Tenbin Labs said it has raised $7 million in a seed funding round led by Galaxy Ventures to build institutional-grade infrastructure for tokenised assets.
The round included participation from Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype and Bankless Ventures, as Tenbin targets on-chain markets for gold, foreign exchange and commodities.
“Tokenisation only works if onchain assets become more useful than their off-chain equivalents,”
Said Yuki Yuminaga, adding that Tenbin aims to make tokenised assets trade faster, more efficiently and with deeper liquidity.
Tenbin said most tokenised assets today suffer from shallow liquidity and limited utility because they wrap assets without rebuilding the underlying market infrastructure.
The protocol seeks to address this by linking on-chain assets directly to global derivatives markets, starting with CME futures, allowing tokenised assets to inherit real-world liquidity and yield.
Galaxy Ventures general partner Will Nuelle said Tenbin is “rebuilding the entire issuance and liquidity stack for onchain markets,” positioning it as foundational infrastructure for tokenised capital markets.