Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Galaxy Digital leads $7M investment in Tenbi Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Galaxy Digital leads $7M investment in Tenbi

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

7 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

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.

By Krisztian Sandor|Edited by Stephen Alpher
Jan 27, 2026, 1:54 p.m.
Make us preferred on Google
Yuki Yuminaga, CEO and co-founder of Tenbin Labs (Tenbin Labs)

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.

Tokenization is supposed to make markets faster and more accessible. But many onchain versions of real-world assets have fallen short of that promise, offering thin liquidity, slow settlement and prices that drift from reality, argues Yuki Yuminaga, co-founder and CEO of Tenbin Labs.

His New York-based startup wants to change that by building institutional-grade tokenized assets that closely track real-world prices, settle quickly and generate yield.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

Tenbin has raised $7 million in seed funding led by Galaxy Ventures, the venture capital arm of Mike Novogratz's Galaxy Digital (GLXY), with backing from Wintermute Ventures, GSR, Variant, Archetype, FalconX and others.

"We don’t think tokenization is just about putting things onchain," Yuminaga said in an interview with CoinDesk. "It’s about making those assets better than they were before — faster to settle, more liquid, and more usable."

Rather than rely on custody-based wrappers, Tenbin uses CME futures contracts to anchor pricing and manage exposure. This allows the protocol to track real-world prices more closely, while also capturing yield from futures basis — the price difference between futures and spot markets. That yield is passed through to users, without requiring direct access to local banks or governments.

“We can capture all those yields and offer to the users without even touching the Brazilian bank,” Yuminaga said. “All of it is done through our proprietary CME hedging system.”

Tenbin’s design enables fast minting and redemptions, avoids fees under most conditions, and allows token holders to move freely across decentralized finance (DeFi) protocols. The first assets the firm plans to introduce are gold and emerging market currencies like the Brazilian real and Mexican peso.

Its first product, a tokenized gold asset, is scheduled to launch in early this year with support from prime brokers including Hidden Road and StoneX. FX-denominated tokens are next, offering high-yield carry trade opportunities to onchain users, Yuminaga said.

With interest in alternatives to U.S. dollar-denominated stablecoins growing, Tenbin is targeting what Yuminaga called the next batch of decentralized finance investors that are interested in "more profitable opportunities than just holding U.S. dollars."

The project is betting that demand for more liquid, yield-bearing tokenized assets will rise as crypto users look beyond basic dollar exposure and begin seeking better access to global markets without the friction of traditional financial rails.

"If we can offer real pricing, instant liquidity and yield in one token," Yuminaga said. "That’s where tokenization actually delivers."

TokenizationTokenized AssetsGalaxyExclusive

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

View Full Report

More For You

Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift

The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.

What to know:

  • Standard Chartered warned that U.S. regional banks are the most exposed to stablecoin disruption due to their heavy reliance on net interest margin (NIM) for revenue.
  • The bank projected that one-third of the growing stablecoin market will be sourced from developed market bank deposits, totaling an estimated $500 billion outflow by 2028.
  • A legislative standoff over whether stablecoin providers can pay interest is stalling market structure legislation, though Standard Chartered still expects a March passage.
Read full story
Latest Crypto News

HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange

WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization

Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines

Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption

Crypto money laundering balloons to $82B as Chinese-language services dominate, Chainalysis says

Top Stories

Tether takes the fight to Circle with a new 'made in America' stablecoin

Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins

Bitcoin, ether stall as metals steal spotlight in low-liquidity trade: Crypto Markets Today

Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility

Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect it

Senate Agriculture panel delays market structure hearing to Thursday after winter storm

Latest Crypto News

HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange

WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization

Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines

Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption

Crypto money laundering balloons to $82B as Chinese-language services dominate, Chainalysis says

Top Stories

Tether takes the fight to Circle with a new 'made in America' stablecoin

Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins

Bitcoin, ether stall as metals steal spotlight in low-liquidity trade: Crypto Markets Today

Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility

Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect it

Senate Agriculture panel delays market structure hearing to Thursday after winter storm

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million

Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million

The post Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million appeared on BitcoinEthereumNews.com. The two giant BTC holders, Strategy and Metaplanet, have stirred the waters despite the FUD in the Bitcoin market by acquiring a total of 6,269 Bitcoins. According to reports, Strategy has acquired 850 BTC while Metaplanet has acquired a bumper 5,419 tokens. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, purchased BTC worth $99.7 million at $117,344 per Bitcoin. This has brought its total Bitcoin holdings to 639,835 BTC, acquired for about $47.3 billion at $73,971 per Bitcoin. JUST IN: Strategy buys 850 BTC for $99.7M at $117,344 per BTC. Now holds 639,835 $BTCTotal spent: $47.33B Avg cost: $73,971 per BTCYTD BTC yield: 26.0% https://t.co/7iv2difHzR pic.twitter.com/O8WfDpJDxQ — Cryptopolitan (@CPOfficialtx) September 22, 2025 On the other hand, as reported by Cryptopolitan, Metaplanet purchased BTC worth $632.53 million at an average price of roughly $116,724 per Bitcoin. This has brought its total BTC holdings to 25,555 BTC, which was acquired for approximately $2.7 billion and purchased at an average price of $106,065 per BTC. Strategy slows down BTC purchase while Metaplanet adds speed The US company’s most recent Bitcoin purchase is in line with a recent trend of small purchases, showing a slowdown compared to the big purchases seen earlier this year. Strategy bought 3330 Bitcoin in September, which is a big drop from the 7,714 BTC it bought in August and a 75% drop from the 31,466 BTC it bought in July. In line with Bitcoin, Strategy’s stock has dropped about 2% in the last 30 days. Starting in 2020, the company put most of its money into Bitcoin. It used a mix of debt and stock to buy huge amounts of BTC, which turned the business intelligence software company into a Bitcoin giant. Still, the stock has gone up 2,200% since it started buying BTC. On the other hand,…
Share
BitcoinEthereumNews2025/09/22 22:54
Payward Revenue Hits $2.2 Billion as Kraken Exchange Reports Strong 2025 Growth

Payward Revenue Hits $2.2 Billion as Kraken Exchange Reports Strong 2025 Growth

TLDR Payward, Kraken’s parent company, earned $2.2 billion in 2025, a 33% increase from 2024’s $1.6 billion Trading revenue and asset-based services each contributed
Share
Blockonomi2026/02/04 20:11
Super Micro Computer (SMCI) Stock: Revenue Soars Past $12B on AI Server Boom

Super Micro Computer (SMCI) Stock: Revenue Soars Past $12B on AI Server Boom

TLDR Revenue hit $12.7 billion, crushing $10.42 billion estimate and up 123.4% year-over-year EPS of $0.69 beat consensus $0.49 by 40.8% in fiscal Q2 Q3 guidance
Share
Blockonomi2026/02/04 20:36