Overview
- The $7 million round was led by Galaxy Ventures with participation from Wintermute Ventures, GSR, Variant, Archetype, FalconX, Nascent and Bankless Ventures.
- Tenbin plans to launch a tokenized gold product in early 2026 with support from prime brokers, including Hidden Road.
- Rather than custody-based wrappers, the platform anchors pricing to CME futures and uses a proprietary hedging system to manage exposure.
- The model seeks to capture futures-basis yield for token holders without direct interaction with local banks or governments.
- Following gold, the company targets FX tokens tied to emerging-market currencies such as the Brazilian real and Mexican peso for onchain carry strategies.