Tenbin Raises $7M Led by Galaxy Digital for Tokenized Gold, Currency Products

Group 1 - Galaxy Ventures led a $7 million seed funding round for Tenbin Labs, which focuses on blockchain infrastructure for tokenized gold and foreign exchange markets, utilizing a unique approach compared to traditional wrapped tokens [1] - The funding round included participation from notable crypto market makers such as Wintermute Ventures, GSR, and FalconX, along with venture firms like Nascent, Variant, and Bankless Ventures [2] - Tenbin aims to connect on-chain assets directly to CME futures markets, differentiating itself from traditional custodial wrapping methods [2] Group 2 - Tenbin plans to launch a yield-bearing tokenized gold product in early 2026, in collaboration with Hidden Road and Ripple Prime, and will subsequently expand into emerging-market currencies like the Brazilian Real and Mexican Peso [3] - The company utilizes a proprietary CME hedging system to capture yields without direct interaction with Brazilian banks [4] - The correlation between Bitcoin and gold has dropped to zero, indicating a shift in market dynamics, with Bitcoin's value against gold significantly decreasing over the past year [4] Group 3 - Gold is projected to regain its status as a primary safe-haven asset, with prices expected to reach $4,000-$5,000 per troy ounce by 2026, influenced by Federal Reserve rate cuts and geopolitical tensions [5] - Tokenized gold provides crypto traders with a stable investment option while remaining within the crypto ecosystem, allowing for exposure to potential gains [5] - The market value of tokenized real-world assets, excluding stablecoins, surpassed $33 billion in 2025, indicating growing interest and investment in this sector [6]