Galaxy Digital leads $7M investment in Tenbin to build improved tokenized gold and FX markets

Tenbin plans to bring gold and foreign exchange currencies to blockchain rails using CME futures for faster and better tokenized asset trading. What to know : New York-based tokenized asset startup Tenbin Labs has raised $7 million in funding led by Galaxy Ventures, joined by Wintermute Ventures, GSR, FalconX and others. Instead of custody-based wrappers, Tenbin uses CME futures for pricing and capture futures basis yield, enabling fast settlement, low fees. The firm plans to launch a tokenized gold product early this year, followed by high-yield foreign exchange tokens tied to emerging market currencies like the Brazilian real and Mexican peso, targeting DeFi users seeking alternatives to U.S. dollar stablecoins.