Tenbin Labs Secures $7 Million to Redefine Onchain Capital Markets with Innovative Tokenization Protocol
Tenbin Labs, a pioneering name in the space of tokenization, recently announced a successful seed funding round of $7 million, spearheaded by Galaxy Ventures. This significant investment marks a pivotal moment for Tenbin as the company aims to revolutionize onchain capital markets by developing an innovative asset tokenization protocol. The round also saw enthusiastic participation from notable players in the cryptocurrency and financial sectors, including Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype, and Bankless Ventures.
Tokenization has rapidly gained traction in recent years, evolving from a niche concept into a burgeoning market. Currently valued at approximately $33 billion, the global tokenized asset market (excluding stablecoins) is projected, according to research by Deutsche Bank, to reach $3-4 trillion by 2030, with a compound annual growth rate (CAGR) of over 150%. This growth is driven by a significant trend where institutional investors are expected to allocate around 7–9% of their portfolios into tokenized assets by 2027.
However, despite the rapid adoption, many tokenized assets still suffer from drawbacks that hinder their effectiveness compared to their offchain counterparts. The majority of existing tokenization models merely wrap actual assets without creating robust market infrastructure, resulting in limited utility, scalability, and liquidity. For example, tokenized gold, foreign exchange (FX), and commodities are often characterized by shallow market participation, slow settlement processes, and price discrepancies on-chain, which can limit their potential as collateral or as a store of value.
Tenbin seeks to address these challenges head-on. The company is implementing an architecture that connects onchain assets directly to established global derivatives markets, particularly leveraging infrastructure like the CME futures market. This integration aims to inherit the deep liquidity and real-world pricing dynamics of traditional financial markets, thereby enhancing the functionality of tokenized assets.
Yuki Yuminaga, Co-Founder and CEO of Tenbin Labs, highlighted the company’s objective: "Tokenization only works if onchain assets become more useful than their off-chain equivalents. Simply wrapping gold or FX onchain without rebuilding the underlying market structure creates assets that are slower, less liquid, and harder to use. Tenbin is the solution built to fix this broken structure." He emphasized the commitment to making tokenized assets not just competitive but superior, by ensuring faster trading, efficient settlements, and utility that legacy off-chain assets cannot provide.
One of the key features of Tenbin's protocol is its structured exposure mechanism coupled with a dual onchain/offchain collateral architecture. This innovation facilitates the minting and redemption process in just about 30 seconds, equating to approximately three Ethereum blocks. Furthermore, under normal operational conditions, Minting and redemption incurs no fees, a significant advantage that sets Tenbin apart from competitors. Additionally, the protocol offers yield-bearing perspectives sourced both from institutional carry and stablecoin returns, creating a compelling case for both traditional and decentralized finance participants.
Galaxy Ventures, impressed by Tenbin’s innovative approach, expressed strong beliefs in the company's potential. According to Will Nuelle, General Partner of Galaxy Ventures, "What impressed us about Tenbin is their approach. They're not just wrapping assets; they're reconstructing the entire issuance and liquidity stack for onchain markets. We believe Tenbin will play a foundational role in the evolution of onchain capital markets."
The launch of Tenbin's first product, a yield-bearing tokenized gold, is set for early 2026. The company is actively collaborating with major market makers and prime brokers, including Hidden Road and Ripple Prime, to facilitate this offering. Following the introduction of tokenized gold, Tenbin plans to broaden its asset offerings, expanding into global FX currencies like the Brazilian Real (BRL), Mexican Peso (MXN), Japanese Yen (JPY), and various commodities and energy products.
In summary, Tenbin Labs is on a mission to redefine tokenized assets, ensuring that their onchain versions offer enhanced usability, liquidity, and profitability compared to traditional offchain assets. By leveraging cutting-edge technology and strategic partnerships, Tenbin is poised to lead the next significant evolution in onchain financial systems. For more information about their ambitious plans and developments, you can visit their website at https://tenbinlabs.xyz/.
Tokenization has rapidly gained traction in recent years, evolving from a niche concept into a burgeoning market. Currently valued at approximately $33 billion, the global tokenized asset market (excluding stablecoins) is projected, according to research by Deutsche Bank, to reach $3-4 trillion by 2030, with a compound annual growth rate (CAGR) of over 150%. This growth is driven by a significant trend where institutional investors are expected to allocate around 7–9% of their portfolios into tokenized assets by 2027.
However, despite the rapid adoption, many tokenized assets still suffer from drawbacks that hinder their effectiveness compared to their offchain counterparts. The majority of existing tokenization models merely wrap actual assets without creating robust market infrastructure, resulting in limited utility, scalability, and liquidity. For example, tokenized gold, foreign exchange (FX), and commodities are often characterized by shallow market participation, slow settlement processes, and price discrepancies on-chain, which can limit their potential as collateral or as a store of value.
Tenbin seeks to address these challenges head-on. The company is implementing an architecture that connects onchain assets directly to established global derivatives markets, particularly leveraging infrastructure like the CME futures market. This integration aims to inherit the deep liquidity and real-world pricing dynamics of traditional financial markets, thereby enhancing the functionality of tokenized assets.
Yuki Yuminaga, Co-Founder and CEO of Tenbin Labs, highlighted the company’s objective: "Tokenization only works if onchain assets become more useful than their off-chain equivalents. Simply wrapping gold or FX onchain without rebuilding the underlying market structure creates assets that are slower, less liquid, and harder to use. Tenbin is the solution built to fix this broken structure." He emphasized the commitment to making tokenized assets not just competitive but superior, by ensuring faster trading, efficient settlements, and utility that legacy off-chain assets cannot provide.
One of the key features of Tenbin's protocol is its structured exposure mechanism coupled with a dual onchain/offchain collateral architecture. This innovation facilitates the minting and redemption process in just about 30 seconds, equating to approximately three Ethereum blocks. Furthermore, under normal operational conditions, Minting and redemption incurs no fees, a significant advantage that sets Tenbin apart from competitors. Additionally, the protocol offers yield-bearing perspectives sourced both from institutional carry and stablecoin returns, creating a compelling case for both traditional and decentralized finance participants.
Galaxy Ventures, impressed by Tenbin’s innovative approach, expressed strong beliefs in the company's potential. According to Will Nuelle, General Partner of Galaxy Ventures, "What impressed us about Tenbin is their approach. They're not just wrapping assets; they're reconstructing the entire issuance and liquidity stack for onchain markets. We believe Tenbin will play a foundational role in the evolution of onchain capital markets."
The launch of Tenbin's first product, a yield-bearing tokenized gold, is set for early 2026. The company is actively collaborating with major market makers and prime brokers, including Hidden Road and Ripple Prime, to facilitate this offering. Following the introduction of tokenized gold, Tenbin plans to broaden its asset offerings, expanding into global FX currencies like the Brazilian Real (BRL), Mexican Peso (MXN), Japanese Yen (JPY), and various commodities and energy products.
In summary, Tenbin Labs is on a mission to redefine tokenized assets, ensuring that their onchain versions offer enhanced usability, liquidity, and profitability compared to traditional offchain assets. By leveraging cutting-edge technology and strategic partnerships, Tenbin is poised to lead the next significant evolution in onchain financial systems. For more information about their ambitious plans and developments, you can visit their website at https://tenbinlabs.xyz/.
Topics Financial Services & Investing）
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