure cross-chain infrastructure enabling secure cross-chain transfers of stablecoins across the multi-chain ecosystem. • BNY, @BNYglobal BNY (The Bank of New York Mellon), the world’s largest custodian and a top-10 global asset manager, serves as custodian and investment manager for the reserves backing OpenEden’s products. With more than $55 trillion in assets under custody and administration, BNY brings unmatched credibility, fiduciary standards, and scale. Furthermore, BNY also offers significant fiat liquidity for redemption if necessary. This partnership is a critical pillar of our value proposition. BNY will provide Tier-1 investment management and custody of USDH’s underlying assets, ensuring the highest levels of security and institutional trust. • AEON Pay, @AEON_Community AEON Pay enables payments at over 20 million merchants across Southeast Asia, Mexico, and Nigeria, with expansion plans for Africa and Latin America. AEON Pay’s integration of cUSDO, the wrapped yield-bearing version of its regulated stablecoin USDO, demonstrates how OpenEden’s stablecoin infrastructure can scale from DeFi into real-world commerce. The same framework that has enabled the adoption of cUSDO and USDO globally will extend to USDH, positioning it as a stablecoin with clear institutional and retail utility. • Monarq, @monarq_mgmt To strengthen USDH’s liquidity profile, Monarq Asset Management, majority owned by @FalconXGlobal, will serve as a dedicated liquidity provider. As an established asset manager, Monarq brings additional depth and resilience to the USDH liquidity framework, helping ensure the stablecoin remains both liquid and dependable across the Hyperliquid ecosystem. Conclusion The launch of USDH, with OpenEden powering the issuance, is a strategic move that brings an unparalleled level of institutional trust and regulatory compliance to the Hyperliquid ecosystem. By aligning the stablecoin's success directly with the HYPE token, we can create a powerful new on-chain initiative that drives liquidity, adoption, and value for all participants.

BREAKING! We are proud to announce our $13.5MM raise, led by @PanteraCapital, with Jump, Lightspeed, Big Brain and more visionary partners. We’re making @solana inevitable with institutional-grade certainty, guaranteed transaction inclusion and advanced scheduling. Here’s how:

We’ve closed a $9.6M Pre‑A round led by @ambergroup_io and @FundamentalLabs to ship production‑grade RGB-Lightning integrations for Bitcoin‑native stablecoin rails. Together, let’s advance Bitcoin, the Lightning Network, and RGB toward sovereign, low‑fee settlement for wallets and merchants. Make Bitcoin smart.