According to Foresight News , tokenized asset startup Tenbin Labs announced on Twitter that it has completed a $7.1 million funding round, led by Galaxy Ventures, with participation from Wintermute Ventures, GSR, Uniswap, Nascent, Variant Fund, FalconX, and other institutions.
Instead of using a custody-based encapsulation method, Tenbin leverages CME futures for pricing and profits from futures basis, enabling fast settlement and low fees. The company plans to launch a tokenized gold product early this year, followed by high-yield forex tokens pegged to emerging market currencies such as the Brazilian real and Mexican peso, targeting DeFi users seeking alternatives to dollar-denominated stablecoins.
