Tenbin, a NYC-based provider of a tokenization protocol, has raised $7 million in a seed funding round led by Galaxy Ventures.
The round also saw participation from Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype, Bankless Ventures, and more.
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The company plans to use the funds to expand its asset offerings to include global FX currencies (BRL, MXN, JPY, etc.), commodities and metals, energy products, and more.
Galaxy Ventures, a division of Galaxy Digital, led a $7 million seed round for Tenbin Labs, a startup developing blockchain infrastructure for tokenized gold and foreign exchange markets, taking a new approach beyond traditional wrapped tokens.
Tenbin sets itself apart by linking on-chain assets directly to CME futures markets rather than relying on traditional custodial wrapping.
“Tokenization isn’t just about putting assets on-chain,” Yuminaga said in an interview with CoinDesk. “It’s about making them better—faster to settle, more liquid, and easier to use.”
“Tokenization only works if on-chain assets are more useful than their off-chain equivalents. Simply wrapping gold or FX without rebuilding the market creates assets that are slower, less liquid, and harder to use,” said Yuki Yuminaga, Co-Founder & CEO of Tenbin Labs, formerly a research partner at Fenbushi and Head of Growth at Sorella. “Tenbin fixes this by making tokenized assets trade more efficiently, settle faster, and provide utility that legacy off-chain assets cannot offer.”
Tenbin changes the game by linking on-chain assets directly to the global derivatives infrastructure, starting with CME futures markets. Its architecture aligns pricing, liquidity, and yield with the underlying real world markets. This allows Tenbin’s tokenized assets to inherit deep real world liquidity on chain while generating yield from both institutional carry and DeFi. The result is a new class of fully liquid, yield-bearing, institutional-grade tokenized assets that remain composable across the on-chain ecosystem.
The investment comes as tokenized real-world assets, excluding stablecoins, exceeded $33 billion in market value in 2025. Tenbin’s launch will test whether futures backed tokenization can solve the liquidity and usability challenges that have slowed the adoption of existing tokenized commodities.
The company plans to launch its yield bearing tokenized gold product in early 2026 through partnerships with Hidden Road and Ripple Prime, then expand into emerging market currencies like the Brazilian Real and Mexican Peso.
About Tenbin
Founded in 2025 by Yuki Yuminaga and Jake Lang, Tenbin is creating a tokenization protocol for liquid, yield bearing and redeemable real world assets on chain. The platform uses CME futures to anchor pricing and manage collateral enabling fast and efficient on chain settlement. Tenbin is built on the belief that tokenized assets should be better than the assets they represent faster to redeem, easier to use, more composable, and capable of generating yield. By combining institutional derivatives infrastructure with transparent on-chain collateral, Tenbin creates a new class of liquid, accessible, yield-bearing, and instantly redeemable assets, laying the foundation for the next-generation on-chain financial system.
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