OpenEden jointly launches PRISM, bringing a new multi-strategy tokenized yield product to the RWA ecosystem

OpenEden, FalconX, and Monarq jointly announce the launch of the tokenized yield investment portfolio PRISM. This product seeks stable returns through multi-strategy quantitative models and maintains low correlation with cryptocurrency prices. Users can stake PRISM to receive xPRISM certificates, with yields accumulating over time. The product is based on the Ethereum network and is currently conducting a limited pre-deposit campaign.

Interpretation of PRISM’s Investment Strategy

PRISM employs a four-layer progressive investment strategy, each corresponding to different risk-return characteristics:

• Spot-Futures Arbitrage: Profiting from price differences between spot and futures markets, a relatively low-risk strategy
• Over-collateralized Secured Lending: Targeting institutional counterparties, profiting from lending spreads
• On-chain Yield Platform Participation: Connecting to mature DeFi yield protocols
• RWA Asset Allocation: Including tokenized real-world assets supported by U.S. Treasuries

What makes this portfolio special is that it is not just a simple stacking of individual strategies but is dynamically managed by Monarq’s active quantitative models. According to recent information, the yield-bearing stablecoin based on U.S. Treasuries (such as OpenEden’s USDO) currently has an annualized yield of between 3.45% and 4%. As a multi-strategy portfolio, PRISM’s yield potential is worth关注.

The Ecosystem Maturity Reflected in the Tripartite Division

Roles of each party

OpenEden has deep experience in the RWA field, with products like USDO becoming representatives of U.S. Treasury tokenization. FalconX, as an institutional trading infrastructure provider, offers counterparty and liquidity support for PRISM. Monarq is responsible for quantitative strategy management and investment decisions. This division of roles reflects the gradual move toward specialization and modularization in the RWA ecosystem.

Market Background

According to the latest news, Solana RWA TVL has exceeded $1 billion, with a year-over-year growth of 140%. This indicates that the entire RWA ecosystem is maintaining rapid growth into 2026. Tokenized yield products are becoming a core application within the RWA ecosystem.

PRISM’s Market Positioning

PRISM fills an interesting niche: it is neither a simple stablecoin nor a traditional yield aggregator but a “yield investment portfolio.” This positioning has several advantages:

First, multi-strategy portfolios can better respond to market changes compared to single strategies. When one strategy’s returns decline, others can compensate. Second, its low correlation with cryptocurrency prices means it can serve as a stabilizer in an investment portfolio. Third, through the value accumulation mechanism of xPRISM, users can see the real appreciation of their investment.

Future Outlook

PRISM is currently based on Ethereum, but the team has explicitly stated that it will gradually expand to more networks. Considering the rapid development of RWA ecosystems on chains like Solana, cross-chain deployment could be key to PRISM’s growth. Additionally, the pre-deposit activity indicates a cautious rollout, demonstrating responsible management of user expectations and product risks.

My personal view is that PRISM represents an evolution of the RWA ecosystem from “asset tokenization” to “yield productization.” This direction is likely to become an important trend in the RWA sector by 2026.

Summary

The launch of PRISM marks a move toward more complex and professional products within the RWA ecosystem. The tripartite collaboration reflects the professional division of roles among ecosystem participants, and the multi-strategy approach demonstrates a deep understanding of user needs. In the context of increasing competition among stablecoin yield products, multi-strategy yield products like PRISM may open new competitive dimensions. It is worth closely monitoring the progress of its pre-deposit campaign and its performance after official launch.