Participated · Equity · Nov 2020

OpenDeFi, powered by OroPocket, is building a protocol that brings tangible assets onto blockchains by issuing fully insured, custodian-held tokens backed 1:1 by physical commodities. Its live pilot already supports tokenized gold and silver, and users can stake these tokens to earn yield, obtain flash loans, swap without slippage, or spend them in real time via asset-backed cards. Because the assets are bridged across chains, OpenDeFi aims to unlock cross-chain liquidity and broader financial inclusion. The startup has struck technical and distribution partnerships with Matic, Tezos, UniLend, Frontier, Rarestone Capital, and others. Looking ahead, it will launch ORO tokens through an Initial DEX Offering (IDO) on 11 November 2020 to widen community ownership and bootstrap network incentives. Financially, OpenDeFi closed a $1 million private sale in October 2020, and its upcoming Uniswap listing targets an initial market cap under $250,000 to mitigate early-stage volatility.