Mars Finance reported on January 27th that tokenized asset startup Tenbin Labs announced on Twitter that it had completed a $7.1 million funding round, led by Galaxy Ventures, with participation from Wintermute Ventures, GSR, Uniswap, Nascent, Variant Fund, FalconX, and others. Tenbin has launched a novel tokenization model that enables rapid and scalable issuance and redemption, initially applied to yield-generating forex, precious metals, and commodities. Tenbin leverages the global liquidity of traditional exchanges like the Chicago Mercantile Exchange (CME) and combines it with the speed and composability of stablecoins like USDC to create truly liquid and yield-generating tokenized assets.
Tenbin Labs raises $7.1 million in funding, led by Galaxy Ventures.
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